NORTHERN NEW JERSEY CHINESE ASSOCIA

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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

1968

Legal Domicile

Principal Officer

LIHUE CHEN

Phone

9739066944

Tax Period

2024-09-01 to 2025-08-31

NORTHERN NEW JERSEY CHINESE ASSOCIA, founded in 1968, is a small nonprofit in the Arts, Culture & Humanities sector that reported $179K in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $222K exceeded revenue, resulting in a 24% operating deficit.

Mission

TO PROVIDE AND TO PROMOT CHINESE TRADITIONAL CULTURE AND LANGUAGE TO THE COMMUNITY, VIA CHINESE LANGUAGE LEARNING PROGRAMS, CULTURE PROGRAMS, MUSICAL CHOIR PROGRAMS.

Program Service Accomplishments

Program 1

Expenses: $84,442 Revenue: $73,298

CHINESE LANGUAGE LEARNING PROGRAMS PROVIDE MANDARIN CHINESE SESSIONS TO STUDENTS AND ADULTS. THE PROGRAMS INCLUDE BOTH TRADITIONAL AND SIMPLIFIED WRITING SYSTEMS, PROVIDE INSTRUCTIONS FOR CHINESE...

CHINESE LANGUAGE LEARNING PROGRAMS PROVIDE MANDARIN CHINESE SESSIONS TO STUDENTS AND ADULTS. THE PROGRAMS INCLUDE BOTH TRADITIONAL AND SIMPLIFIED WRITING SYSTEMS, PROVIDE INSTRUCTIONS FOR CHINESE CULTURAL ACTIVITIES, LIKE CHINESE YO-YO, CHINESE CHESS AND GO GAME, CHINESE TRADITIONAL BRUSH PAINTING AND CALLIGRAPHY, TRADITIONAL DANCING, KARATE TRAINING, BEAN-ART, AS WELL AS BADMINTON PRACTICE. VARIOUS EVENTS AND COMPETITIONS ARE ORGANIZED FOR STUDENTS. SPECIAL FOCUS IS MADE FOR HIGH SCHOOL STUDENTS FOR THE SAT-CHINESE AND AP-CHINESE EXAMS. A SPECIAL SCHOLARSHIP COMMITTEE IS ORGANIZED TO REVIEW AND REWARD SCHOLARSHIP TO OUTSTANDING GRADUATING STUDENTS IN SEVERAL HIGH SCHOOLS IN THE NEIGHBORHOOD.

Program 2

Expenses: $43,218 Revenue: $42,425

THE YOOUTH CHORAL PROGRAM PROVIDES YOUNG STUDENT NECESSARY MUSICAL TRAININGS. THIS PROGRAM ENCOURAGES THE YOUTH TO PERFORM AT LOCAL CHARITY EVENTS, CULTURAL EVENTS AND SEVERAL SENIOR HOUSING CENTERS...

Program 3

Expenses: $77,237 Revenue: $57,612

THE ASSOCIATION ORGANIZES VARIOUS EVENTS TO THE FAMILIES AND MEMBERS IN THE COMMUNITIES, INCLUDING HOSTING ANNUAL CHARITY CONCERT WITH PROGRAMS AIMING AT OLDER IMMIGRANTS, ANNUAL DANCER DINNER PARTY FOR THE ADULT COMMUNITY, SENDING VOLUNTEERS FOR SENIOR CITIZENS, ORGANIZING HIGH SCHOOL STUDENT FOR "COOKING FOR HOMELESS", PROVIDING VARIOUS EXERCISES AND ACTIVITIES FOR THE COMMUNITIES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $34,110

Program Service Revenue $134,974

Investment Income $9,904

Other Revenue $127

TOTAL REVENUE $179,115

Expense Breakdown

Grants Paid $4,848

Salaries & Benefits $63,886

Fundraising Expenses $684

Program Expenses $217,139

Other Expenses $153,264

TOTAL EXPENSES $221,998

Year-over-Year Comparison

	2024	2023	Change
Revenue	$179,115	$159,727	+0.1%
Expenses	$221,998	$163,158	+0.4%
Net Income	$-42,883	$-3,431	+11.5%

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

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
LIHUE CHEN	PRESIDENT	10.00	Officer	$0	$0	$0
JERRY CHEN	DIRECTOR	2.00	Director	$0	$0	$0
CHRIS LEE	VICE PRESIDE	2.00	Officer	$0	$0	$0
JOY VANCE	VICE PRESIDE	2.00	Officer	$0	$0	$0
YA-LI TSAI	TREASURER	2.00	Officer	$0	$0	$0
STEPHEN LO	SECRETARY	2.00	Officer	$0	$0	$0
TASHIN CHOU	DIRECTOR	2.00	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	$179,115	$221,998	$409,216	$-42,883
2024	$159,727	$163,158	$417,499	$-3,431
2023	$156,509	$162,698	$418,270	$-6,189
2022	$109,361	$94,740	$425,599	$14,621
2021	$81,152	$89,356	$417,563	$-8,204
2020	$151,290	$151,432	$430,037	$-142
2019	$252,611	$261,665	$439,223	$-9,054
2018	$272,786	$264,212	$442,842	$8,574