CHINESE-AMERICAN FRIENDSHIP ASSOCIATION

EIN: 562226533 501(c)(3) Arts, Culture & Humanities

Cary, NC

Total Revenue
$218,139
Total Expenses
$169,376
Total Assets
$293,734
Net Assets
$293,734
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2000
Legal Domicile
NC
Principal Officer
Songhua Zhang
Phone
9195700020
Tax Period
2024-01-01 to 2024-12-31

CHINESE-AMERICAN FRIENDSHIP ASSOCIATION, founded in 2000, is a small nonprofit in the Arts, Culture & Humanities sector that reported $218K in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. The organization ran a surplus of $49K, a strong 22% operating margin.

Mission

This organization is to foster friendship among the Chinese and Chinese Americans, to help members succeed in American society, to protect the rights of its members, to promote Chinese culture and education, and to promote Sino-American culture, science, and technology exchange.

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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 $130,206
Program Service Revenue $82,016
Investment Income $5,917
Other Revenue $0
TOTAL REVENUE $218,139

Expense Breakdown

Grants Paid $57,972
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $169,376
Other Expenses $111,404
TOTAL EXPENSES $169,376

Year-over-Year Comparison

2024 2023 Change
Revenue $218,139 $194,986 +0.1%
Expenses $169,376 $144,513 +0.2%
Net Income $48,763 $50,473 0.0%
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

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Liquidity & Cash Position

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Governance

Voting Members
12
Independent Members
6
Employees
N/A
Volunteers
200

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
2
$0
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Yulin Jiang President 5
Officer Director
$0 $0 $0
Jianping Yang Board Member 5
Director
$0 $0 $0
Xilong Zhao Chairman of The Board 5
Director
$0 $0 $0
Jun Liang Board Member 5
Director
$0 $0 $0
Wenzhi Li Board Member 5
Director
$0 $0 $0
Wenqi Fan Board Member 5
Director
$0 $0 $0
Weiwei Zhou Board Member 5
Director
$0 $0 $0
Henry Lu Board Member 5
Director
$0 $0 $0
Songhua Zhang Board Member and Treasurer 15
Officer Director
$0 $0 $0
Bin Li Board Member 5
Director
$0 $0 $0
Ya Liu Board Member 5
Director
$0 $0 $0
Lily Liu Board Member 5
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
2025 No data No data No data No data
2024 $218,139 $169,376 $293,734 $48,763
2020 $280,658 $264,777 $187,830 $15,881
2020 $279,878 $264,777 $187,050 $15,101
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