ASIAN HEALTH & SERVICE CENTER 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

1983

Legal Domicile

Principal Officer

HOLDEN LEUNG

Phone

5038728822

Tax Period

2023-07-01 to 2024-06-30

ASIAN HEALTH & SERVICE CENTER INC, founded in 1983, is a community nonprofit in the Health Care sector that reported $5.7M in total revenue in fiscal year 2023. Expenses of $5.1M left a modest 11% surplus.

Mission

ASIAN HEALTH AND SERVICE CENTER'S (AHSC) MISSION IS TO BE THE BRIDGE BETWEEN ASIAN AND AMERICAN CULTURES AND TO BUILD A HARMONIOUS COMMUNITY. ITS VISION IS TO REDUCE THE HEALTH INEQUITY AND IMPROVE HEALTHCARE QUALITY FOR ALL ASIANS.

Program Service Accomplishments

Program 1

Expenses: $2,628,705

COMMUNITY ENGAGEMENT/PUBLIC HEALTH - AHSC OFFERS A CONTINUUM OF SOCIAL AND SUPPORT SERVICES IN A CULTURALLY SENSITIVE SETTING BY REACHING OUT TO ASIAN IMMIGRANTS, REACQUAINTING THEM WITH THE HERITAGE AND CULTURE OF THEIR HOMELAND, PROVIDING OPPORTUNITIES FOR SOCIALIZING, AND FOSTERING A SENSE OF COMMUNITY. AHSC'S CULTURALLY RELEVANT AND LINGUISTICALLY APPROPRIATE COMMUNITY OUTREACH INCLUDES CULTURAL GROUPS AND ACTIVITIES, AN ETHNIC MEAL PROGRAM FOR SENIORS, AND A SHORT TERM CASE MANAGEMENT PROGRAM. AHSC'S COMMUNITY ENGAGEMENT SERVICES HELP COMMUNITY MEMBERS LIVE HAPPIER AND HEALTHIER LIVES. A SIGNIFICANT PERCENTAGE OF THE PEOPLE IN THESE PROGRAMS ARE LOW INCOME WITH LOW ENGLISH PROFICIENCY. AHSC'S INTEGRATED HEALTH MODEL EMPHASIZES THE FOLLOWING ASPECTS: 1)TEACH MEMBERS HOW TO LIVE WELL WITH CHRONIC ILLNESS; 2)EDUCATE MEMBERS HOW AND WHEN TO SEEK HELP AND HOW TO COMMUNICATE WITH DOCTORS; 3)ENCOURAGE MEMBERS TO MAINTAIN A HEALTHY DIET AND GET APPROPRIATE EXERCISE, AND 4)HELP MEMBERS SEEK PREVENTATIVE CARE AND ACCESS RESOURCES AND SERVICES. AHSC PROVIDES A SERIES OF PUBLIC HEALTH EDUCATION PROJECTS AND ACTIVITIES AND PSYCHOSOCIAL SUPPORT PROGRAMS.

Program 2

Expenses: $1,820,316 Revenue: $22,575

BEHAVIORAL HEALTH - AHSC HAS A STATE-CERTIFIED OUTPATIENT BEHAVIORAL HEALTH CLINIC SPECIALIZING IN SERVING THE ASIAN COMMUNITY. CULTURALLY AND LINGUISTICALLY APPROPRIATE CLINICAL SERVICES ARE...

BEHAVIORAL HEALTH - AHSC HAS A STATE-CERTIFIED OUTPATIENT BEHAVIORAL HEALTH CLINIC SPECIALIZING IN SERVING THE ASIAN COMMUNITY. CULTURALLY AND LINGUISTICALLY APPROPRIATE CLINICAL SERVICES ARE PROVIDED BY A TEAM OF BILINGUAL PROFESSIONALS AND PSYCHIATRISTS.

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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 $5,242,662

Program Service Revenue $22,575

Investment Income $165,222

Other Revenue $291,477

TOTAL REVENUE $5,721,936

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,692,713

Fundraising Expenses $34,116

Program Expenses $4,449,021

Other Expenses $1,422,487

TOTAL EXPENSES $5,115,200

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,721,936	$5,636,249	+0.0%
Expenses	$5,115,200	$5,559,868	-0.1%
Net Income	$606,736	$76,381	+6.9%

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

133

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

$438,625

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR ERIK SZETO	CHAIR	3.00	Officer Director	$0	$0	$0
TOU MEKSAVANH	VICE CHAIR	1.00	Officer Director	$0	$0	$0
DONALD ECKTON	SECRETARY	2.00	Officer Director	$0	$0	$0
DR ANITA CHAN	TREASURER	2.00	Officer Director	$0	$0	$0
LOUIS LEE	DIRECTOR	1.00	Director	$0	$0	$0
JUNGHEE LEE	DIRECTOR	1.00	Director	$0	$0	$0
JEFF HEATHERINGTON	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTINE LAU	COO	40.00	Officer	$127,131	$7,890	$135,021
HOLDEN LEUNG	EXECUTIVE DIRECTOR	40.00	Officer	$185,630	$7,890	$193,520
HAN-EN HSU	FSO	40.00	Officer	$102,194	$7,890	$110,084

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	No data	No data	No data	No data
2024	$5,721,936	$5,115,200	$20,761,937	$606,736
2023	$5,636,249	$5,559,868	$24,618,936	$76,381
2022	$6,716,307	$4,981,743	$17,491,732	$1,734,564
2021	$5,843,221	$4,812,873	$16,356,089	$1,030,348
2020	$4,390,963	$4,226,701	$15,416,599	$164,262
2019	$3,425,059	$4,038,315	$14,496,441	$-613,256