CHINATOWN HEALTH CLINIC FOUNDATION INC

EIN: 133808933 501(c)(3) Philanthropy & Grantmaking

NEW YORK, NY

Total Revenue
$3,746,305
Total Expenses
$2,191,325
Total Assets
$40,632,187
Net Assets
$25,933,537
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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
1994
Legal Domicile
NY
Principal Officer
RAYMOND FONG MD
Phone
2123796988
Tax Period
2023-01-01 to 2023-12-31

CHINATOWN HEALTH CLINIC FOUNDATION INC, founded in 1994, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $3.7M in total revenue in fiscal year 2023. The organization ran a surplus of $1.6M, a strong 42% operating margin.

Mission

TO IMPROVE THE HEALTH CONDITIONS OF THE ASIAN AMERICAN COMMUNITY IN THE GREATER NY METROPOLITAN AREA MANNER THAT IS CULTURALLY RELEVANT AND RESPECTFUL OF THE INDIVIDUAL'SDIGNITY, AND TO SUPPORT AND BENEFIT CHARLES B. WANG COMMUNITY HEALTH CENTER, INC., A NEW YORK NOT-FOR-PROFIT CORPORATION, THAT PROVIDES A BROAD RANGE OF HEALTH SERVICES TO A LARGELY MEDICALLY UNDERSERVED POPULATION, BY CONDUCTING ACTIVITIES THAT INCLUDE FUND-RAISING, PUBLICEDUCATION AND RESEARCH, COMMUNITY AWARENESS AND PLANNING, AND POLICY-MAKING RELATED TO HEALTHCARE SERVICES IN THE COMMUNITY.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,297,370
Program Service Revenue $2,208,000
Investment Income $292,020
Other Revenue $-51,085
TOTAL REVENUE $3,746,305

Expense Breakdown

Grants Paid $412,579
Salaries & Benefits $0
Fundraising Expenses $313,147
Program Expenses $1,553,945
Other Expenses $1,778,746
TOTAL EXPENSES $2,191,325

Year-over-Year Comparison

2023 2022 Change
Revenue $3,746,305 $3,713,366 +0.0%
Expenses $2,191,325 $1,718,955 +0.3%
Net Income $1,554,980 $1,994,411 -0.2%
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

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Governance

Voting Members
11
Independent Members
11
Employees
N/A
Volunteers
11

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
6
$74,873
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JANE T ENG ESQ BOARD MEMBER 1.00
Director
$0 $0 $0
KENNETH CHIN ESQ BOARD MEMBER 1.00
Director
$0 $0 $0
MARIE LAM VICE-PRESIDENT 1.00
Officer Director
$0 $0 $0
MARY CHAN BOARD MEMBER 1.00
Director
$0 $0 $0
MICHAEL CHANG BOARD MEMBER 1.00
Director
$0 $0 $0
MIRANDA WONG TANG BOARD MEMBER 1.00
Director
$0 $0 $0
PAK CHUNG MD SECRETARY 1.00
Officer Director
$0 $0 $0
RAYMONG FONG MD PRESIDENT 1.00
Officer Director
$0 $0 $0
ROBERT CHANG BOARD MEMBER 1.00
Director
$0 $0 $0
SANDRA LEE KAWANO BOARD MEMBER 1.00
Director
$0 $0 $0
SUSAN COLE TREASURER 1.00
Officer Director
$0 $0 $0
KAUSHAL CHALLA CHIEF EXECUTIVE OFFICER 2.00
Officer
$22,943 $5,736 $28,679
LYNN D SHERMAN CHIEF FINANCIAL OFFICER 3.50
Officer
$36,955 $9,239 $46,194
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 $3,746,305 $2,191,325 $40,632,187 $1,554,980
2022 $3,713,366 $1,718,955 $37,622,145 $1,994,411
2021 $3,516,932 $1,666,681 $39,243,910 $1,850,251
2020 $3,123,864 $1,671,704 $37,242,345 $1,452,160
2019 $5,968,265 $11,811,565 $35,968,049 $-5,843,300
2018 $4,249,173 $1,964,567 $43,893,451 $2,284,606
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