CHINESE ECONOMIC DEVELOPMENT COUNCIL INC (EIN 042565019) - 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

1974

Legal Domicile

Principal Officer

EDWARD CHIANG

Phone

6174821011

Tax Period

2024-01-01 to 2024-12-31

CHINESE ECONOMIC DEVELOPMENT COUNCIL INC, founded in 1974, is a small nonprofit in the Human Services sector that reported $946K in total revenue in fiscal year 2024. Revenue surged 120% from the prior year, signaling strong growth momentum. The organization ran a surplus of $934K, a strong 99% operating margin.

Mission

TO PROMOTE, ASSIST, AND COORDINATE THE ECONOMIC PHYSICAL AND SOCIAL DEVELOPMENT OF CHINESE COMMUNITIES, PRIMARILY IN BOSTON, MASS.

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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 $88,953

Program Service Revenue $746,231

Investment Income $110,808

Other Revenue $0

TOTAL REVENUE $945,992

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $11,901

Other Expenses $11,901

TOTAL EXPENSES $11,901

Year-over-Year Comparison

	2024	2023	Change
Revenue	$945,992	$429,558	+1.2%
Expenses	$11,901	$4,034	+2.0%
Net Income	$934,091	$425,524	+1.2%

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
EDWARD CHIANG	CHAIRMAN	2.00	Officer Director	$0	$0	$0
ALLEN CHIN	VICE CHAIRMA	2.00	Officer Director	$0	$0	$0
MARIANNA S RIEMER	TREASURER	2.00	Officer Director	$0	$0	$0
MARGARET CHEN	DIRECTOR	2.00	Director	$0	$0	$0
ROSEMARY LAM	DIRECTOR	2.00	Director	$0	$0	$0
ROBERT WANG	CLERK	2.00	Officer Director	$0	$0	$0
WANCHIN CHOU	DIRECTOR	2.00	Director	$0	$0	$0
AL CHAO	DIRECTOR	2.00	Director	$0	$0	$0
FELIX LUI	DIRECTOR	2.00	Director	$0	$0	$0
PAUL CHAN	DIRECTOR	2.00	Director	$0	$0	$0
ANGELA YANG	DIRECTOR	2.00	Director	$0	$0	$0
CHUTZE CHOU	DIRECTOR	2.00	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	$945,992	$11,901	$6,173,437	$934,091
2023	$429,558	$4,034	$5,293,627	$425,524
2022	$354,559	$8,800	$4,891,190	$345,759
2021	$211,297	$15,470	$4,632,952	$195,827
2020	$142,048	$196	$4,406,400	$141,852
2020	$422,158	$2,396	$4,378,419	$419,762
2019	$355,897	$736	$3,989,507	$355,161
2018	$282,124	$72,818	$4,375,501	$209,306
2017	$34,820	$72,989	$4,166,195	$-38,169

CHINESE ECONOMIC DEVELOPMENT COUNCIL INC