THE LEE TOWE MEMORIAL ASSOCIATION … - 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

1946

Legal Domicile

Principal Officer

ROBERT GEE

Tax Period

2024-01-01 to 2024-12-31

THE LEE TOWE MEMORIAL ASSOCIATION INC, founded in 1946, is a micro nonprofit that reported $21K in total revenue in fiscal year 2024. The organization ran a surplus of $6K, a strong 31% operating margin.

Mission

MENTOR & TUTORIAL PROGRAMS

Program Service Accomplishments

Program 1

Expenses: $13,225

THE PURPOSE OF WHICH IS TO PROMOTE RELIGION, CHINESE CULTURE AND HERITAGES AMONG THE CHINESE COMMUNITY AND TO HONOR THE MEMORY OF REVEREND LEE TOWE

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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 $55

Program Service Revenue $0

Investment Income $20,535

Other Revenue $1

TOTAL REVENUE $20,591

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $13,225

Other Expenses $14,225

TOTAL EXPENSES $14,225

Year-over-Year Comparison

	2024	2023	Change
Revenue	$20,591	$20,216	+0.0%
Expenses	$14,225	$21,850	-0.3%
Net Income	$6,366	$-1,634	-4.9%

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT GEE	PRESIDENT	3.00	Officer	$0	$0	$0
PETER LEUNG	VICE PRESIDE	3.00	Officer	$0	$0	$0
GARY QUAN	TREASURER	3.00	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
2024	$20,591	$14,225	$695,495	$6,366
2023	$20,216	$21,850	$689,129	$-1,634
2022	$20,149	$15,564	$690,763	$4,585
2021	$20,857	$33,517	$686,178	$-12,660
2020	$20,553	$15,853	$698,838	$4,700
2019	$20,250	$13,948	$694,138	$6,302
2018	$19,590	$14,144	$687,836	$5,446

THE LEE TOWE MEMORIAL ASSOCIATION INC