THE CAROLINAS CHINESE CHMBR OF COMM INC

EIN: 451153403 Community Improvement

Charlotte, NC

Total Revenue
$226,708
Total Expenses
$112,373
Total Assets
$183,396
Net Assets
$180,496
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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
2011
Legal Domicile
NC
Principal Officer
Qing Wang
Phone
9192014959
Tax Period
2023-01-01 to 2023-12-31

THE CAROLINAS CHINESE CHMBR OF COMM INC, founded in 2011, is a small nonprofit in the Community Improvement sector that reported $227K in total revenue in fiscal year 2023. The organization ran a surplus of $114K, a strong 50% operating margin.

Mission

It mission is to create value, generate economic growth, and enhance cooperation between the United States and Asian-American business communities.

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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 (2023)

Revenue Breakdown

Contributions & Grants $226,708
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $226,708

Expense Breakdown

Grants Paid $1,750
Salaries & Benefits $0
Fundraising Expenses $17,193
Program Expenses $109,306
Other Expenses $110,623
TOTAL EXPENSES $112,373

Year-over-Year Comparison

2023 2022 Change
Revenue $226,708 N/A N/A
Expenses $112,373 N/A N/A
Net Income $114,335 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
1
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
1
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Qing Wang President 8.00
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
2023 $226,708 $112,373 $183,396 $114,335
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