MORNING LIGHT FOUNDATION (EIN 203406668) - 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

2005

Legal Domicile

Phone

6267656119

Tax Period

2025-01-01 to 2025-12-31

MORNING LIGHT FOUNDATION, founded in 2005, is a small nonprofit in the Education sector that reported $402K in total revenue in fiscal year 2025. Expenses of $372K left a modest 7% surplus.

Mission

THE ORGANIZATION SUPPORTS EDUCATIONAL PROGRAMS FOR DISADVANTAGED STUDENTS TO BE RESPONSIBLE AND SUCCESSFUL MEMBERS OF THE SOCIETY WITH PASSION AND LOVE.

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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 (2025)

Revenue Breakdown

Contributions & Grants $345,143

Program Service Revenue $0

Investment Income $86,045

Other Revenue $-29,138

TOTAL REVENUE $402,050

Expense Breakdown

Grants Paid $326,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $326,000

Other Expenses $46,188

TOTAL EXPENSES $372,188

Year-over-Year Comparison

	2025	2024	Change
Revenue	$402,050	$399,768	+0.0%
Expenses	$372,188	$240,743	+0.5%
Net Income	$29,862	$159,025	-0.8%

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
PAUL ZEE	President	3.00	Officer Director	$0	$0	$0
EVANS LAM	VICE CHAIRMAN	1.00	Director	$0	$0	$0
LEO CHU	Chairman	1.00	Director	$0	$0	$0
AARON YOUNG	Director	1.00	Director	$0	$0	$0
CHARLES MAU	Director	1.00	Director	$0	$0	$0
WILLIAM CHOW	Director	1.00	Director	$0	$0	$0
KEN LEUNG	Secretary/V.P.	1.00	Officer Director	$0	$0	$0
LARRY WONG	Vice Chairman	1.00	Director	$0	$0	$0
GIGI KONG	Vice President	2.00	Officer Director	$0	$0	$0
CARL MOY	VICE CHAIRMAN	1.00	Director	$0	$0	$0
FANNY CHAN	Vice President	1.00	Officer Director	$0	$0	$0
ALEXANDRA YEUNG	Treasurer	1.00	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
2025	$402,050	$372,188	$3,271,325	$29,862
2024	$399,768	$240,743	$2,972,619	$159,025
2023	$311,766	$183,366	$2,602,395	$128,400
2022	$289,357	$173,812	$2,342,900	$115,545
2021	$233,440	$105,121	$2,311,107	$128,319
2020	$288,888	$52,740	$2,024,487	$236,148
2019	$534,202	$222,867	$1,754,911	$311,335
2018	$442,861	$236,447	$1,403,581	$206,414

MORNING LIGHT FOUNDATION