HONG KONG DRAGON BOAT FESTIVAL IN NEW YORK INC (EIN 133716785) - 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

Phone

7187671776

Tax Period

2024-01-01 to 2024-12-31

HONG KONG DRAGON BOAT FESTIVAL IN NEW YORK INC, founded in 1992, is a small nonprofit in the Arts, Culture & Humanities sector that reported $597K in total revenue in fiscal year 2024. Revenue surged 26% from the prior year, signaling strong growth momentum.

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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 $594,588

Program Service Revenue $0

Investment Income $2,797

Other Revenue $0

TOTAL REVENUE $597,385

Expense Breakdown

Grants Paid $0

Salaries & Benefits $103,750

Fundraising Expenses $124,134

Program Expenses $367,668

Other Expenses $502,043

TOTAL EXPENSES $605,793

Year-over-Year Comparison

	2024	2023	Change
Revenue	$597,385	$475,078	+0.3%
Expenses	$605,793	$455,103	+0.3%
Net Income	$-8,408	$19,975	-1.4%

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

200

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
HENRY WAN	Chairman	10.00	Officer Director	$0	$0	$0
HO MAISIE	Director	10.00	Director	$0	$0	$0
JUNE JEE	Director	10.00	Director	$0	$0	$0
LAW ANSON	Director	10.00	Director	$0	$0	$0
HO LINDA	Director	10.00	Director	$0	$0	$0
YOUNG VANCE	Secretary	10.00	Director	$0	$0	$0
Regina Lai	Director	10.00	Director	$0	$0	$0
Judy Ng	Director	10.00	Director	$0	$0	$0
LAU JOSEPH	Director	10.00	Officer Director	$0	$0	$0
MA AYESHA	Director	10.00	Director	$0	$0	$0
LIN CHARLES	Director	10.00	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
2025	No data	No data	No data	No data
2024	$597,385	$605,793	$312,204	$-8,408
2023	$475,078	$455,103	$330,737	$19,975
2022	$348,683	$494,322	$300,337	$-145,639
2021	$361,215	$241,365	$442,776	$119,850
2020	$204,609	$84,530	$321,426	$120,079
2019	$489,737	$460,870	$209,195	$28,867
2018	$524,448	$482,871	$177,180	$41,577

HONG KONG DRAGON BOAT FESTIVAL IN NEW YORK INC