RALEIGH ACADEMY OF CHINESE LANGUAGE

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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

1995

Legal Domicile

Principal Officer

Fang Guo

Phone

9197448665

Tax Period

2023-01-01 to 2023-12-31

RALEIGH ACADEMY OF CHINESE LANGUAGE, founded in 1995, is a small nonprofit in the Education sector that reported $192K in total revenue in fiscal year 2023. Revenue surged 34% from the prior year, signaling strong growth momentum. Expenses of $170K left a modest 11% surplus.

Mission

Its objectives include promoting Chinese language, teaching Chinese and Oriental history and culture, and enhancing the understanding and friendship among various background people in our community in the Triangle area of North Carolina. RACL strives to reach its goal by conducting school year-long Saturday classes, sponsoring Chinese culture oriented activities, and playing an active and contributing role in our community.

Program Service Accomplishments

Program 1

Expenses: $127,582 Revenue: $165,660

Language program

Program 2

Expenses: $42,528 Revenue: $165,660

Activity program

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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 $25,057

Program Service Revenue $165,660

Investment Income $1,448

Other Revenue $0

TOTAL REVENUE $192,165

Expense Breakdown

Grants Paid $93,479

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $170,110

Other Expenses $76,631

TOTAL EXPENSES $170,110

Year-over-Year Comparison

	2023	2022	Change
Revenue	$192,165	$143,588	+0.3%
Expenses	$170,110	$156,395	+0.1%
Net Income	$22,055	$-12,807	-2.7%

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

Employees

N/A

Volunteers

100

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
Fang Guo	Principal	10	Officer	$0	$0	$0
Miaozheng Li	Vice Principal	6	Officer	$0	$0	$0
Jian Gao	PTA President	6	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	No data	No data	No data	No data
2023	$192,165	$170,110	$446,310	$22,055
2022	$143,588	$156,395	$424,255	$-12,807
2021	$143,013	$108,282	$437,062	$34,731
2020	$123,926	$95,391	$402,331	$28,535