THE MINNESOTA CHINA FRIENDSHIP GAR… - 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

2005

Legal Domicile

Principal Officer

WILLIAM ZAJICEK

Phone

7639134438

Tax Period

2019-01-01 to 2019-12-31

THE MINNESOTA CHINA FRIENDSHIP GARDEN SOCIETY, founded in 2005, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $31K in total revenue in fiscal year 2019. Revenue fell 94% from the prior year — a significant decline worth monitoring. Expenses of $88K exceeded revenue, resulting in a 188% operating deficit.

Mission

THE MINNESOTA CHINA FRIENDSHIP GARDEN SOCIETY WAS FOUNDED IN 2005 WITH THE MISSION TO CREATE CHINA FRIENDSHIP GARDENS IN MINNESOTA FOR THE ENJOYMENT, EDUCATION, AND BENEFIT OF THE PUBLIC, AND TO ENHANCE THE FRIENDSHIP AND UNDERSTANDING BETWEEN THE PEOPLES OF CHINA AND MINNESOTA.

Program Service Accomplishments

Program 1

Expenses: $81,127

THE FOCUS OF 2019 WAS ON THE CONTINUED CONSTRUCTION OF THE FIRST PHASE OF A MULTI-PHASE MULTI-YEAR LANDMARK PUBLIC ART PROJECT, THE ST. PAUL-CHANGSHA CHINA FRIENDSHIP GARDEN OF WHISPERING WILLOWS AND FLOWING WATERS AT PHALEN REGIONAL PARK. IN 2019, WE COMPLETED THE INSTALLATION OF THE ALL GRANITE WEST ENTRANCE ARCHWAY AND CONNECTING PATHWAY. THIS COMPLEMENTED THE HMONG HERITAGE WALL AND XIANG JIANG PAVILION INSTALLED IN 2018.THE MN CHINA FRIENDSHIP GARDEN SOCIETY HOSTED A LARGE SCALE GALA BANQUET AND SILENT AUCTION AND A GRAND OPENING IN JULY IN CONJUNCTION WITH THE ANNUAL DRAGON BOAT FESTIVAL AT PHALEN PARK. ST. PAUL MAYOR MELVIN CARTER AND MANY DIGNITARIES FROM THE CHANGSHA GOVERNMENT AND MINNESOTA GOVERNMENT ATTENDED. THIS EVENT DREW MANY HUNDREDS OF COMMUNITY MEMBERS.THE CHINA FRIENDSHIP GARDEN IS NOW OPEN TO THE PUBLIC 24 HOURS A DAY, 7 DAYS A WEEK.IN OCTOBER, A ST. PAUL CITY DELEGATION, INCLUDING MEMBERS OF THE MN CHINA FRIENDSHIP GARDEN SOCIETY, TRAVELED TO CHANGSHA TO PARTICIPATE IN AN UNVEILING CEREMONY OF THE SISTER-CITY GIFT TO CHANGSHA'S YANGHU WETLANDS PARK - A SET OF 5 LIFE-SIZE PEANUTS STATUES.THIS IS A UNIQUE SISTER-CITY PROJECT INITIATED AND FUNDED BY THE EFFORTS OF THE MN CHINA FRIENDSHIP GARDEN SOCIETY. WE ARE WORKING IN COLLABORATION WITH THE CITY OF ST. PAUL PARKS & REC, SISTER CITY CHANGSHA IN CHINA, CHANGSHA YANGHU WETLANDS PARK (SISTER PARK OF PHALEN PARK), AND THE CHANGSHA PEOPLE'S ASSOCIATION FOR FRIENDSHIP WITH FOREIGN COUNTRIES. CHANGSHA ARCHITECTS JENNIFER JUNFANG FAN AND JON YOUHUA WEN, OF HUNAN JIAN KE LANDSCAPE CREATED THE CONCEPTUAL DESIGNS IN 2016 AND THE 2018 CONSTRUCTION DESIGNS AND CONTINUE TO BE INVOLVED IN THE PROJECT.

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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 (2019)

Revenue Breakdown

Contributions & Grants $44,448

Program Service Revenue $0

Investment Income $5,155

Other Revenue $-18,989

TOTAL REVENUE $30,614

Expense Breakdown

Grants Paid $75,922

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $81,127

Other Expenses $12,252

TOTAL EXPENSES $88,174

Year-over-Year Comparison

	2019	2018	Change
Revenue	$30,614	$477,336	-0.9%
Expenses	$88,174	$497,390	-0.8%
Net Income	$-57,560	$-20,054	+1.9%

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

Employees

N/A

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOYCE HSIAO	VICE-PRESIDENT	5.00	Officer Director	$0	$0	$0
LINDA MEALEY-LOHMANN	PRESIDENT	40.00	Officer Director	$0	$0	$0
MARY WARPEHA	DIRECTOR	25.00	Director	$0	$0	$0
WALTER GRAFF	DIRECTOR	5.00	Director	$0	$0	$0
ROMI SLOWIAK	SECRETARY	25.00	Director	$0	$0	$0
BILL ZAJICEK	TREASURER	30.00	Officer Director	$0	$0	$0
BARBARA HARRISON	DIRECTOR	5.00	Director	$0	$0	$0
WEIMING LU	DIRECTOR	5.00	Director	$0	$0	$0
JEFF GANYING VANG	DIRECTOR	25.00	Director	$0	$0	$0
CHU WU	DIRECTOR	5.00	Director	$0	$0	$0
CHEN ZHOU	DIRECTOR	25.00	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
2019	$30,614	$88,174	$188,941	$-57,560
2018	$477,336	$497,390	$536,792	$-20,054

THE MINNESOTA CHINA FRIENDSHIP GARDEN SOCIETY