Abacus Actuaries Nfp
Nonprofit profile at a glance
- EIN
- 873772258
- IRS 990-EZ coverage
- 2024–2024
- Forms available
- Form 990-EZ 2024, Form 990-N 2023
- Location
- Chicago, IL, USA
- Phone
- 6086926657
- Rating
- 60
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Intergroup, Race Relations
Reported finances
- Revenue
- $67,797
- Expenses
- $31,142
- Assets
- $79,086
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
11 people listed
Executive titles in this filing
- Sherry Chan (Non-Executive Director)
- Mark Yu (Non-Executive Director)
- Ann Chai (Non-Executive Director)
- Joyce Wang (Non-Executive Director)
- Ying Zhao (Non-Executive Director)
- Riddhi Patel (Director and Past President)
People named in this filing
- Sherry Chan (Non-Executive Director)
- Mark Yu (Non-Executive Director)
- Ann Chai (Non-Executive Director)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The organization will cultivate understanding and acceptance of asian actuaries by developing and disseminating information, conducting educational and mentoring activities, hosting networking opportunities and encouraging collegiality.
What it reported doing in 2024
Conducted a 6-month mentorship program with 124 participants, offering structured networking and professional guidance. This program enhanced engagement among the broader membership of 2310 members, fostering cross-company connections and career development.
Operating model
- Revenue model
- Donor-supported. 100% of the money available for current operations came from contributions and gifts.
- 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
SUPPORTED - The filed numbers largely add up and revenue comfortably covers expenses. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 32
- Transparency & Controls: 100
- Sustainability: 79
- Growth: NotEnoughData
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 22.3%; rating input score 22
- Program expense ratio: 48.5%; rating input score 49
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: 54.1%; rating input score 92; 92nd percentile among comparable filings
- Total-asset coverage ratio: 2.54; rating input score 71; 71st percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 68; 68th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: Limited
- Asset growth: Limited
Details
- Where the money goes: 22.3% of revenue deployed · 48.5% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 4 filed program accomplishments · $15K in reported program spending
- Leadership: top reported pay $0 · 11 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 3 filed schedules
- Contacts: How to reach this organization
- 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.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Financial Efficiency: Mission deployment rate scored 22/100.
- Moderate — Financial Efficiency: Program expense ratio scored 49/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.