AMERICAN MULTI ETHNIC COMMISSION

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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

KATHERINE THORAT

Phone

6308631462

Tax Period

2024-01-01 to 2024-12-31

AMERICAN MULTI ETHNIC COMMISSION, founded in 2023, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $64K in total revenue in fiscal year 2024. Expenses of $58K left a modest 9% surplus.

Mission

THE NBSP;AMERICAN NBSP;MULTI-ETHNIC NBSP;COMMISSION NBSP;(AMEC) NBSP;IS NBSP;A NBSP;NON-PROFIT NBSP;BIPARTISAN NBSP;GRASSROOTS NBSP;COMMUNITY NBSP;ORGANIZATION NBSP;COMMITTED NBSP;TO NBSP;EMPOWERING NBSP;AND NBSP;UPLIFTING NBSP;MULTI-ETHNIC NBSP;COMMUNITIES NBSP;ACROSS NBSP;THE NBSP;UNITED NBSP;STATES NBSP;AMEC NBSP;CONDUCTS NBSP;EVENTS NBSP;WORKSHOPS NBSP;PROGRAMS NBSP;AND NBSP;ENGAGES NBSP;IN NBSP;TRAINING NBSP;EDUCATIONAL NBSP;AND NBSP;SERVICE NBSP;ACTIVITIES NBSP;FOCUSSED NBSP;ON NBSP;ETHNIC NBSP;MINORITY NBSP;COMMUNITIES NBSP;THROUGH NBSP;A NBSP;WIDE NBSP;RANGE NBSP;OF NBSP;INITIATIVES NBSP;AMEC NBSP;STRIVES NBSP;TO: NBSP;- NBSP;ADVANCE NBSP;SOCIAL NBSP;JUSTICE NBSP;AND NBSP;INCLUSIVITY NBSP;FOR NBSP;ALL NBSP;ETHNIC NBSP;MINORITIES NBSP;- NBSP;FOSTER NBSP;EDUCATIONAL NBSP;EXCELLENCE NBSP;AND NBSP;ACCESS NBSP;TO NBSP;QUALITY NBSP;RESOURCES NBSP;- NBSP;PRESERVE NBSP;AND NBSP;CELEBRATE NBSP;CULTURAL NBSP;HERITAGE NBSP;THROUGH NBSP;OUTREACH NBSP;AND NBSP;PUBLIC NBSP;ENGAGEMENT NBSP;-

Program Service Accomplishments

Program 1

Expenses: $57,949 Revenue: $63,761

THE AMERICAN MULTI-ETHNIC COMMISSION (AMEC) IS A NON-PROFIT BIPARTISAN GRASSROOTS COMMUNITY ORGANIZATION COMMITTED TO EMPOWERING AND UPLIFTING MULTI-ETHNIC COMMUNITIES ACROSS THE UNITED STATES. AMEC CONDUCTS EVENTS WORKSHOPS PROGRAMS AND ENGAGES IN TRAINING EDUCATIONAL AND SERVICE ACTIVITIES FOCUSSED ON ETHNIC MINORITY COMMUNITIES. THROUGH A WIDE RANGE OF INITIATIVES AMEC STRIVES TO - ADVANCE SOCIAL JUSTICE AND INCLUSIVITY FOR ALL ETHNIC MINORITIES. - FOSTER EDUCATIONAL EXCELLENCE AND ACCESS TO QUALITY RESOURCES. - PRESERVE AND CELEBRATE CULTURAL HERITAGE THROUGH OUTREACH AND PUBLIC ENGAGEMENT. - STIMULATE ECONOMIC EMPOWERMENT BY SUPPORTING ENTREPRENEURSHIP AND JOB CREATION. - PROMOTE HEALTH AND WELL-BEING ENSURING EQUITABLE ACCESS TO HEALTHCARE. - INSPIRE THE NEXT GENERATION OF LEADERS THROUGH YOUTH-FOCUSED PROGRAMS AND MENTORSHIP.

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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 $63,761

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $63,761

Expense Breakdown

Grants Paid $1,400

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $57,949

Other Expenses $56,549

TOTAL EXPENSES $57,949

Year-over-Year Comparison

	2024	2023	Change
Revenue	$63,761	N/A	N/A
Expenses	$57,949	N/A	N/A
Net Income	$5,812	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
VIJAY PRABHAKAR	PRESIDENT	110.00	Director	$0	$0	$0
KATHERINE THORAT	SECRETARY	010.00	Director	$0	$0	$0
NAVEENCHANDRA KARNA	VICE PRESIDENT	010.00	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
2024	$63,761	$57,949	No data	$5,812