Chinese Promise Baptist Church New York Inc (EIN 113126231) - 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

1992

Legal Domicile

Principal Officer

Samuel Wong

Phone

7188335113

Tax Period

2023-01-01 to 2023-12-31

Chinese Promise Baptist Church New York Inc, founded in 1992, is a small nonprofit that reported $253K in total revenue in fiscal year 2023. Revenue surged 69% from the prior year, signaling strong growth momentum. The organization ran a surplus of $76K, a strong 30% operating margin.

Mission

To cultivate the Christian life of laymen through study,worship, fellowship and service.

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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 $174,778

Program Service Revenue $0

Investment Income $78,086

Other Revenue $0

TOTAL REVENUE $252,864

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $177,283

Other Expenses $177,283

TOTAL EXPENSES $177,283

Year-over-Year Comparison

	2023	2022	Change
Revenue	$252,864	$149,230	+0.7%
Expenses	$177,283	$174,345	+0.0%
Net Income	$75,581	$-25,115	-4.0%

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

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
Rev Samuel Wong	Senior Pastor	040.00	Officer Director	$0	$0	$0
Katty Lai Fong Wong	secretary/ Treasurer	002.00	Director	$0	$0	$0
CheeYee Wong-Moit	Trustee	001.00	Director	$0	$0	$0
Yun Po Chung	Trustee	001.00	Director	$0	$0	$0
Kuan Fong Lam	Trustee	001.00	Director	$0	$0	$0
Pui Shan Hui	Trustee	001.00	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
2023	$252,864	$177,283	$5,415,624	$75,581

Chinese Promise Baptist Church New York Inc