CHARLES B WANG COMMUNITY HEALTH CE… - 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

1972

Legal Domicile

Principal Officer

KAUSHAL CHALLA

Phone

2123796988

Tax Period

2024-01-01 to 2024-12-31

CHARLES B WANG COMMUNITY HEALTH CENTER INC, founded in 1972, is a mid-sized nonprofit in the Health Care sector that reported $99.6M in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion.

Mission

PROVIDE HIGH QUALITY AND AFFORDABLE HEALTH CARE TO ALL, BUILDING OUR HERITAGE OF SUCCESS IN CARING FOR UNDERSERVED ASIAN AMERICANS.

Program Service Accomplishments

Program 1

Expenses: $83,088,983 Revenue: $66,366,774

THE ORGANIZATION OPERATED A FEDERALLY QUALIFIED HEALTH CENTER, PROVIDE HIGH QUALITY AND AFFORDABLE HEALTH CARE TO ALL, BUILDING OUR HERITAGE OF SUCCESS IN CARING FOR UNDERSERVED ASIAN AMERICANS...

THE ORGANIZATION OPERATED A FEDERALLY QUALIFIED HEALTH CENTER, PROVIDE HIGH QUALITY AND AFFORDABLE HEALTH CARE TO ALL, BUILDING OUR HERITAGE OF SUCCESS IN CARING FOR UNDERSERVED ASIAN AMERICANS, PROVIDING 289,126 VISITS IN 2024.

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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 $19,612,207

Program Service Revenue $61,109,820

Investment Income $13,585,068

Other Revenue $5,256,954

TOTAL REVENUE $99,564,049

Expense Breakdown

Grants Paid $0

Salaries & Benefits $72,443,980

Fundraising Expenses $0

Program Expenses $83,088,983

Other Expenses $25,239,055

TOTAL EXPENSES $97,683,035

Year-over-Year Comparison

	2024	2023	Change
Revenue	$99,564,049	$86,472,349	+0.2%
Expenses	$97,683,035	$86,810,288	+0.1%
Net Income	$1,881,014	$-337,939	-6.6%

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

806

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

$1,957,928

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHUEN L YEE MD	CHAIRPERSON	4.00	Officer Director	$0	$0	$0
EDWARD CHEN	BOARD MEMBER	2.00	Director	$0	$0	$0
IRENE CHU	BOARD MEMBER	2.00	Director	$0	$0	$0
JEANNE LEE JACKSON	BOARD MEMBER	2.00	Director	$0	$0	$0
JIMING LIANG	BOARD MEMBER	2.00	Director	$0	$0	$0
KENNY CHIN ESQ	BOARD MEMBER	2.00	Director	$0	$0	$0
KITTY CHEN	TREASURER	3.00	Officer Director	$0	$0	$0
LESLIE CHUANG MD	VICE CHAIRPERSON	3.00	Officer Director	$0	$0	$0
LINH MY AN	SECRETARY	3.00	Officer Director	$0	$0	$0
MARIE LAM	BOARD MEMBER	2.00	Director	$0	$0	$0
MARY AGNES PAN	BOARD MEMBER	2.00	Director	$0	$0	$0
OWH KIAN ONG	OUTGOING CHAIRPERSON	4.00	Officer Director	$0	$0	$0
PATRICIA MCSHARRY	BOARD MEMBER	2.00	Director	$0	$0	$0
PAULINE TSE	BOARD MEMBER	2.00	Director	$0	$0	$0
PHILIP CHONG JR	OUTGOING BOARD MEMBER	2.00	Director	$0	$0	$0
REGINA LEE ESQ	BOARD MEMBER	2.00	Director	$0	$0	$0
SOPHIA NG TSAO	BOARD MEMBER	2.00	Director	$0	$0	$0
STEPHANIE CHENG	BOARD MEMBER	2.00	Director	$0	$0	$0
VICKI TSE MD	BOARD MEMBER	2.00	Director	$0	$0	$0
VICTOR LEE	OUTGOING BOARD MEMBER	2.00	Director	$0	$0	$0
YVONNE GHAW	BOARD MEMBER	2.00	Director	$0	$0	$0
BETTY K CHENG	EVP & CHIEF OPERATING OFFICER	35.00	Officer	$331,321	$52,588	$383,909
DE YOUNG CHAN	CHIEF FINANCIAL OFFICER	33.25	Officer	$244,616	$20,601	$265,217
HYOSEONG N KIM	EVP & CHIEF MEDICAL OFFICER	35.00	Officer	$341,720	$25,348	$367,068
KAUSHAL CHALLA	CHIEF EXECUTIVE OFFICER	33.25	Officer	$477,441	$25,834	$503,275
LYNN D SHERMAN	EVP FINANCE , IT, CAPITAL PROJECTS & HR	31.50	Officer	$382,170	$56,289	$438,459
CHRISTINE J SHEN	SENIOR PEDIATRICIAN LEVEL II	35.00	Highest	$415,369	$46,516	$461,885
DU CHU WU	SENIOR INTERNIST LEVEL II	35.00	Highest	$429,738	$57,444	$487,182
JIEYING SHEN	SENIOR PEDIATRICIAN LEVEL II	35.00	Highest	$458,332	$47,387	$505,719
PERRY PONG	MEDICAL DIRECTOR OF EDUCATION & TRAINING	35.00	Highest	$375,031	$54,574	$429,605
XU HUANG	ASSISTANT MEDICAL DIRECTOR, 45TH AVENUE	35.00	Highest	$344,978	$51,417	$396,395

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	$99,564,049	$97,683,035	$217,232,992	$1,881,014
2023	$86,472,349	$86,810,288	$206,033,336	$-337,939
2022	$80,303,676	$75,118,255	$203,132,267	$5,185,421
2021	$118,467,923	$63,421,778	$110,483,270	$55,046,145
2020	$60,484,859	$58,624,895	$53,115,826	$1,859,964
2019	$77,770,290	$97,352,429	$50,711,571	$-19,582,139
2018	$65,218,084	$63,345,614	$70,153,796	$1,872,470

CHARLES B WANG COMMUNITY HEALTH CENTER INC