Houston Asian American Festival Association
Nonprofit profile at a glance
- EIN
- 760064291
- IRS 990-EZ coverage
- 2020–2022
- Forms available
- Form 990-EZ 2022
- Location
- Houston, TX, USA
- Phone
- 7138618270
- Rating
- 91
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Cultural, Ethnic Awareness
Reported finances
- Revenue
- $37,587
- Expenses
- $29,381
- Assets
- $12,681
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2022. Amounts in USD.
Leadership & pay
4 people listed
People named in this filing
- Mike Chou (Chairman)
- Yani Keo (Secretary)
- Phan Duy (Treasurer)
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 2022. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Haafa, 501 c 3, founded 1980: mission to promote, preserve and present asian cultural arts festivals, free to the public, featuring dance, music, martial arts, lion dances & fireworks, for family audiences
What it reported doing in 2022
Annual cultural arts festival, lunar new year houston jan / feb, viet hoa center, sw houston, 2-day event, 40k audience
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
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Total assets are small relative to annual expenses; liquid coverage is unknown and reported officer compensation is a large share of total spending, which may reflect staffing concentration.
Rating breakdown
- Financial Efficiency: 86
- Transparency & Controls: 100
- Sustainability: 57
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 78.2%; rating input score 78
- Program expense ratio: 100%; rating input score 100
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: 21.8%; rating input score 74; 74th percentile among comparable filings
- Total-asset coverage ratio: 0.43; rating input score 25; 25th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 69; 69th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: 78.6% per year; rating input score 100; 95th percentile among comparable filings
- Revenue growth: 72.1% per year; rating input score 100; 97th percentile among comparable filings
- Asset growth: 43.8% per year; rating input score 100; 94th percentile among comparable filings
Details
- Where the money goes: 78.2% of revenue deployed · 100% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $29K in reported program spending
- Leadership: top reported pay $0 · 4 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 2 filed schedules
- Filing history: 3 filing years from 2020 to 2022
- 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 — Sustainability: Total-asset coverage ratio scored 25/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.