CHINESE ASSOCIATION OF SALINAS

EIN: 770012892 501(c)(3) Arts, Culture & Humanities

SALINAS, CA

Total Revenue
$52,429
Total Expenses
$18,971
Total Assets
$574,040
Net Assets
$574,040
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1936
Legal Domicile
CA
Phone
8317583936
Tax Period
2024-01-01 to 2024-12-31

CHINESE ASSOCIATION OF SALINAS, founded in 1936, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $52K in total revenue in fiscal year 2024. Revenue surged 29% from the prior year, signaling strong growth momentum. The organization ran a surplus of $33K, a strong 64% operating margin.

Mission

THE MISSION OF THE CHINESE ASSOCIATION OF SALINAS IS TO LEAD AND REPRESENT THE CHINESE COMMUNITY IN VARIOUS CITYWIDE EVENTS AND PROJECTS; TO PROVIDE FOR THE WELFARE AND HAPPINESS OF THE CHINESE COMMUNITY BY SPONSORING AND SUPPORTING NONPROFIT ACTIVITIES THAT FOSTER FRIENDSHIP, FAMILY VALUES, CHINESE TRADITIONS, CULTURAL HERITAGE, CHARITY, AND GOODWILL; TO OPERATE AND MAINTAIN A CHINESE SCHOOL FOR EDUCATING AND INSTRUCTING SALINAS AREA CHINESE CHILDREN; AND TO MAINTAIN THE CHINESE CEMETERY FOR HONORING OUR ANCESTORS.

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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 $19,856
Program Service Revenue $0
Investment Income $8,448
Other Revenue $24,125
TOTAL REVENUE $52,429

Expense Breakdown

Grants Paid $3,640
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $17,721
Other Expenses $15,331
TOTAL EXPENSES $18,971

Year-over-Year Comparison

2024 2023 Change
Revenue $52,429 $40,650 +0.3%
Expenses $18,971 $29,176 -0.3%
Net Income $33,458 $11,474 +1.9%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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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
25
Independent Members
25
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
10
$0
Total Directors
25
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CLARA CHAN TREASURER 27.00
Officer Director
$0 $0 $0
ESMOND CHAN ASST SEC / S 15.00
Officer Director
$0 $0 $0
WES CHAN DIRECTOR 25.00
Director
$0 $0 $0
CANDICE CHIN DIRECTOR 12.00
Director
$0 $0 $0
FLORA CHONG SECRETARY 20.00
Officer Director
$0 $0 $0
YING ZHAO DU DIRECTOR 0.00
Director
$0 $0 $0
ALBERT FONG IMMED PAST P 26.00
Officer Director
$0 $0 $0
N/A FINANCIAL SE 18.00
Officer Director
$0 $0 $0
KWOK W GONG PRESIDENT 14.00
Officer Director
$0 $0 $0
JULIA JIN DIRECTOR 9.00
Director
$0 $0 $0
CHIU LEE DIRECTOR 9.00
Director
$0 $0 $0
LOUIS LEE BUILDING COM 15.00
Officer Director
$0 $0 $0
SHIRLEY LEE DIRECTOR 6.00
Director
$0 $0 $0
WANDA LEE DIRECTOR 12.00
Director
$0 $0 $0
WELLINGTON LEE PAST PRES - 0.00
Director
$0 $0 $0
LINDA LOW COLLECTOR @ 18.00
Officer Director
$0 $0 $0
SHERMAN LOW BUILDING COM 20.00
Officer Director
$0 $0 $0
JOYCE LOWE DIRECTOR 8.00
Director
$0 $0 $0
PETER MEI DIRECTOR 6.00
Director
$0 $0 $0
JOHN OW DIRECTOR 4.00
Director
$0 $0 $0
ANDREW TAM DIRECTOR 6.00
Director
$0 $0 $0
HERBERT WONG VP BUILDING 26.00
Officer Director
$0 $0 $0
MICHELLE XU DIRECTOR 8.00
Director
$0 $0 $0
STAN CHAN DIREICTOR 20.00
Director
$0 $0 $0
HENRY GONG DIRECTOR 6.00
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 $52,429 $18,971 $574,040 $33,458
2023 $40,650 $29,176 $540,582 $11,474
2022 $45,209 $21,075 $529,109 $24,134
2021 $24,191 $12,271 $505,575 $11,920
2020 $21,267 $12,253 $493,054 $9,014
2019 $59,480 $31,780 $484,117 $27,700
2018 $57,705 $34,808 $456,417 $22,897
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