JUNG TAO SCHOOL OF CLASSICAL CHINESE MEDICINE

EIN: 562057124 501(c)(3) Education

SUGAR GROVE, NC

Total Revenue
$1,129,222
Total Expenses
$1,037,011
Total Assets
$1,979,911
Net Assets
$1,824,554
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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
NC
Phone
8282974181
Tax Period
2024-01-01 to 2024-12-31

JUNG TAO SCHOOL OF CLASSICAL CHINESE MEDICINE, founded in 1977, is a community nonprofit in the Education sector that reported $1.1M in total revenue in fiscal year 2024. Expenses of $1.0M left a modest 8% surplus.

Mission

TO EDUCATE STUDENTS IN THE ART OF CLASSICAL CHINESE MEDICINE AND TO PREPARE THEM FOR PROFESSIONAL PRACTICE AS SKILLED ACUPUNCTURISTS AND HEALTH CARE PROFESSIONALS

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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 (2024)

Revenue Breakdown

Contributions & Grants $29,562
Program Service Revenue $1,082,836
Investment Income $16,824
Other Revenue $0
TOTAL REVENUE $1,129,222

Expense Breakdown

Grants Paid $0
Salaries & Benefits $677,447
Fundraising Expenses $0
Program Expenses $1,002,389
Other Expenses $359,564
TOTAL EXPENSES $1,037,011

Year-over-Year Comparison

2024 2023 Change
Revenue $1,129,222 $1,131,561 0.0%
Expenses $1,037,011 $922,686 +0.1%
Net Income $92,211 $208,875 -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

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Governance

Voting Members
6
Independent Members
6
Employees
24
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
5
$0
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MIKE DENBOW BOARD MEMBER 2.00
Director
$0 $0 $0
CARRINGTON PERTALION BOARD MEMBER 2.00
Director
$0 $0 $0
SHAWN ARTHUR CHAIRMAN 2.00
Officer Director
$0 $0 $0
ERIC KARCHMER VICE-PRESIDENT 2.00
Officer Director
$0 $0 $0
BURTON MOOMAW SECRETARY 2.00
Officer Director
$0 $0 $0
YVETTE MILLER TREASURER 2.00
Officer Director
$0 $0 $0
SHERRI GREEN PRESIDENT 20.00
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
2024 $1,129,222 $1,037,011 $1,979,911 $92,211
2023 $1,131,561 $922,686 $1,932,418 $208,875
2022 $1,171,581 $862,815 $1,801,737 $308,766
2021 $1,203,439 $938,811 $1,307,787 $264,628
2020 $1,098,926 $812,943 $1,005,197 $285,983
2019 $875,429 $848,877 $728,982 $26,552
2018 $802,132 $778,276 $703,837 $23,856
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