TX PERFORMING CHINESE ARTS

EIN: 752401746 501(c)(3)

RICHARDSON, TX

Total Revenue
$11,758
Total Expenses
$94,586
Total Assets
$1,236,516
Net Assets
$1,228,824
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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
1991
Legal Domicile
TX
Principal Officer
DAVID WONG
Phone
9729728186
Tax Period
2023-01-01 to 2023-12-31

TX PERFORMING CHINESE ARTS, founded in 1991, is a micro nonprofit that reported $12K in total revenue in fiscal year 2023. Revenue fell 98% from the prior year — a significant decline worth monitoring. Expenses of $95K exceeded revenue, resulting in a 704% operating deficit.

Mission

MUSIC PERFORMING, MUSIC EDUCATION, CIVIC SERVICE

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $21,670
Other Revenue $-9,912
TOTAL REVENUE $11,758

Expense Breakdown

Grants Paid $0
Salaries & Benefits $53,867
Fundraising Expenses $0
Other Expenses $40,719
TOTAL EXPENSES $94,586

Year-over-Year Comparison

2023 2022 Change
Revenue $11,758 $582,675 -1.0%
Expenses $94,586 $60,541 +0.6%
Net Income $-82,828 $522,134 -1.2%
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
1
Independent Members
N/A
Employees
N/A
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
0
$0
Total Directors
1
$50,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVID WONG CONDUCTOR 30.00
Director
$50,000 $0 $50,000
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
2023 $11,758 $94,586 $1,236,516 $-82,828
2022 $582,675 $60,541 $1,311,652 $522,134
2021 $72,562 $82,892 $945,290 $-10,330
2020 $97,780 $62,996 $1,013,311 $34,784
2019 $173,835 $135,301 $1,008,379 $38,534
2018 $142,822 $119,351 $1,028,748 $23,471
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