HEART CHAN (EIN 461064920) - 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

2012

Legal Domicile

Principal Officer

YUCHEN HUANG

Phone

2133094910

Tax Period

2023-01-01 to 2023-12-31

HEART CHAN, founded in 2012, is a small nonprofit in the Religion sector that reported $151K in total revenue in fiscal year 2023. Revenue fell 37% from the prior year — a significant decline worth monitoring. Expenses of $1.1M exceeded revenue, resulting in a 631% operating deficit.

Mission

TO BRING CHAN MEDITATION PRACTICE INTO AS MANY PEOPLES LIVES AS POSSIBLE AND TO HELP PEOPLE TO LIVE A LIFE OF PEACE, LOVE, AND HARMONY AS THEY WALK ALONG THE PATH TOWARD ENLIGHTENMENT.

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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 (2023)

Revenue Breakdown

Contributions & Grants $131,628

Program Service Revenue $0

Investment Income $18,423

Other Revenue $1,040

TOTAL REVENUE $151,091

Expense Breakdown

Grants Paid $876,940

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,050,366

Other Expenses $227,543

TOTAL EXPENSES $1,104,483

Year-over-Year Comparison

	2023	2022	Change
Revenue	$151,091	$241,238	-0.4%
Expenses	$1,104,483	$204,824	+4.4%
Net Income	$-953,392	$36,414	-27.2%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK TROXELL	CEO / DIRECTOR	N/A	Officer Director	$0	$0	$0
CHENG YU CHUNG	DIRECTOR	N/A	Director	$0	$0	$0
PAIHSIEN YU	DIRECTOR	N/A	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
2024	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$151,091	$1,104,483	$1,692,966	$-953,392
2022	$241,238	$204,824	$2,655,871	$36,414
2021	$355,288	$188,145	$2,615,852	$167,143
2020	$263,933	$214,169	$2,448,628	$49,764
2019	$274,209	$323,812	$2,398,288	$-49,603
2018	$330,957	$267,617	$2,495,952	$63,340

HEART CHAN