Thai New Year Festival

Nonprofit profile at a glance

EIN
208106516
IRS 990-EZ coverage
2020–2021
Forms available
Form 990-EZ 2021, Form 990-N 2019
Location
North Hollywood, CA, USA
Rating
88
Verdict
STRONG
Rating confidence
Moderate
Sector
Cultural, Ethnic Awareness

Official website

Reported finances

Revenue
$165,715
Expenses
$222,449
Assets
$153,243
Liabilities
$98,700

Source: IRS Form 990-EZ. Selected filing: tax year 2021. Amounts in USD.

Leadership & pay

5 people listed

Executive titles in this filing

  • ROSALYN PATAMAKANTHIN (BOARD LEGAL ADVISOR & PRESIDENT)
  • TON PATTANA (VICE PRESIDENT)

People named in this filing

  • SRIWONG AYASIT-KOZIEL (CHAIRWOMAN)
  • SAM S WONGSKHALUANG (SECRETARY)
  • SUCHIT PUMVISEH (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 2021. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To promote appreciation of Thai culture

What it reported doing in 2021

Held Thai New Year Festival to create awareness of Thai culture as an integral part of a diverse community in Los Angeles

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. Expenses are high relative to revenue and assets have declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 100
  • Transparency & Controls: 82
  • Sustainability: 22
  • Growth: 80

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • 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: Limited

Sustainability

  • Operating margin: -34.2%; rating input score 3; 3rd percentile among comparable filings
  • Total-asset coverage ratio: 0.69; rating input score 41; 41st percentile among comparable filings
  • Liabilities to assets ratio: 0.64; rating input score 8; 8th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 65; 65th percentile among comparable filings

Growth

  • Program expense growth: 198.6% per year; rating input score 100; 99th percentile among comparable filings
  • Revenue growth: 40.4% per year; rating input score 100; 92nd percentile among comparable filings
  • Asset growth: -31.2% per year; rating input score 0; 3rd percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 100% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $222K in reported program spending
  • Leadership: top reported pay $0 · 5 people listed
  • Consistency: 7 of 7 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 2 filing years from 2020 to 2021
  • 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.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

  • High — Sustainability: Operating margin scored 3/100.
  • High — Growth: Asset growth scored 0/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 41/100.
  • High — Sustainability: Liabilities to assets ratio scored 8/100.
  • High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.