CHONG WA EDUCATION SOCIETY (EIN 237327094) - 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

1973

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

CHONG WA EDUCATION SOCIETY, founded in 1973, is a micro nonprofit that reported $78K in total revenue in fiscal year 2023. Revenue surged 172% from the prior year, signaling strong growth momentum. Expenses of $102K exceeded revenue, resulting in a 30% operating deficit.

Mission

SHARE CHINESE CULTURE AND LANGUAGE THROUGH PROGRAMS FEATURING CHINESES LANGUAGE AND CULTURE

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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 (2023)

Revenue Breakdown

Contributions & Grants $50,215

Program Service Revenue $20,980

Investment Income $8

Other Revenue $6,800

TOTAL REVENUE $78,003

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $83,418

Other Expenses $101,589

TOTAL EXPENSES $101,589

Year-over-Year Comparison

	2023	2022	Change
Revenue	$78,003	$28,666	+1.7%
Expenses	$101,589	$64,986	+0.6%
Net Income	$-23,586	$-36,320	-0.4%

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

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
KEVIN LEE	BOARD MEMBER	2.00	Director	$0	$0	$0
JAY LIN	BOARD MEMBER	2.00	Director	$0	$0	$0
DOUNG LO	BOARD MEMBER	2.00	Director	$0	$0	$0
BRIEN CHOQ	BOARD MEMBER	2.00	Director	$0	$0	$0
LAI-PING KIMURA	BOARD MEMBER	2.00	Director	$0	$0	$0
BETTY LAU	BOARD MEMBER	2.00	Director	$0	$0	$0
SHIAO-YEN WU	BOARD MEMBER	2.00	Director	$0	$0	$0
STEVEN YEE	BOARD MEMBER	2.00	Director	$0	$0	$0
JUDY YU	BOARD MEMBER	2.00	Director	$0	$0	$0
WENDEE ONG	BOARD MEMBER	2.00	Director	$0	$0	$0
DIANA REN	BOARD MEMBER	2.00	Director	$0	$0	$0
ELLEN WEN	BOARD MEMBER	2.00	Director	$0	$0	$0
HALBERT GHINN	BOARD MEMBER	2.00	Director	$0	$0	$0
AMY CHEN LOZANO	BOARD MEMBER	2.00	Director	$0	$0	$0
LIANG CHEN	BOARD MEMBER	2.00	Director	$0	$0	$0
HANS HUANG	TREASURER	2.00	Officer Director	$0	$0	$0
FRANK WEN	TREASURER	2.00	Officer Director	$0	$0	$0
ANDY HAN	VICE PRESIDENTENGLISH SECRET	2.00	Officer Director	$0	$0	$0
MEI-JUI LIN	PRESIDENT	2.00	Officer Director	$0	$0	$0
SUE-MAY ENG	PRESIDENTENGLISH SECRETARY	2.00	Officer Director	$0	$0	$0
TUCK ENG	AUDITOR	2.00	Officer Director	$0	$0	$0
PAUL WU	AUDITOR	2.00	Officer Director	$0	$0	$0
TIM LEE	ASSIST ENGLISH SECRETARY	2.00	Officer Director	$0	$0	$0
CHANG CHI HWANG	CHINESE SECRETARY	2.00	Officer Director	$0	$0	$0
TZE CHUN LO	ASSIST CHINESE SECRETARY	2.00	Officer 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
2024	No data	No data	No data	No data
2023	$78,003	$101,589	$1,272,453	$-23,586
2022	$28,666	$64,986	$1,296,039	$-36,320
2021	$64,607	$51,901	$1,332,359	$12,706
2020	$85,383	$59,721	$1,319,653	$25,662
2019	$173,394	$55,290	$1,293,991	$118,104
2018	$882,479	$42,106	$1,175,887	$840,373

CHONG WA EDUCATION SOCIETY