KWONG KOW CHINESE SCHOOL INC (EIN 042720327) - 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

1981

Legal Domicile

Principal Officer

STEPHEN CHAN

Phone

6174266716

Tax Period

2023-09-01 to 2024-08-31

KWONG KOW CHINESE SCHOOL INC, founded in 1981, is a community nonprofit that reported $1.8M in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $1.5M left a modest 14% surplus.

Mission

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

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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 (2023)

Revenue Breakdown

Contributions & Grants $779,766

Program Service Revenue $895,226

Investment Income $106,357

Other Revenue $-20,266

TOTAL REVENUE $1,761,083

Expense Breakdown

Grants Paid $0

Salaries & Benefits $977,779

Fundraising Expenses $0

Program Expenses $987,056

Other Expenses $533,355

TOTAL EXPENSES $1,511,134

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,761,083	$1,533,737	+0.1%
Expenses	$1,511,134	$1,181,415	+0.3%
Net Income	$249,949	$352,322	-0.3%

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

$89,077

Total Directors

$89,077

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAUL CHAN	DIRECTOR	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
FRANK CHIN	FORMER DIRECTOR (THROUGH SEPTEMBER 2023)	1.00	Director	$0	$0	$0
WILLIAM D CHIN	DIRECTOR	1.00	Director	$0	$0	$0
LILY CHU	DIRECTOR	1.00	Director	$0	$0	$0
LINDA HUANG	CLERK & DIRECTOR	3.00	Director	$0	$0	$0
PING JUNG HUANG	FORMER ASSISTANT CLERK/SCHOOL PRIN	3.00	Officer Director	$89,077	$0	$89,077
CAVAY IP	DIRECTOR	1.00	Director	$0	$0	$0
JOHN LEUNG	PRESIDENT & DIRECTOR	3.00	Officer Director	$0	$0	$0
KWOK FAI LUI	VICE CHAIR & DIRECTOR	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	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	3.00	Officer 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	$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

KWONG KOW CHINESE SCHOOL INC