CHENG ASIAN ART FOUNDATION INC

EIN: 454759013 501(c)(3) Arts, Culture & Humanities

NEW YORK, NY

Total Revenue
$163,397
Total Expenses
$24,725
Total Assets
$406,893
Net Assets
$382,413
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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
2014
Legal Domicile
NY
Principal Officer
SIU KI CHENG
Phone
7186690918
Tax Period
2025-03-01 to 2026-02-28

CHENG ASIAN ART FOUNDATION INC, founded in 2014, is a small nonprofit in the Arts, Culture & Humanities sector that reported $163K in total revenue in fiscal year 2025. Revenue surged 63% from the prior year, signaling strong growth momentum. The organization ran a surplus of $139K, a strong 85% operating margin.

Mission

SINCE 2015 WE HAVE AND CONTINUE TO SPONSOR LOCAL ART AND CULTURE PERFOMANCES.

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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 (2025)

Revenue Breakdown

Contributions & Grants $159,000
Program Service Revenue $0
Investment Income $4,397
Other Revenue $0
TOTAL REVENUE $163,397

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $20,375
Other Expenses $24,725
TOTAL EXPENSES $24,725

Year-over-Year Comparison

2025 2024 Change
Revenue $163,397 $100,000 +0.6%
Expenses $24,725 $1,735 +13.3%
Net Income $138,672 $98,265 +0.4%
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
4
Independent Members
4
Employees
N/A
Volunteers
4

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
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SIU KI CHENG DIRECTOR 20.00
$0 $0 $0
HIU IAN CHENG AUTHORIZED OFFICER 5.00
$0 $0 $0
BUN B CHENG OFFICER 5.00
$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
2026 $163,397 $24,725 $406,893 $138,672
2025 $100,000 $1,735 $290,886 $98,265
2024 No data $674 $193,821 No data
2023 No data $101 $193,845 No data
2022 No data $30,502 $193,946 No data
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