CARY CHINESE SCHOOL

EIN: 582669269 501(c)(3) Arts, Culture & Humanities

Raleigh, NC

Total Revenue
$729,627
Total Expenses
$622,058
Total Assets
$792,944
Net Assets
$781,152
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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
2003
Legal Domicile
NC
Principal Officer
Jeff Wang
Phone
9193456294
Tax Period
2024-01-01 to 2024-12-31

CARY CHINESE SCHOOL, founded in 2003, is a small nonprofit in the Arts, Culture & Humanities sector that reported $730K in total revenue in fiscal year 2024. Revenue surged 22% from the prior year, signaling strong growth momentum. Expenses of $622K left a modest 15% surplus.

Mission

Cary Chinese School provides weekend Chinese language courses to students from Pre-K to 8th grade.

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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 $4,418
Program Service Revenue $713,202
Investment Income $12,007
Other Revenue $0
TOTAL REVENUE $729,627

Expense Breakdown

Grants Paid $0
Salaries & Benefits $382,082
Fundraising Expenses $0
Program Expenses $622,058
Other Expenses $239,976
TOTAL EXPENSES $622,058

Year-over-Year Comparison

2024 2023 Change
Revenue $729,627 $596,919 +0.2%
Expenses $622,058 $639,337 0.0%
Net Income $107,569 $-42,418 -3.5%
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
7
Independent Members
2
Employees
100
Volunteers
300

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
$6,810
Total Directors
7
$123,895
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Yuan Wang Chairman 35
Director
$67,855 $0 $70,855
Yaling Xiong Turstee 15
Director
$12,730 $0 $12,730
Xinrong Jiang Trustee and Assistant Treasurer 15
Director
$12,200 $0 $12,200
Xiaozhen Yu Trustee 10
Director
$8,660 $0 $8,660
Shengrong Ye Trustee 10
Director
$8,200 $0 $8,200
Jin Shi Principle 10
Officer
$6,810 $0 $6,810
Wenji Zhao Trustee 10
Director
$5,750 $0 $5,750
Wenjun Bao Turstee and Treasurer 10
Director
$5,500 $0 $5,500
Jeff Wang Controller 10
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
2025 No data No data No data No data
2024 $729,627 $622,058 $792,944 $107,569
2023 $596,919 $639,337 $691,770 $-42,418
2022 $673,936 $614,920 $732,934 $59,016
2021 $412,797 $450,558 $647,239 $-37,761
2020 $491,817 $354,750 $681,927 $137,067
2019 $541,959 $340,939 $574,935 $201,020
2018 $376,822 $313,329 $341,141 $63,493
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