FUNCTIONAL LIFE ACHIEVEMENT INC (EIN 113270191) - 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

1996

Legal Domicile

Principal Officer

MARIAN SHENG

Phone

2126838905

Tax Period

2023-01-01 to 2023-12-31

FUNCTIONAL LIFE ACHIEVEMENT INC, founded in 1996, is a mid-sized nonprofit in the Human Services sector that reported $10.2M in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. Net assets of $28.9M represent 34 months of operating reserves.

Mission

THE ORGANIZATION PROVIDES SERVICES TO CHILDREN WHO HAVE DEVELOPMENTAL DELAY.

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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 $0

Program Service Revenue $9,659,794

Investment Income $188,872

Other Revenue $371,453

TOTAL REVENUE $10,220,119

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,889,379

Fundraising Expenses $0

Program Expenses $8,491,341

Other Expenses $6,811,080

TOTAL EXPENSES $10,700,459

Year-over-Year Comparison

	2023	2022	Change
Revenue	$10,220,119	$9,268,199	+0.1%
Expenses	$10,700,459	$9,783,315	+0.1%
Net Income	$-480,340	$-515,116	-0.1%

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

N/A

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

$844,988

Total Directors

$745,442

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARIAN SHENG	EXECUTIVE DIRECTOR	40.00	Officer Director	$372,786	$0	$372,786
JILIN YIN	TREASURER	40.00	Officer Director	$372,656	$0	$372,656
SHEUT L HNG	SECRETARY	40.00	Officer	$99,546	$0	$99,546
MONA WONG	SERVICE COORDINATOR	40.00	Highest	$140,703	$0	$140,703
STELLA YIN	SPEECH THERAPIST	40.00	Highest	$144,939	$0	$144,939
ARKADIY BORUKHOV	SERVICE COORDINATOR	40.00	Highest	$150,178	$0	$150,178
MARK BORUKHOV	EI PROGRAM SUPPORT	40.00	Highest	$112,206	$0	$112,206

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	$10,220,119	$10,700,459	$28,913,467	$-480,340
2022	$9,268,199	$9,783,315	$29,413,232	$-515,116
2021	$11,056,116	$9,722,207	$29,963,902	$1,333,909
2020	$10,720,764	$10,419,554	$29,405,540	$301,210
2019	$13,530,841	$12,249,377	$28,445,759	$1,281,464
2018	$13,464,147	$12,366,547	$27,094,417	$1,097,600

FUNCTIONAL LIFE ACHIEVEMENT INC