ASIAN LEGACY LIBRARY US INC

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2018

Legal Domicile

Principal Officer

JOHN BRADY

Phone

5203600423

Tax Period

2023-01-01 to 2023-12-31

ASIAN LEGACY LIBRARY US INC, founded in 2018, is a community nonprofit in the Education sector that reported $1.9M in total revenue in fiscal year 2023. Expenses of $1.7M left a modest 13% surplus.

Mission

THE ASIAN LEGACY LIBRARY US, INC. (A.L.L.) FINDS AND PRESERVES RARE AND ENDANGERED WORKS OF ANCIENT ASIAN CULTURE AND MAKES THEM AVAILABLE FREE ONLINE TO EVERYONE.

Program Service Accomplishments

Program 1

Expenses: $646,720 Revenue: $0

PRESERVATION: A.L.L. FOCUSES ON ACCESSING SEVERAL COLLECTIONS OF ANCIENT WISDOM WORKS IN NEPAL, INDIA, AND MONGOLIA. TO ACHIEVE THIS GOAL, A.L.L. CONTINUOUSLY DEVELOPS THE RELATIONSHIPS NECESSARY TO GAIN PERMISSION TO ACCESS THESE COLLECTIONS AND PERFORM CULTURAL PRESERVATION ACTIVITIES. AT THE NATIONAL LIBRARY OF MONGOLIA (NLM), A.L.L. IS COMPLETING THE DIGITAL PRESERVATION OF NLM'S COLLECTION OF ANCIENT MANUSCRIPTS. A.L.L. ALSO HAS OPENED A NEW PRESERVATION CENTER IN GANDEN AND ERDENE ZUU IN MONGOLIA IN COORDINATION WITH THE CURRENT PROJECT UNDERTAKEN AT THE NLM. A.L.L. DEPLOYS SIMILAR PRESERVATION EFFORTS IN NEPAL AND INDIA.

Program 2

Expenses: $352,070 Revenue: $0

TRAINING AND OUTREACH: THE WHOLE ORGANIZATION AIMS TO FURTHER SHARE ITS EXPERTISE AND KNOWLEDGE IN THE FIELD OF DIGITAL PRESERVATION OF ANCIENT LITERATURE AND ENDANGERED TEXTS. A.L.L. IS CURRENTLY...

TRAINING AND OUTREACH: THE WHOLE ORGANIZATION AIMS TO FURTHER SHARE ITS EXPERTISE AND KNOWLEDGE IN THE FIELD OF DIGITAL PRESERVATION OF ANCIENT LITERATURE AND ENDANGERED TEXTS. A.L.L. IS CURRENTLY PLANNING TO EXPAND ITS SCOPE. A.L.L. HAS GAINED KNOWLEDGE AND EXPERTISE IN THE FIELD OF DIGITAL PRESERVATION CULTURAL HERITAGE AND IS SHARING THAT KNOW-HOW WITH OTHER STAKEHOLDERS INVOLVED IN THE SAME FIELD AROUND THE WORLD.

Program 3

Expenses: $262,480 Revenue: $0

DIGITAL LIBRARY DEVELOPMENT: THE INITIATIVES DESCRIBED ABOVE ALLOW THESE COLLECTIONS TO BE DISTRIBUTED DIGITALLY FREE OF CHARGE TO CURRENT AND FUTURE GENERATIONS. AS A RESULT, A.L.L. RECOGNIZES THE PIVOTAL ROLE OF DIGITAL TECHNOLOGY AT THE HEART OF ITS VALUE CHAIN IN DIGITIZED CULTURAL PRESERVATION. THE ORGANIZATION IS DEPLOYING NEW EFFORTS TO FURTHER BUILD DISSEMINATION CAPACITY BY CREATING A LINKED DATA PLATFORM AND PORTAL THAT IMPROVES ACCESS TO USERS AND ALL OTHER STAKEHOLDERS TO THE DIGITALLY PRESERVED COLLECTIONS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,931,082

Program Service Revenue $0

Investment Income $7

Other Revenue $0

TOTAL REVENUE $1,931,089

Expense Breakdown

Grants Paid $134,501

Salaries & Benefits $293,733

Fundraising Expenses $79,120

Program Expenses $1,261,270

Other Expenses $1,196,560

TOTAL EXPENSES $1,682,945

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,931,089	$1,856,796	+0.0%
Expenses	$1,682,945	$1,588,004	+0.1%
Net Income	$248,144	$268,792	-0.1%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✓ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

⚠ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✓ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$129,308

Total Directors

$77,308

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN BRADY	PRESIDENT	60.00	Officer Director	$73,000	$4,308	$77,308
MICHAEL ROACH	TREASURER	5.00	Officer Director	$0	$0	$0
STANLEY CHEN	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
BEN GHALMI	FINANCIAL CONSULTANT	40.00	Officer	$52,000	$0	$52,000

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	No data	No data	No data	No data
2023	$1,931,089	$1,682,945	$1,166,979	$248,144
2022	$1,856,796	$1,588,004	$932,234	$268,792
2021	$2,567,344	$2,064,912	$667,231	$502,432
2020	$148,831	$69,759	$129,434	$79,072