THE AMERICAN FOUNDATION FOR CHINES… - 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

1988

Phone

9177107888

Tax Period

2022-01-01 to 2022-12-31

THE AMERICAN FOUNDATION FOR CHINESE MEDICINE INC, founded in 1988, is a small nonprofit that reported $131K in total revenue in fiscal year 2022. Revenue surged 20% from the prior year, signaling strong growth momentum. The organization ran a surplus of $37K, a strong 28% operating margin.

Mission

TO ADVANCE THE KNOWLEDGE OF CHINESE MEDICINE THROUGH EDUCATION AND SCIENTIFIC RESEARCH.

Program Service Accomplishments

Program 1

Expenses: $50,000

TO SUPPORT COLLABORATIVE RESEARCH WITH THE BREAST CENTER, MAIMONIDES MEDICAL CENTER IN BROOKLYN, NY ON A RESEARCH PROJECT ON CHINESE HERBS IN THE MANAGEMENT OF BREAST CANCER.

Program 2

Expenses: $24,000

TO SUPPORT RESEARCH GRANT ENTITLED "MANAGEMENT OF CHRONIC DISEASES AND CANCER WITH CHINESE HERBAL MEDICINE".

Program 3

Expenses: $19,138

TO SUPPORT ALL ASPECTS OF RESEARCH OPERATION IN THE FOUNDATION.

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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 (2022)

Revenue Breakdown

Contributions & Grants $90,155

Program Service Revenue $16,300

Investment Income $24,529

Other Revenue $0

TOTAL REVENUE $130,984

Expense Breakdown

Grants Paid $74,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $93,138

Other Expenses $20,438

TOTAL EXPENSES $94,438

Year-over-Year Comparison

	2022	2021	Change
Revenue	$130,984	$108,877	+0.2%
Expenses	$94,438	$85,299	+0.1%
Net Income	$36,546	$23,578	+0.6%

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

N/A

Employees

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
GEORGE WONG	President	Officer Director	$0	$0	$0
AYAJI MORITOMI	Trustee	Officer Director	$0	$0	$0
VICKI TIEL	Secretary	Officer Director	$0	$0	$0
CHRISTINA HOM	Treasurer	Officer	$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
2022	$130,984	$94,438	$1,522,739	$36,546
2021	$108,877	$85,299	$1,314,438	$23,578
2020	$148,666	$91,683	$1,171,122	$56,983
2019	$161,344	$112,018	$1,099,024	$49,326
2018	$71,042	$110,994	$1,053,482	$-39,952

THE AMERICAN FOUNDATION FOR CHINESE MEDICINE INC