HONG KONG ASSOCIATION OF WASHINGTON FOUNDATION (EIN 270930865) - 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

2009

Legal Domicile

Principal Officer

TONY CHANG

Phone

2064194888

Tax Period

2019-10-01 to 2020-09-30

HONG KONG ASSOCIATION OF WASHINGTON FOUNDATION, founded in 2009, is a small nonprofit in the Arts, Culture & Humanities sector that reported $664K in total revenue in fiscal year 2019. Revenue surged 165% from the prior year, signaling strong growth momentum. The organization ran a surplus of $299K, a strong 45% operating margin.

Mission

TO PROVIDE FUNDING FOR EDUCATIONAL, MEDICAL, MUSICAL AND ATHLETICADVANCEMENT OF ASIAN AMERICAN; TO HOST AN ANNUAL FUNDRAISING GALA TO RAISE MONEY FOR QUALIFIED CHARITIES;

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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 (2019)

Revenue Breakdown

Contributions & Grants $659,028

Program Service Revenue $0

Investment Income $0

Other Revenue $4,708

TOTAL REVENUE $663,736

Expense Breakdown

Grants Paid $278,500

Salaries & Benefits $0

Fundraising Expenses $79,941

Program Expenses $278,500

Other Expenses $86,646

TOTAL EXPENSES $365,146

Year-over-Year Comparison

	2019	2018	Change
Revenue	$663,736	$250,032	+1.7%
Expenses	$365,146	$232,934	+0.6%
Net Income	$298,590	$17,098	+16.5%

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

Governance

Voting Members

Independent Members

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
BENJAMIN LEE	PRESIDENT	5.00	Officer Director	$0	$0	$0
ANDY YIP	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
CYNTHIA SO	SECRETARY	5.00	Officer Director	$0	$0	$0
TONY CHANG	TREASURER	5.00	Officer Director	$0	$0	$0
NELSON LEE	DIRECTOR	5.00	Officer Director	$0	$0	$0
HOMING TAM	DIRECTOR	5.00	Director	$0	$0	$0
NORA CHAN	DIRECTOR	5.00	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
2020	$663,736	$365,146	$372,871	$298,590
2019	$250,032	$232,934	$74,311	$17,098
2018	$155,260	$213,095	$59,823	$-57,835

HONG KONG ASSOCIATION OF WASHINGTON FOUNDATION