ASSE ASPIRE 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

2023

Legal Domicile

Principal Officer

FEI JIANG

Phone

9494973310

Tax Period

2024-09-01 to 2025-08-31

ASSE ASPIRE INC, founded in 2023, is a community nonprofit in the International Affairs sector that reported $2.9M in total revenue in fiscal year 2024. Revenue fell 42% from the prior year — a significant decline worth monitoring.

Mission

THE SPECIFIC PURPOSES OF THIS CORPORATION INCLUDE BUT ARE NOT LIMITED TO ENGAGING IN CHARITABLE AND EDUCATIONAL ACTIVITES,INCLUDING THOSE ACTIVITES THAT CONTRIBUTE TO INTERNATIONAL UNDERSTANDING BY PROVIDING STUDENTS FROM VARIOUS COUNTRIES WITH THE OPPORTUNITY TO IMPROVE THEIR KNOWLEDGE OF FOREIGN CULTURES AND LANGUAGES THROUGH INTERACTING WITH FELLOW AMERICAN STUDENTS, COLLEAGUES AND MEMBERS OF THEIR ORGANIZATIONS AND COMMUNITIES IN COUNTRIES OR REGIONS OTHER THAN THEIR OWN.

Program Service Accomplishments

Program 1

Expenses: $1,350,210 Revenue: $1,959,490

SUMMER WORK AND TRAVEL PROGRAM - COLLEGE AND UNIVERSITY STUDENTS ENROLLED FULL TIME AND PURSUING STUDIES AT POST-SECONDARY ACCREDITED ACADEMIC INSTITUTIONS LOCATED OUTSIDE THE UNITED STATES JOIN THE ASSE ASPIRE SUMMER WORK AND TRAVEL PROGRAM IN THE UNITED STATES TO LEARN ABOUT AMERICAN CULTURE AND TO SHARE THEIR CULTURE AND IDEAS WITH PEOPLE OF THE UNITED STATES THROUGH TEMPORARY WORK AND TRAVEL OPPORTUNITIES DURING THEIR SCHOOL'S SUMMER BREAK.

Program 2

Expenses: $339,410 Revenue: $377,000

INTERNSHIP PROGRAM - TO ENHANCE AN EXCHANGE VISITOR'S SKILLS IN HIS/HER OCCUPATION THROUGH PARTICIPATION IN A STRUCTURED INTERNSHIP TRAINING PROGRAM IN AN AMERICAN HOST COMPANY FOR UP TO TWELVE...

INTERNSHIP PROGRAM - TO ENHANCE AN EXCHANGE VISITOR'S SKILLS IN HIS/HER OCCUPATION THROUGH PARTICIPATION IN A STRUCTURED INTERNSHIP TRAINING PROGRAM IN AN AMERICAN HOST COMPANY FOR UP TO TWELVE MONTHS. TO IMPROVE THE PARTICIPANT'S KNOWLEDGE OF AMERICAN TECHNIQUES, METHODOLOGIES, AND/OR EXPERTISE WITHIN THE INDIVIDUAL'S FIELD OF ENDEAVOR. TO ENABLE FULLTIME UNIVERSITY STUDENTS OR RECENT GRADUATES TO BETTER UNDERSTAND AMERICAN CULTURE AND SOCIETY.

Program 3

Expenses: $345,730 Revenue: $417,850

TRAINEE PROGRAM - EXCHANGE VISITORS WITH RELATED WORK EXPERIENCE PARTICIPATE IN A TRAINING PROGRAM WITH AN AMERICAN HOST COMPANY FOR UP TO 18 MONTHS TO IMPROVE THEIR KNOWLEDGE OF AMERICAN TECHNIQUES, METHODOLOGIES AND EXPERTISE IN THIER CHOSEN OCCUPATIONAL FIELD. TRAINEES GAIN KNOWLEDGE OF AMERICAN CULTURE WHILE SHARING INFORMATION ABOUT THEIR HOME CULTURE.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $2,754,340

Investment Income $97,670

Other Revenue $0

TOTAL REVENUE $2,852,010

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,520,600

Fundraising Expenses $0

Program Expenses $2,035,350

Other Expenses $1,268,190

TOTAL EXPENSES $2,788,790

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,852,010	$4,957,730	-0.4%
Expenses	$2,788,790	$2,948,770	-0.1%
Net Income	$63,220	$2,008,960	-1.0%

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

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

$1,438,470

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM GUSTAFSON	PRESIDNT AND	12.00	Officer	$141,770	$62,260	$534,820
DIANE MATHUNY	CHIEF FINANC	9.00	Officer	$129,070	$76,350	$506,590
FEI JIANG	CHIEF OPERAT	28.00	Officer	$269,740	$59,890	$397,060
PHILIPPE KOHN	CHAIR OF THE	1.00	Officer Director	$0	$0	$0
DENISE NUNN	VICE CHAIR	0.10	Officer Director	$0	$0	$0
ERIC SPITALERI	SECRETARY	0.20	Officer Director	$0	$0	$0
TING GONG	DIRECTOR	0.10	Director	$0	$0	$0
JINGJUE SHI	DIRECTOR	0.10	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
2025	$2,852,010	$2,788,790	$2,852,980	$63,220
2024	$4,957,730	$2,948,770	$2,754,100	$2,008,960
2023	No data	No data	$154,720	No data