FALUN DAFA ASSOCIATION OF WASHINGTON (EIN 270294722) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2008

Legal Domicile

Principal Officer

ERNEST LI

Phone

2063639898

Tax Period

2023-01-01 to 2023-12-31

FALUN DAFA ASSOCIATION OF WASHINGTON, founded in 2008, is a micro nonprofit in the Religion sector that reported $27K in total revenue in fiscal year 2023. Revenue fell 98% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $13K, a strong 49% operating margin.

Mission

THE ORGANIZATION SERVES TO FOSTER THE UNIVERSAL PRINCIPLES AND VALUES OF "TRUTHFULNESS, COMPASSION AND TOLERANCE" THROUGH VARIOUS FORMS OF SPIRITUAL, CULTURAL AND ARTISTIC ACTIVITIES AND EVENTS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $25,693

Program Service Revenue $0

Investment Income $0

Other Revenue $890

TOTAL REVENUE $26,583

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $12,166

Other Expenses $13,522

TOTAL EXPENSES $13,522

Year-over-Year Comparison

	2023	2022	Change
Revenue	$26,583	$1,383,207	-1.0%
Expenses	$13,522	$2,585,731	-1.0%
Net Income	$13,061	$-1,202,524	-1.0%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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
PEARL CHEN	DIRECTOR	5.00	Director	$0	$0	$0
AMY CHEUNG	DIRECTOR	5.00	Director	$0	$0	$0
ALLISON LAW	DIRECTOR	20.00	Director	$0	$0	$0
ERNEST LI	PRESIDENT	20.00	Officer Director	$0	$0	$0
TING LIM	DIRECTOR	5.00	Director	$0	$0	$0
HAO ZHANG	DIRECTOR	20.00	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	$26,583	$13,522	$25,780	$13,061
2022	$1,383,207	$2,585,731	$371,330	$-1,202,524
2021	$1,120,142	$691,434	$1,851,970	$428,708
2020	$940,875	$969,108	$786,535	$-28,233

FALUN DAFA ASSOCIATION OF WASHINGTON