FRIENDS OF TAIWAN FOUNDATION

EIN: 814535104 501(c)(3)

LIBERTYVILLE, IL

Total Revenue
$1,087,180
Total Expenses
$983,087
Total Assets
$112,293
Net Assets
$112,293
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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
2017
Legal Domicile
IL
Principal Officer
JUNIOR HSU
Phone
8479626277
Tax Period
2020-01-01 to 2020-12-31

FRIENDS OF TAIWAN FOUNDATION, founded in 2017, is a community nonprofit that reported $1.1M in total revenue in fiscal year 2020. Expenses of $983K left a modest 10% surplus.

Mission

The Friends of Taiwan Foundation is a secular, apolitical, and non-profit organization that aims to promote a friendly relationship between the respective people of the United States and Taiwan.

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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 (2020)

Revenue Breakdown

Contributions & Grants $1,086,741
Program Service Revenue $0
Investment Income $439
Other Revenue $0
TOTAL REVENUE $1,087,180

Expense Breakdown

Grants Paid $967,342
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $967,342
Other Expenses $15,745
TOTAL EXPENSES $983,087

Year-over-Year Comparison

2020 2019 Change
Revenue $1,087,180 N/A N/A
Expenses $983,087 $44,242 +21.2%
Net Income $104,093 $-44,242 -3.4%
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
5
Independent Members
5
Employees
N/A
Volunteers
3

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
7
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JUNIOR HSU PRESIDENT N/A
Officer Director
$0 $0 $0
ERIC CHIOU DIRECTOR N/A
Officer Director
$0 $0 $0
MONIQUE LEE TREASURER N/A
Officer Director
$0 $0 $0
TSUENG-NENG CHEN SECRETARY N/A
Officer Director
$0 $0 $0
JERRY LEE DIRECTOR N/A
Officer Director
$0 $0 $0
LAWRENCE MING-LUNG TANG DIRECTOR N/A
Officer Director
$0 $0 $0
JACKSON YANG DIRECTOR N/A
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
2020 $1,087,180 $983,087 $112,293 $104,093
2019 No data $44,242 No data No data
2018 $117,000 $30,603 $393,153 $86,397
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