CHUNG WAH ACADEMY OF NEW ENGLAND (EIN 043529419) - 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

2000

Legal Domicile

Phone

6177280089

Tax Period

2024-01-01 to 2024-12-31

CHUNG WAH ACADEMY OF NEW ENGLAND, founded in 2000, is a micro nonprofit in the Education sector that reported $68K in total revenue in fiscal year 2024. Revenue fell 64% from the prior year — a significant decline worth monitoring. Expenses of $122K exceeded revenue, resulting in a 79% operating deficit.

Mission

Its mission is to provide educational programs, promote Chinese Culture,enhance American multi-cultural understanding,and help students enter into mainstream American society.

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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 $0

Program Service Revenue $68,010

Investment Income $0

Other Revenue $0

TOTAL REVENUE $68,010

Expense Breakdown

Grants Paid $1,550

Salaries & Benefits $84,588

Fundraising Expenses $2,000

Program Expenses $88,955

Other Expenses $35,874

TOTAL EXPENSES $122,012

Year-over-Year Comparison

	2024	2023	Change
Revenue	$68,010	$190,891	-0.6%
Expenses	$122,012	$132,119	-0.1%
Net Income	$-54,002	$58,772	-1.9%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT LEUNG	Director	0.00	Director	$0	$0	$0
RAYMOND CHIN	Director	0.00	Director	$0	$0	$0
AI CHENG GOH	Secretary	0.00	Director	$0	$0	$0
ESTHER LEE	Director	5.00	Officer	$0	$0	$0
LIU HONG	President	5.00	Officer	$0	$0	$0
JOSEPH WONG	Treasurer	5.00	Officer	$0	$0	$0
DICK WONG	Vice President	5.00	Officer	$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	$68,010	$122,012	$50,873	$-54,002
2023	$190,891	$132,119	$105,185	$58,772
2022	$83,270	$81,039	$123,206	$2,231
2021	$9,324	$91,307	$120,975	$-81,983
2020	$147,162	$193,787	$163,161	$-46,625
2019	$293,988	$313,896	$160,709	$-19,908
2018	$304,205	$320,541	$204,405	$-16,336

CHUNG WAH ACADEMY OF NEW ENGLAND