Wealth By Health Steps For Change … - Form 990 Financial Data

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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

2015

Legal Domicile

Principal Officer

Kevin IP

Phone

8889969985

Tax Period

2023-01-01 to 2023-12-31

Wealth By Health Steps For Change Foundation, founded in 2015, is a small nonprofit in the Human Services sector that reported $404K in total revenue in fiscal year 2023. Revenue surged 32% from the prior year, signaling strong growth momentum. Expenses of $384K left a modest 5% surplus.

Mission

Wealth By Health Steps for Change Foundation aims to enhance the lives of the underprivileged in the hopes of creating a path towards a brighter future.

Program Service Accomplishments

Program 1

Expenses: $139,821

T2T (Test-to-Treat Program) We Provide free test kits to patients who have COVID-19 symptoms. Patients who are tested positive will be arranged to see medical provider via tele-medic and dispense...

T2T (Test-to-Treat Program) We Provide free test kits to patients who have COVID-19 symptoms. Patients who are tested positive will be arranged to see medical provider via tele-medic and dispense medication for treatment as directed by doctors Program Expenses : Advertising $ 9,320 Building Modification 37,580 Medicine & Medical Supplies 3,931 Office Expense 2,900 Office Supplies & Printing 51,743 Provider Per Diem 29,400 Transportatio & Gas 4,947 _________ Total $139,821

Program 2

Expenses: $91,003

Jakarta,Indonesia Medical Mission - 5/20/2023 to 6/1/2023) We provide free health services to patients from the outskirts of Jakarta who face challenges in accessing quality health care. Services...

Jakarta,Indonesia Medical Mission - 5/20/2023 to 6/1/2023) We provide free health services to patients from the outskirts of Jakarta who face challenges in accessing quality health care. Services include dental, medical,eastern medicine and vision Program Expense: Medicines & Medical Supplies $77,427 Insurance 5,332 Travel and Lodging 8,244 ________ Total $91,003

Program 3

Expenses: $35,288

Free Health Clinic Wealth By Health had hosted three(3) free health clinicsee clinics at the following location: Dhrama Seal Temple on 4/16/2023, and 8/6/2023 Rosemead Comunity Center on 11/19/2023 Services include teeth cleaning,filling,extraction, internal medicine,cardiology,urology, oncology, acupuncture,acupressure,Covid 19 and flu vaccines, provided by advanced appointmentand walk-in as well. Program Expense: Advertising & Promotion $5,925 Medicines & Medical Supplies 5,233 Insurance 10,305 Lunch 9,738 Office Supplies & Printing 4,087 _______ Total $35,288

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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 $397,738

Program Service Revenue $0

Investment Income $6,065

Other Revenue $0

TOTAL REVENUE $403,803

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $296,554

Other Expenses $383,901

TOTAL EXPENSES $383,901

Year-over-Year Comparison

	2023	2022	Change
Revenue	$403,803	$306,322	+0.3%
Expenses	$383,901	$243,224	+0.6%
Net Income	$19,902	$63,098	-0.7%

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

N/A

Employees

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Kevin IP	CEO, Secretary	30.00	Officer	$0	$0	$0
Chong Le	COO	40.00	Officer	$0	$0	$0
Yung H Ta	CFO	40.00	Officer	$0	$0	$0
Hong Zheng	Director	8.00	Officer	$0	$0	$0
Pao Lien Chang	Director	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	$403,803	$383,901	$348,160	$19,902
2022	$306,322	$243,224	$338,203	$63,098
2021	$316,648	$294,398	$297,469	$22,250
2020	$222,044	$207,938	$25,893	$14,106

Wealth By Health Steps For Change Foundation