FORMOSAN ARTS AND TECHNOLOGY MUSEUM

EIN: 384187902 501(c)(3) Public & Societal Benefit

TORRANCE, CA

Total Revenue
$187,968
Total Expenses
$77,567
Total Assets
$110,401
Net Assets
$110,401
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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
2021
Legal Domicile
CA
Phone
3105616088
Tax Period
2021-06-01 to 2022-05-31

FORMOSAN ARTS AND TECHNOLOGY MUSEUM, founded in 2021, is a small nonprofit in the Public & Societal Benefit sector that reported $188K in total revenue in fiscal year 2021. The organization ran a surplus of $110K, a strong 59% operating margin.

Mission

To operate a museum to document,acquire and display objects, artifacts with regard to the Taiwanese/American experience in America to foster greater understanding of the Taiwanese/American heritage and their contributions in America and to foster greater understanding amoung all Americans.

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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 (2021)

Revenue Breakdown

Contributions & Grants $187,966
Program Service Revenue $0
Investment Income $2
Other Revenue $0
TOTAL REVENUE $187,968

Expense Breakdown

Grants Paid $0
Salaries & Benefits $17,534
Fundraising Expenses $0
Program Expenses $77,567
Other Expenses $60,033
TOTAL EXPENSES $77,567

Year-over-Year Comparison

2021 2020 Change
Revenue $187,968 N/A N/A
Expenses $77,567 N/A N/A
Net Income $110,401 N/A N/A
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
N/A
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
0
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DENNIS CHEN CEO 1.00
Director
$0 $0 $0
DANIEL C HSU Treasurer 0.25
Director
$0 $0 $0
HUAN HAO SU Secretary 40.00
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
2022 $187,968 $77,567 $110,401 $110,401
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