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.
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 |
Compare West Michigan Asian American Association Inc with other nonprofits in Michigan and across the country.