WORLD TRADE CENTER ASSOCIATION LOS… - 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

1986

Legal Domicile

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.

Program Service Accomplishments

Program 1

Expenses: $541,301 Revenue: $48,697

THE SPECIFIC PURPOSE OF THIS CORPORATION IS TO EDUCATE AND PROVIDE CONSULTING SERVICES TOWARD IMPROVING WORLD TRADE AND INTERNATIONAL COMMERCE IN THE REGION, PROVIDING CERTAIN SERVICES AND RESOURCES INCLUDING BUT NOT LIMITED TO: A LIBRARY OF TRADE PUBLICATIONS AND OTHER INFORMATION SERVICES; EDUCATIONAL PROGRAMS AND SEMINARS ON TRADE AND INTERNATIONAL BUSINESS; TRANSLATION SERVICES, AND PROMOTE GOOD PUBLIC RELATIONS.

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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 $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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

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

$704,042

Total Directors

$704,042

Key Employees

$188,703

Highest Compensated

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

WORLD TRADE CENTER ASSOCIATION LOS ANGELES - LONG BEACH