ASIAN NEW LIFE FOUNDATION INC (EIN 200089985) - 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

Principal Officer

HENRY KANG

Phone

5165514180

Tax Period

2024-06-01 to 2025-05-31

ASIAN NEW LIFE FOUNDATION INC is a micro nonprofit in the Health Care sector that reported $19K in total revenue in fiscal year 2024. Revenue fell 41% from the prior year — a significant decline worth monitoring. Expenses of $17K left a modest 9% surplus.

Mission

THE GOAL OF THE FOUNDATION IS TO HELP IMMIGRANT PATIENTS NAVIGATE THE COMPLEX SYSTEM OF MEDICAL TECHNOLOGY AND PERSONNEL TOWRDS OBTAINING THE BEST POSSIBLE CARE WHEN A LIFE-THREATENING ILLNESS OCCURS. THE FOUNDATION WOULD ALSO OFFER FINANCIAL SUPPORT AND COUNSELING TO PATIENTS AND FAMILY ON A NEED BASIS.

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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 $14,500

Program Service Revenue $0

Investment Income $4,378

Other Revenue $0

TOTAL REVENUE $18,878

Expense Breakdown

Grants Paid $8,500

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $8,500

Other Expenses $8,597

TOTAL EXPENSES $17,097

Year-over-Year Comparison

	2024	2023	Change
Revenue	$18,878	$32,061	-0.4%
Expenses	$17,097	$25,085	-0.3%
Net Income	$1,781	$6,976	-0.7%

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

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
HENRY KANG	PRESIDENT	N/A	Director	$0	$0	$0
SUNNY KANG	DIRECTOR	N/A	Director	$0	$0	$0
JU-YOUNG YO	DIRECTOR	N/A	Director	$0	$0	$0
JAMES YOO	TREASURER	N/A	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	$18,878	$17,097	$114,606	$1,781
2024	$32,061	$25,085	$112,825	$6,976
2023	$27,471	$24,862	$105,849	$2,609
2022	$1,152	$11,044	$103,240	$-9,892
2021	$3,583	$5,633	$113,132	$-2,050
2020	$14,386	$8,724	$109,434	$5,662
2019	$19,705	$19,770	$103,772	$-65

ASIAN NEW LIFE FOUNDATION INC