CHINESE PROGRESSIVE ASSOCIATION (EIN 042631569) - 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

1982

Legal Domicile

Principal Officer

VIVIAN WU WONG

Phone

6173574499

Tax Period

2024-07-01 to 2025-06-30

CHINESE PROGRESSIVE ASSOCIATION, founded in 1982, is a community nonprofit that reported $1.9M in total revenue in fiscal year 2024. The organization ran a surplus of $753K, a strong 39% operating margin.

Mission

SERVICES AND ADVOCACY FOR MEMBERS OF THE CHINESE AMERICAN COMMUNITY

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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 $1,799,181

Program Service Revenue $41,119

Investment Income $72,531

Other Revenue $12,329

TOTAL REVENUE $1,925,160

Expense Breakdown

Grants Paid $11,750

Salaries & Benefits $730,354

Fundraising Expenses $47,451

Program Expenses $773,764

Other Expenses $416,653

TOTAL EXPENSES $1,172,257

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,925,160	$1,923,902	+0.0%
Expenses	$1,172,257	$1,154,254	+0.0%
Net Income	$752,903	$769,648	0.0%

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

Volunteers

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

$130,671

Total Directors

$2,720

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANN HAR-YEE WONG	VICE PRESIDENT	3.00	Officer Director	$0	$0	$0
WAYNE YEH	PRESIDENT	3.00	Officer Director	$0	$0	$0
HOWARD WONG	TREASURER	3.00	Officer Director	$0	$0	$0
XIAOYIN QIU	CLERK	3.00	Officer Director	$0	$0	$938
SARAH WANG	FORMER CLERK	3.00	Officer Director	$0	$0	$0
BIHUA HUANG	BOARD MEMBER	3.00	Director	$0	$0	$704
JIAN HUA TANG	BOARD MEMBER	3.00	Director	$0	$0	$0
XUE YUN ZHANG	BOARD MEMBER	3.00	Director	$0	$0	$0
FIONA YU	BOARD MEMBER	3.00	Director	$0	$0	$0
XIU XIA HUANG	BOARD MEMBER	3.00	Director	$0	$0	$1,078
ANNIE WANG	FORMER BOARD MEMBER	3.00	Director	$0	$0	$0
KAREN CHEN	EXECUTIVE DIRECTOR	39.00	Officer	$100,123	$26,365	$129,733

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
2025	$1,925,160	$1,172,257	$6,012,635	$752,903
2024	No data	No data	No data	No data
2023	$1,727,512	$979,724	$4,423,267	$747,788
2022	$1,716,603	$827,474	$3,666,662	$889,129
2022	$1,716,603	$844,139	$3,666,662	$872,464
2021	$1,504,931	$1,281,143	$2,893,007	$223,788
2020	$1,337,046	$1,487,782	$2,634,207	$-150,736
2019	$1,140,843	$1,235,501	$2,690,099	$-94,658
2018	$1,513,955	$894,274	$2,764,311	$619,681

CHINESE PROGRESSIVE ASSOCIATION