CHINESE PROGRESSIVE ASSOCIATION (EIN 237404756) - 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

1972

Legal Domicile

Principal Officer

KIMI LEE

Phone

4153916986

Tax Period

2024-01-01 to 2024-12-31

CHINESE PROGRESSIVE ASSOCIATION, founded in 1972, is a mid-sized nonprofit in the Health Care sector that reported $22.9M in total revenue in fiscal year 2024. The organization ran a surplus of $4.5M, a strong 20% operating margin.

Mission

CPA ORGANIZES WORKING CLASS CHINESE IMMIGRANT ADULTS AND YOUTH TO INCREASE THEIR VOICES THROUGH SOCIAL JUSTICE DIRECT ACTION CAMPAIGNS AND LEADERSHIP DEVELOPMENT. OUR WORK WITHIN OUR TENANT WORKER CENTER AND YOUTH ORGANIZING WORK ALLOWS OUR MEMBER/LEADERS TO LEARN ABOUT AND ENGAGE IN ISSUES MOST EFFECTING OUR COMMUNITY.

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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 $21,616,588

Program Service Revenue $213,450

Investment Income $953,375

Other Revenue $88,716

TOTAL REVENUE $22,872,129

Expense Breakdown

Grants Paid $1,179,000

Salaries & Benefits $80,347

Fundraising Expenses $988,887

Program Expenses $14,201,439

Other Expenses $17,064,844

TOTAL EXPENSES $18,324,191

Year-over-Year Comparison

	2024	2023	Change
Revenue	$22,872,129	$23,420,112	0.0%
Expenses	$18,324,191	$18,420,699	0.0%
Net Income	$4,547,938	$4,999,413	-0.1%

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

553

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
KIMI LEE	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
ARTHUR LIOU	BOARD VICE CHAIR	1.00	Officer Director	$0	$0	$0
CHARLOTTE CHANG	BOARD SECRETARY	1.00	Officer Director	$0	$0	$0
KIM GERON	BOARD TREASURER	1.00	Officer Director	$0	$0	$0
STACY KONO	BOARD MEMBER	1.00	Director	$0	$0	$0
KATIE YUE-SUM LI	BOARD MEMBER	1.00	Director	$0	$0	$0
SHAW SAN LIU SEE SCHED O	EXECUTIVE DIRECTOR	40.00	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
2024	$22,872,129	$18,324,191	$32,528,090	$4,547,938
2023	$23,420,112	$18,420,699	$32,816,653	$4,999,413
2022	$19,799,375	$23,168,751	$32,876,483	$-3,369,376
2021	$18,119,663	$12,351,653	$28,695,663	$5,768,010
2020	$26,786,083	$11,972,047	$21,531,562	$14,814,036
2019	$6,806,727	$5,775,841	$5,886,072	$1,030,886
2018	$5,240,599	$3,993,044	$4,397,563	$1,247,555

CHINESE PROGRESSIVE ASSOCIATION