ASIAN INC (EIN 941753170) - 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

1971

Legal Domicile

Principal Officer

Lamar Heystek

Phone

4159285910

Tax Period

2023-01-01 to 2023-12-31

ASIAN INC, founded in 1971, is a community nonprofit in the Community Improvement sector that reported $4.3M in total revenue in fiscal year 2023. Expenses of $4.0M left a modest 6% surplus.

Mission

The core mission of ASIAN, Inc. is the empowerment of the Asian American Community to achieve social equality by reducing dependency to create and expand access to opportunities in the areas of business development, housing and education. The most significant activities include technical assistance and research for strengthening the infrastructures of Asian American Communities in Northern California and to assist in their physical, economic, and social development.

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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 $477,972

Program Service Revenue $3,137,309

Investment Income $71,225

Other Revenue $601,140

TOTAL REVENUE $4,287,646

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,966,675

Fundraising Expenses $144,663

Program Expenses $2,744,500

Other Expenses $1,042,987

TOTAL EXPENSES $4,009,662

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,287,646	$4,447,185	0.0%
Expenses	$4,009,662	$4,072,368	0.0%
Net Income	$277,984	$374,817	-0.3%

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

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

$347,676

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LAMAR HEYSTEK	President	40.00	Officer	$195,776	$0	$195,776
DRO ABRAHAMIAN	COO	40.00	Officer	$151,900	$0	$151,900
DAVID MENDOZA	SR. PROJE DIRECTOR	40.00		$146,720	$0	$146,720
NOBBY CHENG	HOUSING DIRECTOR	40.00		$129,960	$0	$129,960
TONY TANG	PROJ. DIRECTOR	40.00		$129,795	$0	$129,795
ARMAND PANTALEON	DIRECTOR OF RE MGM	40.00		$126,146	$0	$126,146
FRANK FUNG	Chairman	2.00	Officer Director	$0	$0	$0
ROBERT LO	VICE-CHAIR	2.00	Officer Director	$0	$0	$0
SONYA TRAC	BOARD MEMBER	2.00	Director	$0	$0	$0
BETTY LEM	Treasurer	2.00	Officer Director	$0	$0	$0
AUBRI BRYAN	BOARD MEMBER	2.00	Director	$0	$0	$0
CHRISTINA CIU	Secretary	2.00	Officer Director	$0	$0	$0
ANDREW CHAU	BOARD MEMBER	2.00	Director	$0	$0	$0
JONATHAN LEONG	BOARD MEMBER	2.00	Director	$0	$0	$0
ROGER ROYSE	BOARD MEMBER	2.00	Director	$0	$0	$0
ELJAY FEUERMAN	BOARD MEMBER	2.00	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	No data	No data	No data	No data
2023	$4,287,646	$4,009,662	$13,830,227	$277,984
2022	$4,447,185	$4,072,368	$13,642,103	$374,817
2021	$4,897,792	$3,519,444	$12,344,249	$1,378,348
2020	$4,378,715	$3,604,777	$10,510,576	$773,938
2019	$3,628,497	$3,373,521	$8,818,957	$254,976
2018	$3,334,886	$3,087,839	$8,637,930	$247,047

ASIAN INC