NI LUN WELFARE ASSOCIATION INC (EIN 046142561) - 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

1960

Legal Domicile

Principal Officer

WILSON TONG

Phone

6173389526

Tax Period

2023-01-01 to 2023-12-31

NI LUN WELFARE ASSOCIATION INC, founded in 1960, is a small nonprofit that reported $164K in total revenue in fiscal year 2023. Revenue surged 68% from the prior year, signaling strong growth momentum. The organization ran a surplus of $43K, a strong 26% operating margin.

Mission

Promote civic and social betterment programs directly related to members and their families assist new immigrants and their families maintain shelter for aged, needy and infirmed members.

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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 $21,600

Program Service Revenue $0

Investment Income $7,024

Other Revenue $135,001

TOTAL REVENUE $163,625

Expense Breakdown

Grants Paid $16,840

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $32,863

Other Expenses $103,573

TOTAL EXPENSES $120,413

Year-over-Year Comparison

	2023	2022	Change
Revenue	$163,625	$97,207	+0.7%
Expenses	$120,413	$87,292	+0.4%
Net Income	$43,212	$9,915	+3.4%

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

N/A

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
Wilson Tong	President	010.00	Officer Director	$0	$0	$0
Raymond Cheng	Treasurer	010.00	Officer Director	$0	$0	$0
William Chan	Clerk	010.00	Officer Director	$0	$0	$0
Yin Chi Wong	Director	010.00	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
2024	No data	No data	No data	No data
2023	$163,625	$120,413	$704,422	$43,212
2022	$97,207	$87,292	$661,208	$9,915
2021	$75,919	$69,562	$651,293	$6,357
2020	$202,104	$106,804	$635,333	$95,300
2019	$110,564	$92,765	$544,649	$17,799
2018	$105,929	$89,751	$526,928	$16,178

NI LUN WELFARE ASSOCIATION INC