LAAUNCH Foundation

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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

2021

Phone

6503624076

Tax Period

2021-01-01 to 2021-12-31

LAAUNCH Foundation, founded in 2021, is a small nonprofit that reported $656K in total revenue in fiscal year 2021. The organization ran a surplus of $454K, a strong 69% operating margin.

Mission

LAAUNCH FOUNDATION IS A NON-PROFIT ORGANIZATION WORKING TO END RACISM AND INCREASE REPRESENTATION FOR ASIAN-AMERICANS BY DEVELOPING INNOVATIVE PROGRAMS THAT SUPPORT, ADVOCATE, AND ELEVATE THE ASIAN-AMERICAN COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $167,507 Revenue: $333,334

STAATUS INDEX REPORT1) INCREASE PUBLIC AWARENESS ABOUT ASIAN AMERICAN STEREOTYPES AND PERCEPTIONS2) PROVIDE DATA THAT GOVERNMENT AND COMMUNITY LEADERS CAN USE TO ADVOCATE FOR ASIAN AMERICAN EQUITY...

STAATUS INDEX REPORT1) INCREASE PUBLIC AWARENESS ABOUT ASIAN AMERICAN STEREOTYPES AND PERCEPTIONS2) PROVIDE DATA THAT GOVERNMENT AND COMMUNITY LEADERS CAN USE TO ADVOCATE FOR ASIAN AMERICAN EQUITY AND INCLUSION3) INFORM THE DEVELOPMENT OF IMPACTFUL POLICIES AND PROGRAMS THAT CAN IMPROVE THE STATUS OF ASIAN AMERICANS IN THE U.S.

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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 (2021)

Revenue Breakdown

Contributions & Grants $655,632

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $655,632

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $167,507

Other Expenses $201,525

TOTAL EXPENSES $201,525

Year-over-Year Comparison

	2021	2020	Change
Revenue	$655,632	N/A	N/A
Expenses	$201,525	N/A	N/A
Net Income	$454,107	N/A	N/A

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

N/A

Volunteers

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NORMAN CHEN	CEO/DIRECTOR	8.00	Officer Director	$0	$0	$0
EDWARD KING	CFO/DIRECTOR	8.00	Officer Director	$0	$0	$0
DAVID TING	SECRETARY/DIR	8.00	Officer Director	$0	$0	$0
RICHARD TING	Director	8.00	Director	$0	$0	$0
WAH CHEN	Director	8.00	Director	$0	$0	$0
ERIC TODA	Director	8.00	Director	$0	$0	$0

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
2021	$655,632	$201,525	$457,464	$454,107