WORLD TRADE CENTER ASSOCIATION LOS ANGELES - LONG BEACH

EIN: 330190964 501(c)(3) Community Improvement

LOS ANGELES, CA

Total Revenue
$103,697
Total Expenses
$598,628
Total Assets
$100,445
Net Assets
$-626,452
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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
1986
Legal Domicile
CA
Principal Officer
KENDAL TURNER
Phone
2132364826
Tax Period
2024-07-01 to 2025-06-30

WORLD TRADE CENTER ASSOCIATION LOS ANGELES - LONG BEACH, founded in 1986, is a small nonprofit in the Community Improvement sector that reported $104K in total revenue in fiscal year 2024. Revenue fell 56% from the prior year — a significant decline worth monitoring. Expenses of $599K exceeded revenue, resulting in a 477% operating deficit.

Mission

WTCLA'S MISSION IS DEDICATED TO ATTRACTING FOREIGN DIRECT INVESTMENT TO THE LOS ANGELES REGION AND TRADE FACILITATION. THE WTCLA PROVIDES BUSINESS ASSISTANCE TO INTERNATIONAL COMPANIES SEEKING TO LOCATE OR EXPAND OPERATIONS IN LOS ANGELES, AND TO LOCAL COMPANIES SEEKING TO EXPORT PRODUCTS AND SERVICES TO THE INTERNATIONAL MARKET.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $55,000
Program Service Revenue $48,697
Investment Income $0
Other Revenue $0
TOTAL REVENUE $103,697

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $10,625
Program Expenses $541,301
Other Expenses $598,628
TOTAL EXPENSES $598,628

Year-over-Year Comparison

2024 2023 Change
Revenue $103,697 $237,400 -0.6%
Expenses $598,628 $540,808 +0.1%
Net Income $-494,931 $-303,408 +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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Governance

Voting Members
3
Independent Members
1
Employees
N/A
Volunteers
93

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
2
$704,042
Total Directors
3
$704,042
Key Employees
1
$188,703
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
STEPHEN CHEUNG PRESIDENT AND CEO 20.00
Officer Director
$0 $24,780 $426,154
KENDAL R TURNER EXEC. VICE PRES./CFO 20.00
Officer Director
$0 $20,919 $277,888
RON FRIERSON DIRECTOR 1.00
Director
$0 $0 $0
ALISON CLARK VP BUS. ASST. & INT'L TRADE 20.00
Key Emp
$0 $5,891 $188,703
WILLIAM POWLES SR. DIR. INT'L. TRADE 40.00
Highest
$0 $7,288 $156,572
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
2025 $103,697 $598,628 $100,445 $-494,931
2024 $237,400 $540,808 $196,947 $-303,408
2023 $460,078 $234,713 $855,765 $225,365
2022 $412,649 $275,021 $842,079 $137,628
2021 $486,090 $434,099 $648,944 $51,991
2020 $414,000 $543,962 $111,179 $-129,962
2019 $517,907 $637,446 $199,412 $-119,539
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