CHINESE CONSOLIDATED BENEVOLENT AS… - 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

1954

Legal Domicile

Principal Officer

BONNIE CHIN

Phone

3122256198

Tax Period

2024-07-01 to 2025-06-30

CHINESE CONSOLIDATED BENEVOLENT ASSOCIATION OF CHICAGO, founded in 1954, is a community nonprofit in the Food, Agriculture & Nutrition sector that reported $1.5M in total revenue in fiscal year 2024. Revenue surged 28% from the prior year, signaling strong growth momentum. The organization ran a surplus of $411K, a strong 27% operating margin.

Mission

THE BUSINESS ("CCBA") WAS ESTABLISHED IN THE 1880S IN ORDER TO HELP CHINESE IMMIGRANTS IN STARTING A NEW LIFE IN THE CHICAGO AREA. TODAY, CCBA CONDUCTS A VARIETY OF PROGRAMS THAT EDUCATE CHINESE IMMIGRANTS ABOUT THE US CITIZENSHIP, PROMOTE AND PRESERVE CHINESE HERITAGES AND CULTURAL TRADITIONS IN THE COMMUNITY, AND MEET T HE CHARITABLE NEEDS OF LOCAL CHINESE FAMILIES.

Program Service Accomplishments

Program 1

Expenses: $225,971 Revenue: $368,456

THE ASSOCIATION SPONSERS SEVERAL PROGRAMS INCLUDING COMMUNITY AFFAIRS PROGRAMS, SENIOR CITIZENS CARE, AND THE NEW YEAR'S DAY CHINATOWN PARADE (5,000-8,000 PARTICIPANTS). THE ASSOCIATION MAINTAINS A NUMBER OF FREE SOCIAL SERVICES TO THE PUBLIC, INCLUDING LIBRARY, FREE HEALTH CLINIC, CHINESE AND ENGLISH LANGUAGE TRAINING FOR YOUTH AND NEW IMMIGRANTS (400-500 STUDENTS), AND HEALTH CARE WORKSHOPS. THE ASSOCIATION ALSO ORGANIZES CLASSES FOR CITIZENSHIP APPLICATION, FOOD SANITATION, ETC.

Program 2

Expenses: $548,718 Revenue: $499,349

LUNCH PROGRAM-THE ASSOCIATION PREPARES AND DISTRIBUTES SUBSIDIZED LUNCHES TO 300-400 ELDERLY AND HANDICAPPED CITIZENS, SIX DAYS PER WEEK THROUGHOUT THE WHOLE YEAR.

Program 3

Expenses: $1,333 Revenue: $370,363

THE ASSOCIATION OVERSEES THE PRESERVATION OF HISTORICAL AND CULTURAL CHINESE CEMETERY FOR THE CHINESE AMERICAN COMMUNITY, INCLUDING: 1. PROVISION OF INTERMENT RIGHTS, 2. CONDUCTING ANCESTOR-WORSHIP CEREMONIES AND COMMUNITY FESTIVALS TO HONOR THE DECEASED, 3. WORKING WITH FAMILIES TO ADVISE ON CHINESE BURIAL TRADITIONS, TRANSLATE AND PREPARE GRAVE MONUMENTS AND MARKERS, AND COORDINATE AND PERFORM CHINESE BURIAL CUSTOMS, AND 4. ARRANGING VOLUNTEERS TO PROVIDE TRANSPORTATION TO FAMILIES AND ELDERS TO REGULARLY VISIT CEMETERY TO HONOR THE DECEASED AND CONDUCT RELIGIOUS/CULTURAL TRADITIONS.

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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 $55,054

Program Service Revenue $1,448,702

Investment Income $39,802

Other Revenue $0

TOTAL REVENUE $1,543,558

Expense Breakdown

Grants Paid $0

Salaries & Benefits $335,909

Fundraising Expenses $0

Program Expenses $942,935

Other Expenses $797,140

TOTAL EXPENSES $1,133,049

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,543,558	$1,209,420	+0.3%
Expenses	$1,133,049	$994,988	+0.1%
Net Income	$410,509	$214,432	+0.9%

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

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
JOSEPH S CHAN	DIRECTOR	1.00	Director	$0	$0	$0
LILY CHAN	TREASURER	2.00	Officer Director	$0	$0	$0
TAT WAI CHAN	CHAIRMAN	2.00	Officer Director	$0	$0	$0
WAI S CHAN	DIRECTOR/AUD	2.00	Officer Director	$0	$0	$0
SHASHA CHEN	DIR/ENGLISHS	2.00	Officer Director	$0	$0	$0
BONNIE CHIN	PRESIDENT	1.00	Officer Director	$0	$0	$0
JERRY K GEE	DIRECTOR	3.00	Director	$0	$0	$0
KONG JIT IAN	CHINESE SECR	2.00	Officer Director	$0	$0	$0
SONNY LAU	DIRECTOR	1.00	Director	$0	$0	$0
STEPHEN LEE MOY	DIRECTOR	1.00	Director	$0	$0	$0
WAYNE MOY	DIRECTOR	1.00	Director	$0	$0	$0
KIN S NG	DIRECTOR	2.00	Director	$0	$0	$0
PHILIP OU	DIRECTOR	1.00	Director	$0	$0	$0
STEPHEN QUAN	DIRECTOR	1.00	Director	$0	$0	$0
CHIEN K TAM	DIRECTOR	1.00	Director	$0	$0	$0
KUO CHENG TSUNG	DIRECTOR	1.00	Director	$0	$0	$0
YMAN VIEN	DIRECTOR	1.00	Director	$0	$0	$0
HERMAN WONG	DIRECTOR	1.00	Director	$0	$0	$0
YUHUI WU	AUDITOR	2.00	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
2025	$1,543,558	$1,133,049	$6,063,973	$410,509
2024	$1,209,420	$994,988	$5,976,306	$214,432
2023	$951,714	$870,660	$6,102,717	$81,054
2022	$1,094,255	$823,537	$4,668,398	$270,718
2021	$913,670	$799,335	$4,528,842	$114,335

CHINESE CONSOLIDATED BENEVOLENT ASSOCIATION OF CHICAGO