KWONG KOW CHINESE SCHOOL INC

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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

1981

Legal Domicile

Principal Officer

STEPHEN CHAN

Phone

6174266716

Tax Period

2024-09-01 to 2025-08-31

KWONG KOW CHINESE SCHOOL INC, founded in 1981, is a community nonprofit that reported $1.7M in total revenue in fiscal year 2024. Net assets of $6.4M represent 45 months of operating reserves.

Mission

TO RESPOND TO THE EXPRESSED NEEDS OF THE BOSTON CHINATOWN COMMUNITY TO PROVIDE CHILDREN WITH KNOWLEDGE OF THE CHINESE LANGUAGE AND CULTURE.

Program Service Accomplishments

Program 1

Expenses: $997,686 Revenue: $808,623

THE KWONG KOW CHINESE SCHOOL'S MISSION IS TO DISSEMINATE CHINESE LANGUAGE AND CULTURE TO CHINESE AND NON-CHINESE LEARNERS THROUGH FORMAL AND INFORMAL LEARNING OPPORTUNITIES. THE SCHOOL REALIZES ITS MISSION BY:-DELIVERING CHINESE LANGUAGE AND CULTURAL PROGRAMS THAT CAPTURE THE INTEREST OF EARLY CHILDHOOD, YOUTH AND ADULT LEARNERS.-PROMOTING CULTURAL PRIDE AND IDENTITY FOR STUDENTS OF CHINESE DESCENT WHILE HELPING THEM BECOME CONTRIBUTING MEMBERS OF SOCIETY.-ENCOURAGING HUMAN UNDERSTANDING FROMA LOCAL TO GLOBAL PERSPECTIVE THROGH EXPOSURE TO CHINESE CUTURE AND CHINESE AS A SECOND LANGUAGE.

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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 $832,581

Program Service Revenue $808,623

Investment Income $109,841

Other Revenue $-39,023

TOTAL REVENUE $1,712,022

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,219,793

Fundraising Expenses $0

Program Expenses $997,686

Other Expenses $443,587

TOTAL EXPENSES $1,663,380

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,712,022	$1,761,083	0.0%
Expenses	$1,663,380	$1,511,134	+0.1%
Net Income	$48,642	$249,949	-0.8%

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

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
PAUL CHAN	DIRECTOR (THROUGH APRIL 2025)	1.00	Director	$0	$0	$0
STEPHEN CHAN	TREASURER & DIRECTOR	3.00	Officer Director	$0	$0	$0
DAVID CHIN	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM D CHIN	DIRECTOR (THROUGH JANUARY 2025)	1.00	Director	$0	$0	$0
LILY CHU	DIRECTOR	1.00	Director	$0	$0	$0
CAVAY IP	DIRECTOR	1.00	Director	$0	$0	$0
JOHN LEUNG	PRESIDENT & DIRECTOR (THROUGH AUGUST 2025)	3.00	Officer Director	$0	$0	$0
KWOK FAI LUI	VICE CHAIR & DIRECTOR (THROUGH NOVEMBER 2025)	3.00	Officer Director	$0	$0	$0
IRENE RUAN	DIRECTOR	1.00	Director	$0	$0	$0
LINDA SEE	DIRECTOR	1.00	Director	$0	$0	$0
MANYEE TANG	DIRECTOR (THROUGH MAY 2025)	1.00	Director	$0	$0	$0
CONNIE WONG	DIRECTOR	1.00	Director	$0	$0	$0
MARIA WONG	DIRECTOR	1.00	Director	$0	$0	$0
WINSTON WONG	DIRECTOR	1.00	Director	$0	$0	$0
LINA FIKRI	CLERK	1.00	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
2025	$1,712,022	$1,663,380	$6,520,074	$48,642
2024	$1,761,083	$1,511,134	$6,330,419	$249,949
2023	$1,533,737	$1,181,415	$5,770,923	$352,322
2022	$1,415,744	$924,831	$5,400,907	$490,913
2021	$810,025	$762,149	$5,138,148	$47,876
2020	$678,607	$732,198	$4,981,396	$-53,591
2019	$861,753	$764,713	$4,848,332	$97,040