Asia America Symphony Association

EIN: 952425011 501(c)(3) Arts, Culture & Humanities

Palos Verdes, CA

Total Revenue
$79,392
Total Expenses
$117,669
Total Assets
$3,508
Net Assets
$-739
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1965
Legal Domicile
CA
Principal Officer
Darryl Tanikawa
Phone
3103778977
Tax Period
2023-01-01 to 2023-12-31

Asia America Symphony Association, founded in 1965, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $79K in total revenue in fiscal year 2023. Revenue decreased 15% compared to the prior year. Expenses of $118K exceeded revenue, resulting in a 48% operating deficit.

Mission

One of the primary goals of Asia America Symphony Assoc is to offer Asian musicians the opportunity to hear Asian composers work. Membership contributions and donations particularly reflect the support from the community served. These,as well as the income from the tickets and concert programs,provide support for these musicians and their music.

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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 $6,417
Program Service Revenue $72,960
Investment Income $15
Other Revenue $0
TOTAL REVENUE $79,392

Expense Breakdown

Grants Paid $0
Salaries & Benefits $38,487
Fundraising Expenses $0
Program Expenses $117,669
Other Expenses $79,182
TOTAL EXPENSES $117,669

Year-over-Year Comparison

2023 2022 Change
Revenue $79,392 $93,802 -0.2%
Expenses $117,669 $191,641 -0.4%
Net Income $-38,277 $-97,839 -0.6%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
7
Independent Members
7
Employees
10
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
4
$0
Total Directors
2
$0
Key Employees
4
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Nikki Lennertz President 0.00
Officer Key Emp
$0 $0 $0
Na N/a 0.00
Director
$0 $0 $0
Craig Sunada Vice-President 0.00
Officer Director Key Emp
$0 $0 $0
Ralph Zepeda Vice-President 0.00
Officer Key Emp
$0 $0 $0
NA N/A N/A
$0 $0 $0
NA N/A N/A
$0 $0 $0
Tom Compton Treasurer 0.00
Officer Key Emp
$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
2023 $79,392 $117,669 $3,508 $-38,277
2022 $93,802 $191,641 No data $-97,839
2021 $204,073 $179,853 $136,856 $24,220
2020 $75,494 $118,186 $133,711 $-42,692
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