MORRIS CHINESE ACADEMY

EIN: 204709185 501(c)(3) Arts, Culture & Humanities

PARSIPPANY, NJ

Total Revenue
$176,651
Total Expenses
$151,732
Total Assets
$189,854
Net Assets
$52,802
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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
2006
Legal Domicile
NJ
Principal Officer
LIYA WU
Phone
9737988622
Tax Period
2023-08-01 to 2024-07-31

MORRIS CHINESE ACADEMY, founded in 2006, is a small nonprofit in the Arts, Culture & Humanities sector that reported $177K in total revenue in fiscal year 2023. Revenue decreased 16% compared to the prior year. Expenses of $152K left a modest 14% surplus.

Mission

PROVIDE CHINESE LANGUAGE EDUCATION TO STUDENTS WHO WANT TO LEARN CHINESE LANGUAGE

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $176,090
Investment Income $561
Other Revenue $0
TOTAL REVENUE $176,651

Expense Breakdown

Grants Paid $0
Salaries & Benefits $89,876
Fundraising Expenses $0
Program Expenses $140,346
Other Expenses $61,856
TOTAL EXPENSES $151,732

Year-over-Year Comparison

2023 2022 Change
Revenue $176,651 $210,783 -0.2%
Expenses $151,732 $228,953 -0.3%
Net Income $24,919 $-18,170 -2.4%
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

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Governance

Voting Members
8
Independent Members
3
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
1
$5,245
Total Directors
8
$31,455
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHAEL WANG DIRECTOR 4.00
Director
$2,633 $0 $2,633
WEIZHENG CAO DIRECTOR 0.00
Director
$0 $0 $0
YUE ZHANG DIRECTOR 4.00
Director
$7,917 $0 $7,917
JIANDONG ZHOU DIRECTOR 1.50
Director
$1,649 $0 $1,649
GUANGMING BU DIRECTOR 0.00
Director
$0 $0 $0
JINLAI FU DIRECTOR 1.00
Director
$805 $0 $805
YUKUN SAPIO DIRECTOR 1.50
Director
$9,561 $0 $9,561
AIFANG PAN DIRECTOR 4.00
Director
$8,890 $0 $8,890
LIYA WU PRINCIPAL 4.00
Officer
$5,245 $0 $5,245
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 $176,651 $151,732 $189,854 $24,919
2023 $210,783 $228,953 $181,954 $-18,170
2022 $163,807 $209,216 $233,641 $-45,409
2021 $221,413 $262,048 $271,777 $-40,635
2020 $332,386 $272,462 $376,909 $59,924
2019 $316,403 $378,745 $366,289 $-62,342
2018 $311,953 $328,132 $448,484 $-16,179
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