NEW YORK COLLEGE OF TRADITIONAL CH… - Form 990 Financial Data

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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

DR YEMENG CHEN

Phone

5167391545

Tax Period

2023-01-01 to 2023-12-31

NEW YORK COLLEGE OF TRADITIONAL CHINESE MEDICINE, founded in 1996, is a community nonprofit in the Education sector that reported $3.0M in total revenue in fiscal year 2023.

Mission

TO OFFER POSTSECONDARY EDUCATION IN ACUPUNCTURE AND CHINESE HERBAL MEDICINE

Program Service Accomplishments

Program 1

Expenses: $2,310,985 Revenue: $2,796,159

POSTSECONDARY EDUCATION IN ACUPUNCTURE AND CHINESE HERBAL MEDICINE: PRIMARY EDUCATIONAL PROGRAMS CONSIST OF DEGREE PROGRAMS THAT PREPARE GRADUATES FOR LICENSURE AND COMPETENT PROFESSIONAL PRACTICE OF CHINESE ACUPUNCTURE AND HERBOLOGY. EDUCATIONAL PROGRAMS INCLUDE CLINIC PROGRAMS, WHICH ARE ESSENTIAL TO ALLOW STUDENTS TO PRACTICE TECHNIQUES IN A PATIENT SETTING, AND SEMINARS AND CLASSES THAT INFORM THE PUBLIC ABOUT CHINESE ACUPUNCTURE AND HERBOLOGY.

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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 $63,164

Program Service Revenue $2,796,159

Investment Income $170,314

Other Revenue $0

TOTAL REVENUE $3,029,637

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,110,134

Fundraising Expenses $0

Program Expenses $2,310,985

Other Expenses $1,081,332

TOTAL EXPENSES $3,191,466

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,029,637	$2,990,222	+0.0%
Expenses	$3,191,466	$3,269,422	0.0%
Net Income	$-161,829	$-279,200	-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

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

$396,983

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MS LOIS BECKERMAN	TRUSTEE, CHAIRMAN	1.00	Officer Director	$0	$0	$0
MS CAROLE ROBLE CPA	TRUSTEE, VICE CHAIR	1.00	Officer Director	$0	$0	$0
DR JAMES BARE	TRUSTEE	1.00	Director	$0	$0	$0
MR LAWRENCE JONES	TRUSTEE	1.00	Director	$0	$0	$0
MR STEVE LEGUM	TRUSTEE	1.00	Director	$0	$0	$0
DR SUN F PEI	TRUSTEE	1.00	Director	$0	$0	$0
DR ARNOLD STERN	TRUSTEE	1.00	Director	$0	$0	$0
DR LIBANG ZHANG	TRUSTEE	1.00	Director	$0	$0	$0
MS SAWANEE KHONGSAWATWAJA MS	TRUSTEE	1.00	Director	$0	$0	$0
DR YEMENG CHEN	PRESIDENT	40.00	Officer	$187,420	$10,412	$197,832
DR MEGAN HAUNGS	ACADEMIC DEAN	40.00	Officer	$107,692	$0	$107,692
DR DONG-HUA YANG	ADMINISTRATIVE DEAN	40.00	Officer	$91,459	$0	$91,459

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	$3,029,637	$3,191,466	$7,927,311	$-161,829
2022	$2,990,222	$3,269,422	$8,683,019	$-279,200
2021	$4,024,503	$3,442,926	$5,746,257	$581,577
2020	$3,906,734	$3,128,483	$5,226,489	$778,251
2019	$3,418,114	$2,781,346	$4,490,033	$636,768
2018	$3,011,788	$2,740,454	$3,796,672	$271,334

NEW YORK COLLEGE OF TRADITIONAL CHINESE MEDICINE