GOLDEN HERITAGE LIVING (EIN 205498248) - 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

2006

Legal Domicile

Principal Officer

ALBERT CHEUNG

Phone

4155316870

Tax Period

2025-01-01 to 2025-12-31

GOLDEN HERITAGE LIVING, founded in 2006, is a small nonprofit that reported $155K in total revenue in fiscal year 2025. Revenue decreased 17% compared to the prior year. Expenses of $8.1M exceeded revenue, resulting in a 5138% operating deficit.

Mission

TO PROVIDE RESIDENTIAL CARE SERVICES IN INDEPENDENT LIVING, ASSISTED LIVING AND MEMORY CARE

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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 $154,535

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $154,535

Expense Breakdown

Grants Paid $8,095,198

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $8,095,198

Other Expenses $0

TOTAL EXPENSES $8,095,198

Year-over-Year Comparison

	2025	2024	Change
Revenue	$154,535	$186,941	-0.2%
Expenses	$8,095,198	N/A	N/A
Net Income	$-7,940,663	$186,941	-43.5%

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
DANNY MARDECEASED DURING YEAR	PRESIDENT	1.00	Officer Director	$0	$0	$0
ALBERT CHEUNG	SECRETARY	1.00	Officer Director	$0	$0	$0
DERRICK WONG	MEMBER	1.00	Director	$0	$0	$0
MAMIE FONG	MEMBER	1.00	Director	$0	$0	$0
BARRY CHIN	PRESIDENT	1.00	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	$154,535	$8,095,198	No data	$-7,940,663
2024	No data	No data	No data	No data
2023	No data	$34,535	$9,942,694	No data
2022	$148	$402,070	$9,984,484	$-401,922
2021	$274,916	$539,724	$10,840,526	$-264,808
2020	$2,493,335	$2,339,777	$11,186,803	$153,558
2019	$3,702,692	$2,547,777	$9,599,421	$1,154,915
2018	$3,668,110	$2,344,392	$7,147,767	$1,323,718

GOLDEN HERITAGE LIVING