HONG'S CULTURAL & EDUCATION FOUNDA… - 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

2010

Legal Domicile

Principal Officer

FRANK HONG

Phone

8778295500

Tax Period

2018-01-01 to 2018-12-31

Mission

PRIMARY OBJECTIVES AND PURPOSES OF THIS CORPORATION SHALL BE THE EDUCATION OF CHILDREN AND ADULTS WHO WISH TO KNOW AND FURTHER PROMOTE THE NATIVE TAIWANESE CULTURE. THE ORGANIZATION WILL STRIVE TO OPEN MINDS AND ENCOURAGE DIALOGUES REGARDING THE PAST, PRESENT AND FUTURE OF TAIWAN.

Program Service Accomplishments

Program 1

Expenses: $0 Revenue: $0

THE ORGANIZATION HAD SPONSORED HAPPY KIDS DAY HELD IN CUPERTINO, CALIFORNIA FOR THE LAST SEVERAL YEARS. THE DAY WAS DEDICATED TO THE CHILDREN OF ALL NATIONALITY STARTING WITH THE TAIWANESE CHILDREN. THE FIRST YEAR THE FOCUS WAS ON TAIWANESE CULTURE. THE ATTENDEES LEARNED ABOUT TAIWANESE FOOD,CRAFTS, MUSIC AND FOOD. MORE THAN 10,000 CHILDREN AND ADULTS ATTENDED THE EVENT. THE SECOND YEAR'S ACTIVITIES INCLUDED OTHER ETHNIC GROUPS SUCH AS INDIAN AND JAPANESE. THIS TIME, THE ATTENDEES WERE MORE THAN 12,000. THE HONG'S CULTURAL & EDUCATIONAL FOUNDATION HAD DONATED TO SCHOOLS IN OAKLAND AND LOS GATOS.

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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 (2018)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $0

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $0

TOTAL EXPENSES $0

Year-over-Year Comparison

	2018	2017	Change
Revenue	N/A	$18,056	-1.0%
Expenses	N/A	$91,746	-1.0%
Net Income	N/A	$-73,690	N/A

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
ALBERT HONG	DIRECTOR	1.00	Director	$0	$0	$0
GRACE KUAMME	DIRECTOR	1.00	Director	$0	$0	$0
FRANK HONG	CEO & PRESIDENT	10.00	Officer Director	$0	$0	$0
ANITA HONG	CFO & SECRETARY	5.00	Officer 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
2018	No data	No data	$1,925,603	No data

HONG'S CULTURAL & EDUCATION FOUNDATION