CHINATOWN PARTNERSHIP LOCAL DEVELOPMENT CORP (EIN 421650478) - 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

2004

Legal Domicile

Principal Officer

WELLINGTON CHEN

Phone

2123469288

Tax Period

2022-07-01 to 2023-06-30

CHINATOWN PARTNERSHIP LOCAL DEVELOPMENT CORP, founded in 2004, is a small nonprofit in the Community Improvement sector that reported $120K in total revenue in fiscal year 2022. Revenue fell 64% from the prior year — a significant decline worth monitoring. Expenses of $143K exceeded revenue, resulting in a 19% operating deficit.

Mission

PROVIDING PROGRAMS THAT BENEFIT RESIDENTS AND ORGANIZATIONS IN THE CHINATOWN SECTION OF NYC.

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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 (2022)

Revenue Breakdown

Contributions & Grants $77,084

Program Service Revenue $37,068

Investment Income $6,151

Other Revenue $0

TOTAL REVENUE $120,303

Expense Breakdown

Grants Paid $0

Salaries & Benefits $53,226

Fundraising Expenses $786

Program Expenses $110,983

Other Expenses $89,851

TOTAL EXPENSES $143,077

Year-over-Year Comparison

	2022	2021	Change
Revenue	$120,303	$334,557	-0.6%
Expenses	$143,077	$203,915	-0.3%
Net Income	$-22,774	$130,642	-1.2%

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

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

$136,604

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WARREN W CHIN	CHAIR	0.50	Officer Director	$0	$0	$0
JUNE JEE	VICE CHAIR	0.50	Officer Director	$0	$0	$0
DAVID S CHEN	CO-TREASURER	0.50	Officer Director	$0	$0	$0
KY CHOW	CO-TREASURER	0.50	Officer Director	$0	$0	$0
SPENCER CHAN	CO-SECRETARY	0.50	Officer Director	$0	$0	$0
SIO WAI SANG	CO-SECRETARY	0.50	Officer Director	$0	$0	$0
KENNY CHAN	DIRECTOR	0.50	Director	$0	$0	$0
YANG CHEN	DIRECTOR	0.50	Director	$0	$0	$0
JIMMY CHENG	DIRECTOR	0.50	Director	$0	$0	$0
DAVID FU	DIRECTOR	0.50	Director	$0	$0	$0
MICHAEL LAMBERTI	DIRECTOR	0.50	Director	$0	$0	$0
ELIZABETH LEE	DIRECTOR	0.50	Director	$0	$0	$0
TINA LEE	DIRECTOR	0.50	Director	$0	$0	$0
ROBIN MUI	DIRECTOR	0.50	Director	$0	$0	$0
MEESEUNG JUDY NG	DIRECTOR	0.50	Director	$0	$0	$0
RAYMOND TSANG	DIRECTOR	0.50	Director	$0	$0	$0
TIMOTHY K WONG	DIRECTOR	0.50	Director	$0	$0	$0
PATRICK YAU	DIRECTOR	0.50	Director	$0	$0	$0
WELLINGTON CHEN	EXECUTIVE DIRECTOR	25.00	Officer	$125,000	$11,604	$136,604

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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$120,303	$143,077	$573,687	$-22,774
2022	$334,557	$203,915	$626,132	$130,642
2021	$222,792	$274,766	$549,333	$-51,974
2020	$192,381	$167,360	$615,054	$25,021
2019	$257,135	$222,090	$561,450	$35,045
2018	$169,055	$168,232	$507,542	$823

CHINATOWN PARTNERSHIP LOCAL DEVELOPMENT CORP