GREATER BOSTON CHINESE CULTURAL ASSOCIATION INC (EIN 046144186) - 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

1963

Legal Domicile

Principal Officer

FRANCESCA MEI

Phone

6173320377

Tax Period

2024-01-01 to 2024-12-31

GREATER BOSTON CHINESE CULTURAL ASSOCIATION INC, founded in 1963, is a small nonprofit that reported $528K in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion. The organization ran a surplus of $180K, a strong 34% operating margin.

Mission

TO PROMOTE PUBLIC AWARENESS OF CHINESE CULTURE AND HERITAGE. TO ENHANCE THE WELL-BEING AND SOCIAL STANDING OF CHINESE AMERICANS. TO PROVIDE AN ENVIRONMENT FOR PEOPLE TO LEARN CHINESE CULTURE, LANGUAGE AND ARTS.

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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 $19,176

Program Service Revenue $387,539

Investment Income $118,872

Other Revenue $2,356

TOTAL REVENUE $527,943

Expense Breakdown

Grants Paid $0

Salaries & Benefits $63,329

Fundraising Expenses $0

Program Expenses $296,107

Other Expenses $284,945

TOTAL EXPENSES $348,274

Year-over-Year Comparison

	2024	2023	Change
Revenue	$527,943	$463,336	+0.1%
Expenses	$348,274	$339,057	+0.0%
Net Income	$179,669	$124,279	+0.4%

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

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
NING CHAO	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
SANG CLAXTON	DIRECTOR	2.00	Director	$0	$0	$0
SONG-MEI KEYES	DIRECTOR	2.00	Director	$0	$0	$0
CHAOQIANG LAI	DIRECTOR	2.00	Director	$0	$0	$0
RENNE CHEN LU	DIRECTOR	2.00	Director	$0	$0	$0
FRANCESCA MEI	PRESIDENT	4.00	Officer Director	$0	$0	$0
TAI-CHUN PAN	DIRECTOR	2.00	Director	$0	$0	$0
YAUWU TANG	DIRECTOR	2.00	Director	$0	$0	$0
SIE-MING WEI	TREASURER	4.00	Officer Director	$0	$0	$0
SHIRLEY WONG	DIRECTOR	2.00	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	$527,943	$348,274	$2,475,413	$179,669
2023	$463,336	$339,057	$2,189,288	$124,279
2022	$205,942	$309,523	$1,916,549	$-103,581
2021	$249,650	$189,203	$2,100,728	$60,447
2020	$191,917	$149,317	$1,911,214	$42,600
2019	$481,113	$429,114	$1,787,362	$51,999
2018	$556,416	$422,903	$1,567,188	$133,513

GREATER BOSTON CHINESE CULTURAL ASSOCIATION INC