SHUANG WEN ACADEMY NETWORK (SWAN) (EIN 311587377) - 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

1996

Legal Domicile

Principal Officer

TONY WONG

Phone

6469985786

Tax Period

2024-01-01 to 2024-12-31

SHUANG WEN ACADEMY NETWORK (SWAN), founded in 1996, is a community nonprofit in the Education sector that reported $1.9M in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $1.8M left a modest 3% surplus.

Mission

TO DEVELOP PROFICIENCY IN MANDARIN CHINESE LANGUAGE AND AWARENESS OF CHINESE CULTURE IN INDIVIDUALS, PREPARING THEM AS GLOBAL CITIZENS IN AN INCREASINGLY COMPETITIVE AND DEMANDING INTERNATIONAL ENVIRONMENT.

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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 (2024)

Revenue Breakdown

Contributions & Grants $57,180

Program Service Revenue $1,750,282

Investment Income $23,886

Other Revenue $25,846

TOTAL REVENUE $1,857,194

Expense Breakdown

Grants Paid $200

Salaries & Benefits $1,195,864

Fundraising Expenses $16,080

Program Expenses $1,336,907

Other Expenses $604,757

TOTAL EXPENSES $1,800,821

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,857,194	$1,678,957	+0.1%
Expenses	$1,800,821	$1,539,161	+0.2%
Net Income	$56,373	$139,796	-0.6%

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

$109,823

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FU MEI CHEUNG	EXECUTIVE DIRECTOR	55.00	Officer	$109,823	$0	$109,823
NANCY ENG	CHAIR	7.00	Officer Director	$0	$0	$0
ANDY LUN	VICE CHAIR	7.00	Officer Director	$0	$0	$0
TONY WONG	TREASURER	7.00	Officer Director	$0	$0	$0
VINCENT CHOI	SECRETARY	7.00	Officer Director	$0	$0	$0
VERONICA TSANG	BOARD MEMBER	7.00	Director	$0	$0	$0
SHERRY HUANG	BOARD MEMBER	7.00	Director	$0	$0	$0
DAVID FUNG	BOARD MEMBER	7.00	Director	$0	$0	$0
QUENTINE HUIE	BOARD MEMBER	7.00	Director	$0	$0	$0
MATTHEW ULMANN	BOARD MEMBER	7.00	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	$1,857,194	$1,800,821	$2,172,882	$56,373
2023	$1,678,957	$1,539,161	$2,434,244	$139,796
2022	$1,808,530	$1,096,448	$1,522,970	$712,082
2021	$1,461,962	$1,250,186	$1,005,199	$211,776
2020	$1,180,910	$1,235,181	$529,838	$-54,271

SHUANG WEN ACADEMY NETWORK (SWAN)