Asian Financial Society
Nonprofit profile at a glance
- EIN
- 133471772
- IRS 990-EZ coverage
- 2010–2024
- Forms available
- Form 990-EZ 2024, Form 990-N 2009
- Location
- New York, NY, USA
- Phone
- 9177202588
- Rating
- 80
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Chambers of Commerce & Business Leagues
Reported finances
- Revenue
- $1,517
- Expenses
- $3,777
- Assets
- $122,199
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
13 people listed
Executive titles in this filing
- Yuejuan Weng (President)
People named in this filing
- Frank Mah (Chair)
- Yuejuan Weng (President)
- Chengying Xiu (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 Asian Financial Society (AFS) is a 501(c)(3) non-profit organization that aims to help young professionals achieve lifelong goals in entering the US-Asian finance industry through free or low-cost career enhancement opportunities, business development and general career support.
What it reported doing in 2024
AFS Summer Program #1: How can AI/ML impact the financial service industry?, July 18, 2024 AFS Summer Program #2: IPO Trends in 2024, on July 29, 2024 AFS Summer Program #3: Option trading - Strategies and Risk Management, on August 8, 2024 AFS Summer Program #4: Navigating opportunities in Southeast Asia, on August 15, 2024 AFS Summer Program #5: Personal Wealth Management () Event Date: 08/22/2024 2024 autumn hiking event on Sunday October 27 AFS Private Briefing: Dr. Ben Meng - Co-Sponsored by China Institute February 26, 2025 - 4:00 pm - 6:00 pm EDT Location: China Institute in America 40 Rector Street, New York, NY 10006
Operating model
- Revenue model
- Earned-program. 94% of the money available for current operations came from fees and other program revenue.
- 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 - The filed numbers largely add up and a large share of available resources goes toward mission work. A relatively small share of total spending goes to programs and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 73
- Transparency & Controls: 100
- Sustainability: 46
- Growth: 20
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 93.9%; rating input score 94
- Program expense ratio: 37.7%; rating input score 38
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: -149%; rating input score 6; 6th percentile among comparable filings
- Total-asset coverage ratio: 32.35; rating input score 97; 97th 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: -7.3% per year; rating input score 0; 31st percentile among comparable filings
- Revenue growth: -9.7% per year; rating input score 0; 25th percentile among comparable filings
- Asset growth: 7.8% per year; rating input score 100; 67th percentile among comparable filings
Details
- Where the money goes: 93.9% of revenue deployed · 37.7% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $1K in reported program spending
- Leadership: top reported pay $0 · 13 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 3 filed schedules
- Filing history: 15 filing years from 2010 to 2024
- 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.
- Moderate — Financial Efficiency: Program expense ratio scored 38/100.
- High — Sustainability: Operating margin scored 6/100.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.