PHOENIX FALUN DAFA ASSOCIATION INC

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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

2007

Legal Domicile

Principal Officer

RAYMOND GIANG

Phone

4808097416

Tax Period

2023-07-01 to 2024-06-30

PHOENIX FALUN DAFA ASSOCIATION INC, founded in 2007, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.6M in total revenue in fiscal year 2023.

Mission

PHOENIX FALUN DAFA ASSOCIATION, INC. IS A 501(C)(3) NON-PROFIT ORGANIZATION THAT SEEKS TO PROMOTE CROSS CULTURAL AWARENESS IN THE STATE OF ARIZONA THROUGH PERFORMING ARTS EVENTS.

Program Service Accomplishments

Program 1

Expenses: $2,644,177 Revenue: $2,642,165

PROMOTE PERFORMANCES BY SHEN YUN PERFORMING ARTS IN ARIZONA WHICH IS A NEW YORK BASED DANCE COMPANY THAT PRESENTS CLASSICAL CHINESE DANCE AND MUSIC.

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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 $0

Program Service Revenue $2,642,165

Investment Income $0

Other Revenue $0

TOTAL REVENUE $2,642,165

Expense Breakdown

Grants Paid $679,124

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,644,177

Other Expenses $1,974,388

TOTAL EXPENSES $2,653,512

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,642,165	$2,603,841	+0.0%
Expenses	$2,653,512	$2,633,893	+0.0%
Net Income	$-11,347	$-30,052	-0.6%

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
NICK JANICKI	PRESIDENT	2.00	Officer Director	$0	$0	$0
RAYMOND XANG GIANG	TREASURER	2.00	Officer Director	$0	$0	$0
GUANGJUN HO	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
2024	$2,642,165	$2,653,512	$267,314	$-11,347
2023	$2,603,841	$2,633,893	$278,661	$-30,052
2022	$3,836,447	$3,586,447	$308,713	$250,000
2020	$2,180,454	$2,180,454	No data	No data
2019	$2,594,242	$2,594,242	No data	No data
2018	$2,363,619	$2,363,619	No data	No data