CHINESE MUTUAL AID ASSOCIATION

EIN: 363139799 501(c)(3) Human Services

CHICAGO, IL

Total Revenue
$14,592,859
Total Expenses
$14,416,677
Total Assets
$8,748,325
Net Assets
$6,004,260
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1981
Legal Domicile
IL
Principal Officer
RHEA YAP
Phone
7737842900
Tax Period
2024-07-01 to 2025-06-30

Chinese Mutual Aid Association, founded in 1981, is a mid-sized nonprofit in the Human Services sector that reported $10.5M in total revenue in fiscal year 2020. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $9.7M left a modest 8% surplus.

Mission

PROUDLY FOUNDED BY ETHNIC CHINESE REFUGEES, CHINESE MUTUAL AID ASSOCIATION (CMAA) IS LED BY MANY PROMINENT INDIVIDUALS FROM THE ASIAN AMERICAN COMMUNITY. OUR PURPOSE IS TO SERVE THE NEEDS, PROMOTE THE INTERESTS, AND ENHANCE THE WELL-BEING OF LOW-INCOME, DIVERSE IMMIGRANT AND REFUGEE COMMUNITIES ACROSS METROPOLITAN CHICAGO THROUGH SOCIAL SERVICES, ADVOCACY, AND EDUCATIONAL PROGRAMMING, AND ASSISTANCE FOR YOUTH, ADULTS, THE ELDERLY, AND SMALL BUSINESSES.

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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 $2,482,255
Program Service Revenue $11,796,270
Investment Income $101,952
Other Revenue $212,382
TOTAL REVENUE $14,592,859

Expense Breakdown

Grants Paid $0
Salaries & Benefits $11,564,203
Fundraising Expenses $434,899
Program Expenses $12,798,745
Other Expenses $2,852,474
TOTAL EXPENSES $14,416,677

Year-over-Year Comparison

2024 2023 Change
Revenue $14,592,859 $14,778,114 0.0%
Expenses $14,416,677 $14,357,229 +0.0%
Net Income $176,182 $420,885 -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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Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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Liquidity & Cash Position

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

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Governance

Voting Members
11
Independent Members
11
Employees
456
Volunteers
100

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
6
$270,533
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BART MOY PRESIDENT 1.00
Officer Director
$0 $0 $0
LUYAN LI TREASURER 1.00
Officer Director
$0 $0 $0
JOHN TAO SECRETARY 1.00
Officer Director
$0 $0 $0
MICHAEL CHIN VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
TIANYI JOE ZHU DIRECTOR 1.00
Director
$0 $0 $0
DENNY LAU DIRECTOR 1.00
Director
$0 $0 $0
LAURA LEE DIRECTOR 1.00
Director
$0 $0 $0
LANG NGUYEN DIRECTOR 1.00
Director
$0 $0 $0
AJAY SHAH DIRECTOR 1.00
Director
$0 $0 $0
YMAN VIEN DIRECTOR 1.00
Director
$0 $0 $0
ROXANNE VOLKMANN DIRECTOR 1.00
Director
$0 $0 $0
RAJAN SHAHI KHADGI CO-INTERIM EXECUTIVE DIRECTOR 40.00
Officer
$140,754 $2,946 $143,700
RHEA YAP CO-INTERIM EXECUTIVE DIRECTOR 40.00
Officer
$119,057 $7,776 $126,833
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 $14,592,859 $14,416,677 $8,748,325 $176,182
2024 $14,778,114 $14,357,229 $6,887,596 $420,885
2023 $12,758,358 $12,425,195 $6,028,654 $333,163
2022 $10,929,643 $10,650,254 $5,927,366 $279,389
2021 $10,462,506 $9,653,803 $5,117,054 $808,703
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