CHINA MUSIC FOUNDATION

EIN: 383421369 501(c)(3) Arts, Culture & Humanities

ANN ARBOR, MI

Total Revenue
$1,900
Total Expenses
$43,277
Total Assets
$6,780
Net Assets
$6,780
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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
1997
Legal Domicile
MI
Principal Officer
XIANG GAO
Tax Period
2019-07-01 to 2020-06-30

CHINA MUSIC FOUNDATION, founded in 1997, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $2K in total revenue in fiscal year 2019. Revenue fell 99% from the prior year — a significant decline worth monitoring. Expenses of $43K exceeded revenue, resulting in a 2178% operating deficit.

Mission

TO SUPPORT INTERNATIONAL MUSICAL AND EDUCATIONAL EVENTS PROMOTING SINO-US 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%)

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Financial Overview (2019)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $1,900
Investment Income $0
Other Revenue $0
TOTAL REVENUE $1,900

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $43,277
Other Expenses $43,277
TOTAL EXPENSES $43,277

Year-over-Year Comparison

2019 2018 Change
Revenue $1,900 $299,173 -1.0%
Expenses $43,277 $300,858 -0.9%
Net Income $-41,377 $-1,685 +23.6%
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

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Governance

Voting Members
3
Independent Members
3
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
3
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
XIANG GAO PRESIDENT 20.00
Officer
$0 $0 $0
GENGNA WANG SECRETARY 5.00
Officer
$0 $0 $0
WEI WU TREASURER 5.00
Officer
$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
2020 $1,900 $43,277 $6,780 $-41,377
2019 $299,173 $300,858 $48,157 $-1,685
2018 $272,818 $270,704 $44,842 $2,114
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