SUNRAY COMMUNITIES INC (EIN 752543538) - Form 990 Financial Analysis & Trantor Score

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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

1994

Legal Domicile

Principal Officer

Ting-Whai Lee

Phone

9727138888

Tax Period

2024-01-01 to 2024-12-31

SUNRAY COMMUNITIES INC, founded in 1994, is a small nonprofit in the Housing & Shelter sector that reported $326K in total revenue in fiscal year 2024. Net assets of $1.0M represent 38 months of operating reserves.

Mission

To provide housing to elderly persons and handicapped persons with housing facilities and services specially designed to meet their physical, social and phychological needs.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $323,464

Investment Income $2,561

Other Revenue $0

TOTAL REVENUE $326,025

Expense Breakdown

Grants Paid $0

Salaries & Benefits $108,381

Fundraising Expenses $0

Program Expenses $358,299

Other Expenses $249,918

TOTAL EXPENSES $358,299

Year-over-Year Comparison

	2024	2023	Change
Revenue	$326,025	$313,376	+0.0%
Expenses	$358,299	$351,964	+0.0%
Net Income	$-32,274	$-38,588	-0.2%

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

Governance

Voting Members

Independent Members

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Steve Chao	President	5.00	Officer Director	$0	$0	$0
Charles Ku	Vice President	2.00	Officer Director	$0	$0	$0
Eric Ko	Secretary	5.00	Officer Director	$0	$0	$0
Ting-Whai Lee	Treasurer	5.00	Officer 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
2024	$326,025	$358,299	$1,080,949	$-32,274
2023	$313,376	$351,964	$1,094,452	$-38,588
2022	$286,066	$354,682	$1,152,916	$-68,616
2021	$276,756	$358,314	$1,234,372	$-81,558
2020	$268,815	$336,891	$1,286,867	$-68,076
2019	$266,364	$320,523	$1,343,785	$-54,159
2018	$267,250	$305,180	$1,397,383	$-37,930

SUNRAY COMMUNITIES INC