Aapi Equity Alliance
Nonprofit profile at a glance
- EIN
- 710879827
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024
- Location
- Los Angeles, CA, USA
- Phone
- 2132390300
- Rating
- 82
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Human Service Organizations
Reported finances
- Revenue
- $8,777,341
- Expenses
- $8,452,802
- Assets
- $5,268,460
- Liabilities
- $2,804,485
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
14 people listed
Executive titles in this filing
- RACHELLE ARIZMENDI (PRESIDENT)
- GRANT SUNOO (VICE PRESIDENT)
- MANJUSHA KULKARNI (EXECUTIVE DIRECTOR)
Highest reported compensation
- MANJUSHA KULKARNI (EXECUTIVE DIRECTOR): $241,087 total reported compensation
- NORBERT K TAN (DEPUTY DIRECTOR): $204,504 total reported compensation
- CANDICE CHO (MANAGING DIRECTOR OF POLIC): $156,045 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Aapi equity alliance is a coalition of community-based organizations that advocates for the rights and needs of the asian and pacific islander (api) community in the greater los angeles area, with particular focus on low-income, immigrant, refugee and other vulnerable populations.
What it reported doing in 2024
To accomplish its mission, aapi equity alliance:1. Promoted the needs, interests and concerns of the api community to the general public.2. Strengthened collaboration, planning and collective action among its members through common advocacy, organizational develpopment and capacity-building.3. Ensured that community members obtain access to culturally and linguistically appropriate services, become more civically engaged and become leaders in their respective communities.
Operating model
- Revenue model
- Grant-funded. 84% of the money available for current operations came from government grants.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 89
- Transparency & Controls: 70
- Accountability: 91
- Sustainability: 34
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 89.1%; rating input score 89
- Program expense ratio: 92.4%; rating input score 92
- Fundraising efficiency: $60.13 raised per $1 spent on fundraising; rating input score 81; 81st percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 1 of 6 controls in place; rating input score 17
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 7 of 9 controls in place; rating input score 78
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Fail
- CEO compensation review process: Pass
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 3.7%; rating input score 47; 47th percentile among comparable filings
- Total-asset coverage ratio: 0.62; rating input score 23; 23rd percentile among comparable filings
- Liabilities to assets ratio: 0.53; rating input score 19; 19th percentile among comparable filings
- Officer compensation ratio: 13.9%; rating input score 21; 21st percentile among comparable filings
Growth
- Program expense growth: 33.3% per year; rating input score 100; 94th percentile among comparable filings
- Revenue growth: 27.1% per year; rating input score 100; 93rd percentile among comparable filings
- Asset growth: 25.2% per year; rating input score 100; 90th percentile among comparable filings
Details
- Where the money goes: 89.1% of revenue deployed · 92.4% of spending went to programs
- Governance: 7 of 7 board members independent · 7 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $7.8M in reported program spending
- Leadership: top reported pay $241K · 14 people listed · 1 of 6 pay-setting controls reported
- Highest-paid contractors: 2 contractors listed · $250K reported
- Consistency: 26 of 26 current checks pass
- Schedules: 6 filed schedules · includes major donors and executive pay
- Filing history: 15 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 7 filed money-flow records
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Accountability: Governance controls: 2 of 9 not reported.
- Moderate — Sustainability: Operating margin scored 47/100.
- High — Sustainability: Total-asset coverage ratio scored 23/100.
- High — Sustainability: Liabilities to assets ratio scored 19/100.
- High — Sustainability: Officer compensation ratio scored 21/100.