CHICAGO'S CHINATOWN CHAMBER OF COM… - 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

1983

Legal Domicile

Principal Officer

JIMMY LEE

Phone

3123265320

Tax Period

2024-05-01 to 2025-04-30

CHICAGO'S CHINATOWN CHAMBER OF COMMERCE, founded in 1983, is a small nonprofit that reported $465K in total revenue in fiscal year 2024. Expenses of $447K left a modest 4% surplus.

Mission

TO FACILITATE THE ECONOMIC DEVELOPMENT AND WELFARE OF CHICAGO'S CHINESE COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $196,737

COMMUNITY RELATIONS, AND VARIOUS SOCIAL AND PUBLIC EVENTS THAT FACILITATE THE ECONOMIC DEVELOPMENT AND WELFARE OF CHICAGO'S CHINATOWN COMMUNITY.

Program 2

Expenses: $28,385

NEWSLETTERS, SEMINARS, AND CONFERENCES PROVIDED FOR THE BENEFIT OF MEMBERS.

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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 $292,830

Program Service Revenue $120,624

Investment Income $8,954

Other Revenue $42,668

TOTAL REVENUE $465,076

Expense Breakdown

Grants Paid $0

Salaries & Benefits $229,595

Fundraising Expenses $49,910

Program Expenses $225,122

Other Expenses $217,808

TOTAL EXPENSES $447,403

Year-over-Year Comparison

	2024	2023	Change
Revenue	$465,076	$467,752	0.0%
Expenses	$447,403	$501,741	-0.1%
Net Income	$17,673	$-33,989	-1.5%

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

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
JIMMY LEE	PRESIDENT	2.00	Officer Director	$0	$0	$0
HOMAN WONG	ENGLISH SECRETARY	2.00	Officer Director	$0	$0	$0
FRANK JIAZHAO CHEN	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
GARY CHEN	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
CHARLES LI	CHINESE SECRETARY	2.00	Officer Director	$0	$0	$0
GEORGE GAO	TREASURER	2.00	Director	$0	$0	$0
EDDIE NI	CHAIRMAN	2.00	Officer Director	$0	$0	$0
ANDREW SARGIS	VICE PRESIDENT	2.00	Director	$0	$0	$0
JOYCE CHIU	DIRECTOR	2.00	Director	$0	$0	$0
CHRIS HUANG	DIRECTOR	2.00	Director	$0	$0	$0
XIONG HUI LIANG	DIRECTOR	2.00	Director	$0	$0	$0
YUK K KEN MUI	DIRECTOR	2.00	Director	$0	$0	$0
YUK K KEN MUI	DIRECTOR	2.00	Director	$0	$0	$0
TONY SHU ESQ	DIRECTOR	2.00	Director	$0	$0	$0
JENNY YANG	DIRECTOR	2.00	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
2025	$465,076	$447,403	$531,268	$17,673
2024	$467,752	$501,741	$522,102	$-33,989
2023	$489,595	$374,991	$550,397	$114,604
2022	$360,703	$359,136	$440,561	$1,567
2021	$328,147	$300,270	$374,328	$27,877
2020	$353,587	$364,782	$346,337	$-11,195

CHICAGO'S CHINATOWN CHAMBER OF COMMERCE