HERALD EDUCATION 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

2010

Legal Domicile

Phone

7187998222

Tax Period

2019-07-01 to 2020-06-30

HERALD EDUCATION INC, founded in 2010, is a small nonprofit in the Education sector that reported $421K in total revenue in fiscal year 2019. Revenue decreased 20% compared to the prior year. Expenses of $405K left a modest 4% surplus.

Mission

THE MISSION OF THE ORGANIZATION IS TO PROVIDE AFFORDABLE, EFFECTIVE AND QUALITY ACADEMIC ENRICHMENT AND QUALITY ACADEMIC ENRICHMENT AND AFTERSCHOOL PROGRAMS TO THE

Program Service Accomplishments

Program 1

Expenses: $319,387 Revenue: $411,371

ACADEMIC ENRICHMENT AND AFTERSCHOOL PROGRAMS FOR THE CHILDREN AND AND YOUTH IN NEED OF THE SERVICES FROM THE NEARBY COMMUNITIES.

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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 $10,000

Program Service Revenue $411,371

Investment Income $0

Other Revenue $0

TOTAL REVENUE $421,371

Expense Breakdown

Grants Paid $0

Salaries & Benefits $249,492

Fundraising Expenses $0

Program Expenses $319,387

Other Expenses $155,141

TOTAL EXPENSES $404,633

Year-over-Year Comparison

	2019	2018	Change
Revenue	$421,371	$526,573	-0.2%
Expenses	$404,633	$585,787	-0.3%
Net Income	$16,738	$-59,214	-1.3%

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

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

$8,556

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SIUKWONG PATRICK CHAN	OPERATION DIRECTOR	3.00	Officer Director	$0	$0	$0
KATIE YIM CHUN KAN CHAU	BOARD PRESIDENT	2.00	Director	$0	$0	$0
ELLEN YUEN	SECRETARY	2.00	Director	$0	$0	$0
RACHAEL WU	TREASURER	2.00	Director	$0	$0	$0
ROGER CHAN	MANAGING DIRECTOR	40.00	Officer	$8,556	$0	$8,556

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	$421,371	$404,633	$17,703	$16,738
2019	$526,573	$585,787	$100,070	$-59,214
2018	$617,431	$659,493	$64,384	$-42,062