ASIAN RESOURCES INC

EIN: 942658135 501(c)(3) Health Care

SACRAMENTO, CA

Total Revenue
$4,035,123
Total Expenses
$3,985,072
Total Assets
$8,840,667
Net Assets
$5,746,428
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1980
Legal Domicile
CA
Principal Officer
THI DO
Phone
9164541892
Tax Period
2023-10-01 to 2024-09-30

ASIAN RESOURCES INC, founded in 1980, is a community nonprofit in the Health Care sector that reported $4.0M in total revenue in fiscal year 2023. Revenue fell 23% from the prior year — a significant decline worth monitoring.

Mission

EMPLOYMENT AND TRAINING SERVICES

Program Service Accomplishments

Program 1
Expenses: $3,566,905 Revenue: $51,562

THE AGENCY HAS THREE PRINCIPAL AREAS OF SERVICES: EMPLOYMENT, TRAINING, AND COMMUNITY SERVICES. IN EMPLOYMENT SERVICES, SPECIALISTS ASSIST CLIENTS BY PREPARING THEM FOR WORK THROUGH RESUME...

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THE AGENCY HAS THREE PRINCIPAL AREAS OF SERVICES: EMPLOYMENT, TRAINING, AND COMMUNITY SERVICES. IN EMPLOYMENT SERVICES, SPECIALISTS ASSIST CLIENTS BY PREPARING THEM FOR WORK THROUGH RESUME, INTERVIEWING, AND APPLICATION ASSISTANCE. IN TRAINING, THE AGENCY PROVIDES EMPLOYMENT DEVELOPMENT SUCH AS HOW TO FIND, KEEP, AND GROW IN A JOB, AS WELL AS LIFE SKILLS. ALSO, THE AGENCY PROVIDES INDUSTRY SPECIFIC TRAINING THAT BRIDGE GAPS IN INDUSTRY NEEDS AND ENTRY LEVEL EMPLOYEES, CREATING QUALIFIED CANDIDATES IN SPECIFIC SECTORS. IN COMMUNITY SERVICES, SPECIALISTS ASSIST IN ACCESSING THE RESOURCES THEY NEED TO NAVIGATE THE PATHS THEY FACE AS THEY MAKE THE TRANSITION TO LIFE IN OUR COMMUNITY. THE GOALS OF THESE PROGRAMS ARE PEOPLE'S SELF-SUFFICIENCY.EMPLOYMENT PROGRAMS FOR ADULTSREFUGEE SUPPORT PROGRAMS - SERVICES INCLUDE VOCATIONAL ENGLISH AS A SECOND LANGUAGE CLASSES, AND EMPLOYMENT SERVICES.JOB CENTER - CAREER COACHING, VOCATIONAL OPPORTUNITIES, CAREER WORKSHOPS, EMPLOYMENT SERVICES, FINANCIAL ASSISTANCE, HOUSING INFORMATION, VOCATIONAL SCHOLARSHIPS, AND COMMUNITY RESOURCES.ADULT PROGRAM - ONE ON ONE CAREER COACHING AND TUITION ASSISTANCE.ON-THE-JOB TRAINING - EMPLOYERS PROVIDE HANDS-ON TRAINING AND WORK EXPERIENCE.CASE MANAGEMENT - PARTICIPANTS RECEIVE ONGOING CASE MANAGEMENT AND COUNSELING. YOUTH EMPLOYMENT PROGRAMSOUT YOUTH PROGRAM - YOUTH GAIN EXPERIENCE AND IMPORTANT LIFE SKILLS THROUGH JOB PLACEMENT AND CLASSROOM TRAINING.YOUTH EXECUTIVE ACADEMY IS A GROUP OF YOUNG DIVERSE LEADERS (15-23 YEARS OF AGE) WHOSE MISSION IS TO CREATE POSITIVE SOCIAL CHANGE BY CREATING AN EMPOWERING COMMUNITY AND ADVANCING THE VOICE OF YOUNG PEOPLE. COMMUNITY SERVICESIN-LANGUAGE SUPPORTSMUD ENERGY ASSISTANCE PROGRAMPG&E CARE PROGRAM DISCOUNTED DIGITAL ACCESS ENGLISH AS A SECOND LANGUAGE CLASSES BASIC IMMIGRATION CLINICDIGITAL LITERACY CLASS YOUTH VIOLENCE PREVENTIONVITA/EITC TAX PREPARATION COVERED CALIFORNIA ENROLLMENTMEDICAL ENROLLMENTHEALTH EDUCATION AND RESOURCESCALFRESH ENROLLMENT ASSISTANCEFOREIGN HUMAN TRAFFICKING ASSISTANCECOMMUNITY ADVOCACYVOLUNTEER SERVICESEMPLOYER SERVICES EDUCATIONAL TRAINING RECRUITMENT AND SCREENING: PRE-SCREENED, QUALIFIED CANDIDATES. JOB PLACEMENT PROGRAMS: EMPLOYERS RECEIVE PRE-SCREENED REFERRALS AND WAGE REIMBURSEMENT

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $3,899,027
Program Service Revenue $0
Investment Income $47,882
Other Revenue $88,214
TOTAL REVENUE $4,035,123

Expense Breakdown

Grants Paid $410,699
Salaries & Benefits $2,039,361
Fundraising Expenses $0
Program Expenses $3,566,905
Other Expenses $1,535,012
TOTAL EXPENSES $3,985,072

Year-over-Year Comparison

2023 2022 Change
Revenue $4,035,123 $5,238,606 -0.2%
Expenses $3,985,072 $4,728,115 -0.2%
Net Income $50,051 $510,491 -0.9%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
10
Independent Members
10
Employees
69
Volunteers
30

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
4
$149,415
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SONNEY CHONG PRESIDENT 2.00
Officer Director
$0 $0 $0
THI DO VICE PRESIDENT 2.00
Officer Director
$0 $0 $0
IRFAN MEHMOOD SECRETARY TREASURER 2.00
Officer Director
$0 $0 $0
DANIEL WASHINGTON DIRECTOR AT LARGE 2.00
Director
$0 $0 $0
CHAO DANNY VANG DIRECTOR AT LARGE 2.00
Director
$0 $0 $0
OANH MEYER DIRECTOR AT LARGE 2.00
Director
$0 $0 $0
RICHARD RICK UNO DIRECTOR AT LARGE 2.00
Director
$0 $0 $0
CHIAYA RAWLINS DIRECTOR AT LARGE 2.00
Director
$0 $0 $0
CAROLYN HASHIMOTO DIRECTOR AT LARGE 2.00
Director
$0 $0 $0
THUONG LE DIRECTOR AT LARGE 2.00
Director
$0 $0 $0
REJIE MARIE BALOYOS EXECUTIVE DIRECTOR 40.00
Officer
$137,927 $11,488 $149,415
DOREENA WONG POLICY DIRECTOR 40.00
Highest
$127,437 $12,393 $139,830
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 $4,035,123 $3,985,072 $8,840,667 $50,051
2023 $5,238,606 $4,728,115 $8,853,181 $510,491
2022 $5,314,890 $4,403,042 $7,968,395 $911,848
2021 $4,229,260 $3,431,246 $7,204,642 $798,014
2021 $4,945,582 $3,431,304 $7,216,549 $1,514,278
2020 $3,681,893 $1,985,850 $5,870,210 $1,696,043
2019 $2,427,052 $1,873,627 $1,648,279 $553,425
2018 $1,897,503 $1,776,682 $1,084,948 $120,821
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