WORLD LIGHT FOUNDATION

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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

Phone

6262728288

Tax Period

2018-01-01 to 2018-12-31

WORLD LIGHT FOUNDATION, founded in 2006, is a small nonprofit in the Education sector that reported $195K in total revenue in fiscal year 2018. Revenue surged 24% from the prior year, signaling strong growth momentum. The organization ran a surplus of $158K, a strong 81% operating margin.

Mission

(1)TO AWARD GRANTS TO STUDENTS WITH INTEREST IN INSURANCE INDUSTRY AND PROVIDE INTERNSHIP OPPORTUNITIES. (2) TO ASSIST IN PUBLIC SEMINARS THAT ADVOCATE MENTAL HEALTH.

Program Service Accomplishments

Program 1

Expenses: $24,500

PRIMARY ACTIVITY OF ORGANIZATION IS TO PROVIDE SCHOLARSHIP FOR THE STUDENTS IN THE INSURANCE FIELD OF STUDY.THE SCHOLARSHIPS WERE AWARDED TO QUALIFIED STUDENTS WHO PLAN TO PURSUE POST-SECONDARY...

PRIMARY ACTIVITY OF ORGANIZATION IS TO PROVIDE SCHOLARSHIP FOR THE STUDENTS IN THE INSURANCE FIELD OF STUDY.THE SCHOLARSHIPS WERE AWARDED TO QUALIFIED STUDENTS WHO PLAN TO PURSUE POST-SECONDARY EDUCATION. ALL UNDISTRIBUTED DONATIONS & CONTRIBUTIONS IN EXCESS OF DISBURSEMENTS IS HELD FOR INVESTMENT AND ON-GOING SCHOLARSHIP AWARDS TO ENSURE CONTINUED FUND GROWTH AND FINANCIAL SUPPORT FOR STUDENTS

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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 (2018)

Revenue Breakdown

Contributions & Grants $131,950

Program Service Revenue $0

Investment Income $63,250

Other Revenue $0

TOTAL REVENUE $195,200

Expense Breakdown

Grants Paid $24,500

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $24,500

Other Expenses $12,714

TOTAL EXPENSES $37,214

Year-over-Year Comparison

	2018	2017	Change
Revenue	$195,200	$156,934	+0.2%
Expenses	$37,214	$24,915	+0.5%
Net Income	$157,986	$132,019	+0.2%

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
I-HSIN LIU	Director	5.00	Director	$0	$0	$0
BARRY R LO	Director	5.00	Director	$0	$0	$0
JOAN QUANG HANG	CEO/President	5.00	Officer	$0	$0	$0
CHUNG HWEI CHANG	Secretary	5.00	Officer	$0	$0	$0
ANGELA L CHANG	CFO	5.00	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
2018	$195,200	$37,214	$1,459,574	$157,986