CHINESE MERCHANTS ASSOCIATION OF MASSACHUSETTS (EIN 041175471) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1903

Legal Domicile

Principal Officer

PAULA CHAN

Phone

6174823972

Tax Period

2024-01-01 to 2024-12-31

CHINESE MERCHANTS ASSOCIATION OF MASSACHUSETTS, founded in 1903, is a small nonprofit in the Community Improvement sector that reported $418K in total revenue in fiscal year 2024. Revenue surged 33% from the prior year, signaling strong growth momentum. Expenses of $561K exceeded revenue, resulting in a 34% operating deficit.

Mission

ENCOURAGING CULTURAL PROGRAMS

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $11,231

Program Service Revenue $0

Investment Income $11,699

Other Revenue $395,154

TOTAL REVENUE $418,084

Expense Breakdown

Grants Paid $391,813

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $89,534

Other Expenses $169,207

TOTAL EXPENSES $561,020

Year-over-Year Comparison

	2024	2023	Change
Revenue	$418,084	$314,990	+0.3%
Expenses	$561,020	$147,675	+2.8%
Net Income	$-142,936	$167,315	-1.9%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

N/A

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES CHAN	PRESIDENT	002.00	Officer Director	$0	$0	$0
ZHAN T WONG	VICE-PRESIDENT	001.50	Officer Director	$0	$0	$0
HUNG GOON	CLERK	001.50	Officer Director	$0	$0	$0
PAULA CHAN	TREASURER	001.50	Officer Director	$0	$0	$0
HERMAN TANG	DIRECTOR	001.00	Director	$0	$0	$0
MELVIN LEE	DIRECTOR	001.00	Director	$0	$0	$0
FAI MAN ENG	DIRECTOR	001.00	Director	$0	$0	$0
RAYMOND ENG	DIRECTOR	001.00	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$418,084	$561,020	$2,052,322	$-142,936
2023	$314,990	$147,675	$2,458,730	$167,315
2022	$-1,739	$111,255	$2,348,036	$-112,994
2021	$556,239	$37,684	$3,017,543	$518,555
2020	$123,178	$86,740	$3,571,513	$36,438
2019	$74,289	$855	$3,592,838	$73,434
2018	$261,590	$450,091	$3,574,277	$-188,501

CHINESE MERCHANTS ASSOCIATION OF MASSACHUSETTS