Friends of Children with Special Needs (EIN 770446853) - 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

1997

Legal Domicile

Phone

5107396900

Tax Period

2023-01-01 to 2023-12-31

Friends of Children with Special Needs, founded in 1997, is a mid-sized nonprofit in the Health Care sector that reported $15.9M in total revenue in fiscal year 2023. Revenue surged 47% from the prior year, signaling strong growth momentum. The organization ran a surplus of $5.4M, a strong 34% operating margin.

Mission

To help children with special needs and their families to find hope, love, respects, and support through integrated community involvement.

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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 $3,719,943

Program Service Revenue $10,827,210

Investment Income $949,059

Other Revenue $394,508

TOTAL REVENUE $15,890,720

Expense Breakdown

Grants Paid $0

Salaries & Benefits $8,793,966

Fundraising Expenses $80,480

Program Expenses $9,495,033

Other Expenses $1,711,441

TOTAL EXPENSES $10,505,407

Year-over-Year Comparison

	2023	2022	Change
Revenue	$15,890,720	$10,845,507	+0.5%
Expenses	$10,505,407	$7,882,226	+0.3%
Net Income	$5,385,313	$2,963,281	+0.8%

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

191

Volunteers

631

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
Chi-Chen Hwan	Co-President	16.00	Officer	$0	$0	$0
Peter Chan	Vice President	8.00	Officer	$0	$0	$0
Sally Wu	Treasurer	5.00	Officer	$0	$0	$0
Anna Wang	Vice President	40.00	Officer	$0	$0	$0
ChungKun Lee	Co-President	30.00	Officer	$0	$0	$0
Yee-Yeen Wang	Co-Chair	12.00	Officer	$0	$0	$0
Tapin Hu	Vice President	16.00	Officer	$0	$0	$0
James Chiao	Co-Chair	25.00	Officer	$0	$0	$0
Jacqueline Yu	Secretary	5.00	Officer	$0	$0	$0
Edmend Lin	Vice President	8.00	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	$15,890,720	$10,505,407	$32,939,813	$5,385,313
2022	$10,845,507	$7,882,226	$26,368,638	$2,963,281
2021	$10,631,161	$6,447,428	$25,367,213	$4,183,733
2021	$10,406,797	$6,447,428	$25,367,213	$3,959,369
2020	$9,462,756	$6,040,419	$21,715,760	$3,422,337
2019	$8,490,335	$6,189,131	$17,787,921	$2,301,204
2018	$7,681,803	$5,770,910	$15,490,059	$1,910,893

Friends of Children with Special Needs