Chinese Theatre Works Inc (EIN 112393789) - 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

1990

Legal Domicile

Principal Officer

Kuang Yu Fong

Phone

7183923493

Tax Period

2023-10-01 to 2024-09-30

Chinese Theatre Works Inc, founded in 1990, is a small nonprofit in the Arts, Culture & Humanities sector that reported $263K in total revenue in fiscal year 2023. Revenue decreased 15% compared to the prior year. Expenses of $306K exceeded revenue, resulting in a 17% operating deficit.

Mission

To preserve and promote the traditional Chinese performing arts (including opera, shadow theatre, puppetry, dance and music). To create new performance works that bridge Eastern and Western aesthetics and forms.To foster understanding and appreciation of Chinese culture in audiences, artists, students, scholars and educators around the globe.

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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 $169,498

Program Service Revenue $91,394

Investment Income $296

Other Revenue $1,510

TOTAL REVENUE $262,698

Expense Breakdown

Grants Paid $100

Salaries & Benefits $172,198

Fundraising Expenses $676

Program Expenses $171,719

Other Expenses $134,132

TOTAL EXPENSES $306,430

Year-over-Year Comparison

	2023	2022	Change
Revenue	$262,698	$309,197	-0.2%
Expenses	$306,430	$322,876	-0.1%
Net Income	$-43,732	$-13,679	+2.2%

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

$78,713

Total Directors

$78,713

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Kuang Yu Fong	Exec Director	40.00	Officer Director	$32,650	$0	$32,650
Junling Wang	Director	2.00	Director	$0	$0	$0
Stephen Kaplin	Treasurer	40.00	Officer Director	$46,063	$0	$46,063
Xiaoming Zhang	Director	2.00	Director	$0	$0	$0
Natalie Christo	President	2.00	Officer Director	$0	$0	$0
Virginia Wang	Director	2.00	Director	$0	$0	$0
Fanping Chen	Director	2.00	Director	$0	$0	$0
Vera Lai-Buonora	Director	2.00	Officer Director	$0	$0	$0
Jane Wei	Director	2.00	Director	$0	$0	$0
Richard Chang	Director	2.00	Director	$0	$0	$0
Benton Fairservis	Teviot	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	$262,698	$306,430	$221,030	$-43,732
2023	$309,197	$322,876	$269,587	$-13,679
2022	$314,240	$231,172	$344,859	$83,068
2021	$315,219	$200,992	$192,916	$114,227
2019	$242,999	$235,371	$61,314	$7,628
2018	$265,369	$249,138	$57,286	$16,231

Chinese Theatre Works Inc