Grand Rapids, MI
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)West Michigan Asian American Association Inc, founded in 2004, is a small nonprofit in the Health Care sector that reported $653K in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $620K left a modest 5% surplus.
Establishing connections Enriching lives, making a difference in the Asian American community in West Michigan.
The West Michigan Asian American Association, Inc. provides grants and provides funding to the following: Scholarship Grant Conduct Health Workshop and Lecture for the Asian Community in West...
The West Michigan Asian American Association, Inc. provides grants and provides funding to the following: Scholarship Grant Conduct Health Workshop and Lecture for the Asian Community in West Michigan Providing education for the Asian Community such as ESL and citizenship. Providing interpretation and translation for Asians who do not speak English. Providing services for Asians to navigate the health insurance marketplace.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $652,765 | $597,603 | +0.1% |
| Expenses | $620,148 | $445,248 | +0.4% |
| Net Income | $32,617 | $152,355 | -0.8% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Minerva Morey | Executive Director | 20.00 |
Director
|
$34,748 | $0 | $34,748 |
| Corazon Hanselman | Financial Officer | 15.00 |
Officer
Director
|
$33,170 | $0 | $33,170 |
| Claire Horlings | President | 0.50 |
Officer
Director
|
$0 | $0 | $0 |
| Aniruddh Behere | Board Member | 0.50 |
Director
|
$0 | $0 | $0 |
| Christina Fong | Board Member | 0.50 |
Director
|
$0 | $0 | $0 |
| Bing Goei | Board Member | 0.50 |
Director
|
$0 | $0 | $0 |
| Jackie Frens | Secretary | 0.50 |
Officer
Director
|
$0 | $0 | $0 |
| Nadeem Hamid | Board Member | 0.50 |
Director
|
$0 | $0 | $0 |
| Nathan Roudabush | Board Member | 0.50 |
Director
|
$0 | $0 | $0 |
| Romer Benitez | Board Chairman | 0.50 |
Officer
Director
|
$2,709 | $0 | $2,709 |
| Samantha Das | Board member | 0.50 |
Director
|
$0 | $0 | $0 |
| Charles Elwood | Board Member | 0.50 |
Director
|
$0 | $0 | $0 |
| Danica Hosaka | Board Member | 0.50 |
Director
|
$0 | $0 | $0 |
| Le Tran | Board Member | 0.50 |
Director
|
$0 | $0 | $0 |
| Yilin Wendland-Liu | Vice President | 0.50 |
Officer
Director
|
$3,930 | $0 | $3,930 |
| Huadong Wu | Board Member | 0.50 |
Director
|
$0 | $0 | $0 |
| Xiaodan Zhang | Board Member | 0.50 |
Director
|
$0 | $0 | $0 |
| Aileen Antonio-Santos | Board Member | 0.50 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | No data | No data | No data | No data |
| 2024 | $652,765 | $620,148 | $441,636 | $32,617 |
| 2023 | $597,603 | $445,248 | $409,019 | $152,355 |
| 2022 | $433,145 | $324,696 | $256,664 | $108,449 |
| 2021 | $262,700 | $275,275 | $148,215 | $-12,575 |
| 2020 | $397,675 | $366,311 | $160,790 | $31,364 |
| 2019 | $226,367 | $226,091 | $129,427 | $276 |
| 2018 | $207,654 | $201,358 | $129,151 | $6,296 |
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