CHINESE CONSOLIDATED BENEVOLENT ASSOCIATION OF NEW ENGLAND INC (EIN 042735267) - 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

1923

Legal Domicile

Principal Officer

FELIX LUI

Phone

6175422574

Tax Period

2023-01-01 to 2023-12-31

CHINESE CONSOLIDATED BENEVOLENT ASSOCIATION OF NEW ENGLAND INC, founded in 1923, is a community nonprofit in the Human Services sector that reported $4.2M in total revenue in fiscal year 2023. Revenue surged 39% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.4M, a strong 57% operating margin.

Mission

CCBA IS AN UMBRELLA ORGANIZATION OF THE CHINESE COMMUNITY IN NEW ENGLAND. ITS PURPOSE SHALL BE: TO UNITE ALL MEMBERS OF THE CHINESE COMMUNITY; TO PROMOTE AND PRESERVE CHINESE CULTURE AND TRADITION; TO FURTHER THE CAUSE OF FREEDOM AND DEMOCRACY; TO SAFEGUARD THE RIGHTS AND ENSURE EQUALITY OF MEMBERS OF THE CHINESE COMMUNITY; AND TO ENHANCE THE GENERAL WELFARE OF THE CHINESE 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 (2023)

Revenue Breakdown

Contributions & Grants $1,740,818

Program Service Revenue $2,360,224

Investment Income $133,252

Other Revenue $8,669

TOTAL REVENUE $4,242,963

Expense Breakdown

Grants Paid $0

Salaries & Benefits $293,915

Fundraising Expenses $0

Program Expenses $1,646,879

Other Expenses $1,535,598

TOTAL EXPENSES $1,829,513

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,242,963	$3,052,816	+0.4%
Expenses	$1,829,513	$1,781,209	+0.0%
Net Income	$2,413,450	$1,271,607	+0.9%

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

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

$35,018

Total Directors

$19,200

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FELIX LUI	PRESIDENT	4.00	Officer Director	$4,800	$0	$4,800
PAULA CHAN	TREASURER	4.00	Officer Director	$3,600	$0	$3,600
MEGAN CHEUNG	AUDITOR	4.00	Officer Director	$3,600	$0	$3,600
LARRY YOUNG	CHINESE SECRETARY	4.00	Officer Director	$3,600	$0	$3,600
HUNG GOON	ENGLISH SECRETARY	4.00	Officer Director	$3,600	$0	$3,600
NICHOLAS YOU	DIRECTOR	1.00	Director	$0	$0	$0
DAVID HUI	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT LEUNG	DIRECTOR	1.00	Director	$0	$0	$0
WANCHIN CHOU	DIRECTOR	1.00	Director	$0	$0	$0
JAMES CHAN	DIRECTOR	1.00	Director	$0	$0	$0
ALICE LEE	DIRECTOR	1.00	Director	$0	$0	$0
JING WOO	DIRECTOR	1.00	Director	$0	$0	$0
CHUNGCHI CHE	DIRECTOR	1.00	Director	$0	$0	$0
ARTHUR SOOHOO	DIRECTOR	1.00	Director	$0	$0	$0
HELEN KWONG	DIRECTOR	1.00	Director	$0	$0	$0
JENNY LUI	DIRECTOR	1.00	Director	$0	$0	$0
LAURA CHAN	DIRECTOR	1.00	Director	$0	$0	$0
PETER CHAN	DIRECTOR	1.00	Director	$0	$0	$0
JOHN KYI	DIRECTOR	1.00	Director	$0	$0	$0
NICK CHAU	DIRECTOR	1.00	Director	$0	$0	$0
SUSAN YAN	DIRECTOR	1.00	Director	$0	$0	$0
WEI CHANG RUAN	DIRECTOR	1.00	Director	$0	$0	$0
ROSEMARY YEE	DIRECTOR	1.00	Director	$0	$0	$0
PAUL CHAN	DIRECTOR	1.00	Director	$0	$0	$0
THERESA TSOI	DIRECTOR	1.00	Director	$0	$0	$0
EDDIE LEE	DIRECTOR	1.00	Director	$0	$0	$0
DAVID LI	DIRECTOR	1.00	Director	$0	$0	$0
MATTHEW SETO	DIRECTOR	1.00	Director	$0	$0	$0
LISA KWAN	DIRECTOR	1.00	Director	$0	$0	$0
RAYMOND ENG	DIRECTOR	1.00	Director	$0	$0	$0
RAYMOND CHENG	DIRECTOR	1.00	Director	$0	$0	$0
BETTY WING	DIRECTOR	1.00	Director	$0	$0	$0
ARTHUR CHI	DIRECTOR	1.00	Director	$0	$0	$0
GILBERT HO	DIRECTOR	1.00	Director	$0	$0	$0
YUAN JIE KUANG	DIRECTOR	1.00	Director	$0	$0	$0
SHAO PEI HUANG	DIRECTOR	1.00	Director	$0	$0	$0
SUSAN GOON	DIRECTOR	1.00	Director	$0	$0	$0
PATRICIA BARNWELL	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL WONG	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL KY WONG	DIRECTOR	1.00	Director	$0	$0	$0
RICK WONG	DIRECTOR	1.00	Director	$0	$0	$0
JACK YU	DIRECTOR	1.00	Director	$0	$0	$0
WARREN YEE	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD CHEN	DIRECTOR	1.00	Director	$0	$0	$0
RICK MOY	DIRECTOR	1.00	Director	$0	$0	$0
ROMAN CHAN	DIRECTOR	1.00	Director	$0	$0	$0
SUSAN CHU	EXECUTIVE DIRECTOR	40.00	Officer	$15,818	$0	$15,818

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	No data	No data	No data	No data
2023	$4,242,963	$1,829,513	$20,597,088	$2,413,450
2022	$11,664,057	$10,391,209	$18,505,522	$1,272,848
2022	$3,052,816	$1,781,209	$18,504,281	$1,271,607
2021	$2,420,884	$1,572,213	$14,921,911	$848,671
2020	$2,384,040	$1,580,429	$14,236,527	$803,611
2019	$2,432,429	$1,589,873	$13,568,094	$842,556
2018	$2,480,604	$1,555,933	$12,851,237	$924,671

CHINESE CONSOLIDATED BENEVOLENT ASSOCIATION OF NEW ENGLAND INC