WASHINGTON CHINATOWN DEVEL COMPANY INC (EIN 521132541) - 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

1977

Legal Domicile

Phone

2024088049

Tax Period

2024-01-01 to 2024-12-31

WASHINGTON CHINATOWN DEVEL COMPANY INC, founded in 1977, is a small nonprofit that reported $274K in total revenue in fiscal year 2024. Revenue fell 32% from the prior year — a significant decline worth monitoring. Expenses of $255K left a modest 7% surplus.

Mission

THE PURPOSES AND OBJECTIVES OF THE CORPORATION ARE TO PROTECT THE PROPERTY; TO OVERSEE THE OPERATION; AND TO PROMOTE THE WELFARE OF THE RESIDENTS

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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 (2024)

Revenue Breakdown

Contributions & Grants $4,500

Program Service Revenue $0

Investment Income $46,398

Other Revenue $223,570

TOTAL REVENUE $274,468

Expense Breakdown

Grants Paid $255,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $255,300

Other Expenses $354

TOTAL EXPENSES $255,354

Year-over-Year Comparison

	2024	2023	Change
Revenue	$274,468	$404,660	-0.3%
Expenses	$255,354	$353,613	-0.3%
Net Income	$19,114	$51,047	-0.6%

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

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
WAI MAN LEE	Treasurer	2.00	Officer Director	$0	$0	$0
KAI F YEE	VICECHAIR	1.00	Officer Director	$0	$0	$0
YOUNG WOO	Secretary	1.00	Officer Director	$0	$0	$0
HO-I WU	Director	1.00	Director	$0	$0	$0
HONG YUEN WONG	Director	1.00	Director	$0	$0	$0
ART P LEE	Director	1.00	Director	$0	$0	$0
WALLACE LEE	Director	1.00	Director	$0	$0	$0
JEANNY HO	Director	1.00	Director	$0	$0	$0
SUI CHAN	Director	1.00	Director	$0	$0	$0
RITA LEE	Chairman	1.00	Officer 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	$274,468	$255,354	$653,736	$19,114
2023	$404,660	$353,613	$615,580	$51,047
2022	$460,627	$474,677	$536,523	$-14,050
2021	$379,154	$407,547	$589,319	$-28,393
2020	$14,188	$636,362	$1,647,206	$-622,174
2019	$265,219	$294,825	$2,260,367	$-29,606

WASHINGTON CHINATOWN DEVEL COMPANY INC