ASIAN AMERICAN JOURNALISTS ASSOCIATION

EIN: 953755203 501(c)(3) Arts, Culture & Humanities

WASHINGTON, DC

Total Revenue
$5,023,485
Total Expenses
$2,509,676
Total Assets
$8,922,632
Net Assets
$8,655,663
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1981
Legal Domicile
CA
Principal Officer
NAOMI TACUYAN UNDERWOOD
Phone
2027298383
Tax Period
2023-01-01 to 2023-12-31

ASIAN AMERICAN JOURNALISTS ASSOCIATION, founded in 1981, is a community nonprofit in the Arts, Culture & Humanities sector that reported $5.0M in total revenue in fiscal year 2023. Revenue surged 84% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.5M, a strong 50% operating margin.

Mission

TO ENCOURAGE ASIAN AMERICANS AND PACIFIC ISLANDERS TO ENTER THE RANKS OF JOURNALISM, WORK FOR FAIR AND ACCURATE COVERAGE, INCREASE THE NUMBER OF JOURNALISTS AND NEWS MANAGERS IN THE INDUSTRY.

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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 $4,319,444
Program Service Revenue $554,079
Investment Income $9,676
Other Revenue $140,286
TOTAL REVENUE $5,023,485

Expense Breakdown

Grants Paid $81,474
Salaries & Benefits $605,849
Fundraising Expenses $598,058
Program Expenses $1,001,118
Other Expenses $1,656,753
TOTAL EXPENSES $2,509,676

Year-over-Year Comparison

2023 2022 Change
Revenue $5,023,485 $2,727,026 +0.8%
Expenses $2,509,676 $2,805,762 -0.1%
Net Income $2,513,809 $-78,736 -32.9%
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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Governance

Voting Members
11
Independent Members
11
Employees
9
Volunteers
100

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
7
$165,000
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
NICOLE DUNGCA PRESIDENT 8.00
Officer Director
$0 $0 $0
FRANK BI SENIOR VICE PRESIDENT 4.00
Officer Director
$0 $0 $0
KRIS VERA-PHILLIPS VICE PRESIDENT, JOURNALISM 4.00
Officer Director
$0 $0 $0
MARIAN C LIU VICE PRESIDENT, CIVIC ENGAGEMENTS 4.00
Officer Director
$0 $0 $0
JIN DING VICE PRESIDENT, FINANCE 4.00
Officer Director
$0 $0 $0
SHIRLEY QIU VICE PRESIDENT, COMMUNICATIONS 4.00
Officer Director
$0 $0 $0
ANIKA VARTY SMALL/MEDIUM CHAPTER REPRESENTATIVE 4.00
Director
$0 $0 $0
DAIGO FUJIWARA-SMITH SMALL/MEDIUM CHAPTER REPRESENTATIVE 4.00
Director
$0 $0 $0
MORIAH BALINGIT LARGE CHAPTER REPRESENTATIVE 4.00
Director
$0 $0 $0
ARIC JOHNSON AT-LARGE CHAPTER REPRESENTATIVE 4.00
Director
$0 $0 $0
CHRIS NGUYEN AT-LARGE CHAPTER REPRESENTATIVE 4.00
Director
$0 $0 $0
NAOMI TACUYAN UNDERWOOD EXECUTIVE DIRECTOR 40.00
Officer
$155,000 $10,000 $165,000
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 $5,023,485 $2,509,676 $8,922,632 $2,513,809
2022 $2,727,026 $2,805,762 $6,020,064 $-78,736
2021 $3,748,765 $1,672,677 $6,334,318 $2,076,088
2020 $1,698,659 $1,135,611 $4,021,913 $563,048
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