THE ASIA FOUNDATION (EIN 941191246) - Form 990 Financial Analysis & Trantor Score

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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

1952

Legal Domicile

Principal Officer

LAUREL E MILLER

Phone

4157433324

Tax Period

2023-10-01 to 2024-09-30

THE ASIA FOUNDATION, founded in 1952, is a major nonprofit in the International Affairs sector that reported $115.3M in total revenue in fiscal year 2023.

Mission

THE ASIA FOUNDATION IS A NON-PROFIT, INTERNATIONAL DEVELOPMENT ORGANIZATION.

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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 $114,248,670

Program Service Revenue $0

Investment Income $1,296,729

Other Revenue $-205,583

TOTAL REVENUE $115,339,816

Expense Breakdown

Grants Paid $23,913,501

Salaries & Benefits $61,137,587

Fundraising Expenses $791,904

Program Expenses $99,921,298

Other Expenses $31,942,221

TOTAL EXPENSES $116,994,134

Year-over-Year Comparison

	2023	2022	Change
Revenue	$115,339,816	$114,520,358	+0.0%
Expenses	$116,994,134	$117,865,560	0.0%
Net Income	$-1,654,318	$-3,345,202	-0.5%

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

146

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

$1,687,818

Total Directors

$449,604

Key Employees

$578,585

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LAUREL MILLER	CEO AND PRESIDENT (FROM 02/2023)	37.50	Officer Director	$414,308	$35,296	$449,604
S TIMOTHY KOCHIS	TRUSTEE, CHAIRMAN	1.00	Officer Director	$0	$0	$0
KATHLEEN STEPHENS	TRUSTEE, VICE CHAIR	1.00	Officer Director	$0	$0	$0
JANET MONTAG	TRUSTEE, VICE CHAIR	1.00	Officer Director	$0	$0	$0
PATRICIA M LOUI	TRUSTEE, TREASURER	1.00	Officer Director	$0	$0	$0
MICHAEL J GREEN	TRUSTEE, SECTRETARY	1.00	Officer Director	$0	$0	$0
LAMA AHMAD	TRUSTEE	1.00	Director	$0	$0	$0
ROBERT O BLAKE JR	TRUSTEE	1.00	Director	$0	$0	$0
CHENG-LING CHEN	TRUSTEE	1.00	Director	$0	$0	$0
KARL EIKENBERRY	TRUSTEE	1.00	Director	$0	$0	$0
STEPHANIE FAHEY	TRUSTEE	1.00	Director	$0	$0	$0
DANIEL FELDMAN	TRUSTEE	1.00	Director	$0	$0	$0
WINNIE C FENG	TRUSTEE	1.00	Director	$0	$0	$0
RYAN HASS	TRUSTEE	1.00	Director	$0	$0	$0
MA LAURICE JAMERO	TRUSTEE	1.00	Director	$0	$0	$0
LIN JAMISON	TRUSTEE	1.00	Director	$0	$0	$0
EUN MEE KIM PHD	TRUSTEE	1.00	Director	$0	$0	$0
DEBRA KNOPMAN	TRUSTEE	1.00	Director	$0	$0	$0
FRANK LAVIN	TRUSTEE	1.00	Director	$0	$0	$0
CLARE LOCKHART	TRUSTEE	1.00	Director	$0	$0	$0
MEREDETH LUDLOW	TRUSTEE	1.00	Director	$0	$0	$0
JACQUELINE LUNDQUIST	TRUSTEE	1.00	Director	$0	$0	$0
LAUREN MORIARTY	TRUSTEE	1.00	Director	$0	$0	$0
TED OSIUS	TRUSTEE	1.00	Director	$0	$0	$0
MARY ANN PETERS	TRUSTEE	1.00	Director	$0	$0	$0
RUBY SHANG	TRUSTEE	1.00	Director	$0	$0	$0
CALVIN SIMS	TRUSTEE	1.00	Director	$0	$0	$0
HARRY THOMAS JR	TRUSTEE	1.00	Director	$0	$0	$0
DEANNE WEIR	TRUSTEE	1.00	Director	$0	$0	$0
SUZANNE E SISKEL	EVP & COO	37.50	Officer	$343,954	$43,873	$387,827
KENNETH M KRUG	VP FINANCE & CFO	37.50	Officer	$320,904	$35,548	$356,452
NANCY YUAN	SR VP, WASHINGTON DC	37.50	Officer	$272,756	$36,292	$309,048
BEHNAZ RAUFI	ASSISTANT SECRETARY (FROM 02/2023)	37.50	Officer	$149,647	$35,240	$184,887
WENDY L SOONE-BRODER	CHIEF PHILANTROPY OFFICER	37.50	Key Emp	$228,291	$30,456	$258,747
AMY H OVALLE	VP, GLOBAL COMMS. (THRU 12/2023)	37.50	Key Emp	$268,056	$51,782	$319,838
THOMAS PARKS IV	COUNTRY REPRESENTATIVE	37.50	Highest	$296,217	$25,557	$321,774
MARK KOENIG	COUNTRY RESPRESENTATIVE	37.50	Highest	$260,851	$28,362	$289,213
WINSTON K CHOW	SENIOR DIRECTOR	37.50	Highest	$314,460	$28,049	$342,509
MELONEY LINDBERG	COUNTRY REPRESENTATIVE	37.50	Highest	$303,693	$27,738	$331,431
JAIME FAUSTINO	STRATEGIC ADVISOR	37.50	Highest	$280,446	$32,803	$313,249
DAVID D ARNOLD	FORMER OFFICER (THRU 01/2023)	37.50		$166,287	$19,691	$185,978
GORDON R HEIN	FORMER OFFICER (THRU 08/2023)	37.50		$238,633	$36,963	$275,596
ROGER CRAIG	FORMER KEY EMPLOYEE (THRU 09/2023)	37.50		$128,492	$21,196	$149,688

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	$115,339,816	$116,994,134	$90,174,494	$-1,654,318
2023	$114,520,358	$117,865,560	$88,330,326	$-3,345,202
2022	$101,640,301	$104,744,577	$77,781,251	$-3,104,276
2021	$96,548,436	$97,516,612	$76,412,898	$-968,176
2020	$105,975,756	$96,942,938	$73,177,274	$9,032,818
2019	$104,757,151	$105,133,876	$69,117,354	$-376,725
2018	$105,715,978	$105,573,925	$65,563,224	$142,053

THE ASIA FOUNDATION