LOONG KONG TIEN YEE ASSOCIATION LO… - Form 990 Financial Data

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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

1975

Legal Domicile

Phone

2136243530

Tax Period

2023-01-01 to 2023-12-31

LOONG KONG TIEN YEE ASSOCIATION LOS ANGELES, founded in 1975, is a small nonprofit in the Human Services sector that reported $207K in total revenue in fiscal year 2023. Revenue surged 25% from the prior year, signaling strong growth momentum. Expenses of $176K left a modest 15% surplus.

Mission

TO PROMOTE FRATERNAL, CULTURAL AND EDUCATIONAL AFFAIRS OF THE FOUR 'FAMILY' CLANS.

Program Service Accomplishments

Program 1

TO PROMOTE THE CULTURAL EXCHANGES AND EDUCATION OF THE CHINESE-AMERICAN COMMUNITIES AND TO FURTHER THE COMMON GOOD, ENCOURAGE AND PRACTICE BENEVOLENCE AND BE ABLE TO SERVE MORE THAN ONE THOUSAND...

TO PROMOTE THE CULTURAL EXCHANGES AND EDUCATION OF THE CHINESE-AMERICAN COMMUNITIES AND TO FURTHER THE COMMON GOOD, ENCOURAGE AND PRACTICE BENEVOLENCE AND BE ABLE TO SERVE MORE THAN ONE THOUSAND PARTICIPANTS IN LOS ANGELES.

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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 $28,714

Program Service Revenue $0

Investment Income $185

Other Revenue $178,200

TOTAL REVENUE $207,099

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $176,094

TOTAL EXPENSES $176,094

Year-over-Year Comparison

	2023	2022	Change
Revenue	$207,099	$165,224	+0.3%
Expenses	$176,094	$150,908	+0.2%
Net Income	$31,005	$14,316	+1.2%

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

N/A

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
VINCENT LAU	PRESIDENT	8.00	Director	$0	$0	$0
JAMES CHEUNG	Secretary	8.00	Director	$0	$0	$0
EDWARD LAU	Treasurer	8.00	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
2024	No data	No data	No data	No data
2023	$207,099	$176,094	$481,663	$31,005
2022	$165,224	$150,908	$450,658	$14,316
2021	$84,723	$57,930	$434,376	$26,793
2020	$95,665	$45,459	$407,583	$50,206
2019	$113,500	$121,889	$364,315	$-8,389
2018	$131,794	$104,756	$371,204	$27,038

LOONG KONG TIEN YEE ASSOCIATION LOS ANGELES