US SOUTHWESTERN FALUN DAFA ASSOC

EIN: 264137135 501(c)(3) Religion

EL MONTE, CA

Total Revenue
$6,223,419
Total Expenses
$6,969,116
Total Assets
$2,389,016
Net Assets
$1,057,249
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2009
Legal Domicile
CA
Principal Officer
YOUFU LI
Phone
8008800188
Tax Period
2023-01-01 to 2023-12-31

US SOUTHWESTERN FALUN DAFA ASSOC, founded in 2009, is a community nonprofit in the Religion sector that reported $6.2M in total revenue in fiscal year 2023. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $7.0M exceeded revenue, resulting in a 12% operating deficit.

Mission

ORGANIZATION IS DEDICATED TO PROMOTE FALUN DAFA, A SPIRITUAL PRACTICE THAT IMPROVES THE LIVES OF PEOPLE THROUGH DISCIPLINED PRACTICES. PEOPLE WHO PRACTICED THIS SYSTEM WOULD EXPERIENCE DRAMATIC HEALTH BENEFITS AS WELL AS NEWFOUND ENERGY. IN ADDITION, THE ORGANIZATION ALSO PROMOTES ANCIENT CHINESE CULTURE; IT IS A PROUD PRESENTER AND PROMOTER OF SHEN YUN PERFORMING ARTSS PERFORMANCES THROUGHOUT SOUTHERN CALIFORNIA REGION. SHEN YUNS WORKS NOT ONLY REFLECT THIS RICH SPIRITUAL HERITAGE OF ANCIENT CHINA, BUT ALSO ENHANCE THE PRACTICE OF FALUN DAFA.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $154,689
Program Service Revenue $6,016,673
Investment Income $562
Other Revenue $51,495
TOTAL REVENUE $6,223,419

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $6,915,837
Other Expenses $6,969,116
TOTAL EXPENSES $6,969,116

Year-over-Year Comparison

2023 2022 Change
Revenue $6,223,419 $5,254,030 +0.2%
Expenses $6,969,116 $6,877,370 +0.0%
Net Income $-745,697 $-1,623,340 -0.5%
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

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Governance

Voting Members
3
Independent Members
2
Employees
N/A
Volunteers
25

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
1
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
YOUFU LI PRESIDENT 20.00
Officer Director
$0 $0 $0
JOHNNY CHAO SECRETARY 2.00
Director
$0 $0 $0
YINNIAN WU FINANCE DIRE 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 No data No data No data No data
2023 $6,223,419 $6,969,116 $2,389,016 $-745,697
2022 $5,254,030 $6,877,370 $3,107,925 $-1,623,340
2021 $7,092,763 $1,547,006 $4,987,177 $5,545,757
2020 $-783,374 $67,086 $233,384 $-850,460
2019 $83,145 $181,237 $359,118 $-98,092
2018 $-361,368 $173,232 $675,755 $-534,600
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