CREATE IN CHINATOWN INC (EIN 200434850) - 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

2003

Legal Domicile

Principal Officer

AMY CHIN

Phone

2125630392

Tax Period

2024-07-01 to 2025-06-30

CREATE IN CHINATOWN INC, founded in 2003, is a small nonprofit in the Arts, Culture & Humanities sector that reported $551K in total revenue in fiscal year 2024. Revenue fell 39% from the prior year — a significant decline worth monitoring. Expenses of $684K exceeded revenue, resulting in a 24% operating deficit.

Mission

FOSTER INTER-GENERATIONAL COMMUNITY THROUGH NEIGHBORHOOD ENGAGEMENT, STORYTELLING AND THE ARTS BY LISTENING, RESPONDING AND BUILDING CHINATOWNS CAPABILITIES AS A STRONG AND VIBRANT IMMIGRANT NEIGHBORHOOD IN NYC

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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 $439,331

Program Service Revenue $53,637

Investment Income $57,679

Other Revenue $24

TOTAL REVENUE $550,671

Expense Breakdown

Grants Paid $0

Salaries & Benefits $232,106

Fundraising Expenses $21,095

Program Expenses $542,428

Other Expenses $452,364

TOTAL EXPENSES $684,470

Year-over-Year Comparison

	2024	2023	Change
Revenue	$550,671	$903,313	-0.4%
Expenses	$684,470	$575,231	+0.2%
Net Income	$-133,799	$328,082	-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

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

$4,000

Key Employees

$87,400

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HAI YIN KONG	EXECUTIVE DIRECTOR / CO-FOUNDER	040.00	Key Emp	$80,000	$7,400	$87,400
KERRI CULHANE	DIRECTOR	003.00	Director	$4,000	$0	$4,000
AMY CHIN	PRESIDENT	015.00	Officer Director	$0	$0	$0
LILLIAN CHO	TREASURER	003.00	Officer Director	$0	$0	$0
KATHLEEN WAH LEE	SECRETARY	003.00	Officer Director	$0	$0	$0
OLYMPIA INGRISELLI-MOY	DIRECTOR / CO-FOUNDER	003.00	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	$550,671	$684,470	$2,134,181	$-133,799
2024	$903,313	$575,231	$2,363,736	$328,082
2023	$1,834,322	$469,786	$2,114,087	$1,364,536
2022	$440,218	$214,736	$507,910	$225,482
2021	$341,863	$127,061	$278,788	$214,802

CREATE IN CHINATOWN INC