CHINATOWN MUSEUM FOUNDATION CHINESE AMERICAN MUSEUM OF CHICAGO (EIN 364492615) - Form 990 Financial Analysis & Trantor Score

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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

2002

Legal Domicile

Principal Officer

EDWARD JUNG

Phone

3129491000

Tax Period

2023-01-01 to 2023-12-31

CHINATOWN MUSEUM FOUNDATION CHINESE AMERICAN MUSEUM OF CHICAGO, founded in 2002, is a small nonprofit in the Arts, Culture & Humanities sector that reported $307K in total revenue in fiscal year 2023. Revenue fell 86% from the prior year — a significant decline worth monitoring. Expenses of $440K exceeded revenue, resulting in a 43% operating deficit.

Mission

PROMOTE CULTURE AND HISTORY OF CHINESE AMERICANS IN THE MIDWEST.

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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 (2023)

Revenue Breakdown

Contributions & Grants $174,641

Program Service Revenue $22,977

Investment Income $48,467

Other Revenue $61,212

TOTAL REVENUE $307,297

Expense Breakdown

Grants Paid $0

Salaries & Benefits $258,684

Fundraising Expenses $841

Program Expenses $344,805

Other Expenses $180,890

TOTAL EXPENSES $439,574

Year-over-Year Comparison

	2023	2022	Change
Revenue	$307,297	$2,246,741	-0.9%
Expenses	$439,574	$363,228	+0.2%
Net Income	$-132,277	$1,883,513	-1.1%

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
EDWARD JUNG	PRESIDENT	2.00	Officer Director	$0	$0	$0
JUDY SOOHOO	SECRETARY	2.00	Officer Director	$0	$0	$0
JOHN HSIAO	TREASURER	2.00	Officer Director	$0	$0	$0
SOO LON MOY	DIRECTOR	2.00	Director	$0	$0	$0
ANDREA STAMM	DIRECTOR	2.00	Director	$0	$0	$0
JOHN ROHSENOW	DIRECTOR	2.00	Director	$0	$0	$0
RICHARD FRACHEY	DIRECTOR	2.00	Director	$0	$0	$0
SWEE CHENG	DIRECTOR	2.00	Director	$0	$0	$0
ROBERT DAVIS	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
2024	No data	No data	No data	No data
2023	$307,297	$439,574	$4,692,759	$-132,277
2022	$2,246,741	$363,228	$4,648,476	$1,883,513
2021	$440,074	$295,121	$2,851,215	$144,953
2020	$228,038	$291,171	$2,639,173	$-63,133
2019	$303,204	$351,650	$2,613,045	$-48,446
2018	$301,745	$291,249	$2,653,285	$10,496
2018	$288,516	$338,345	$2,593,131	$-49,829

CHINATOWN MUSEUM FOUNDATION CHINESE AMERICAN MUSEUM OF CHICAGO