FRIENDS OF TAIWAN FOUNDATION

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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

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.

Program Service Accomplishments

Program 1

Expenses: $520,000 Revenue: $541,500

DUE TO THE COVID-19 FRIENDS OF TAIWAN FOUNDATION DONATED MILLIONS OF MEDICAL FACE MASKS IMPORTED FROM TAIPEI CITY TAIWAN AND DONATE TO THE COMMUNITY IN NEED IN IL, CA AND MD. FOR EXAMPLE, STEPPING...

DUE TO THE COVID-19 FRIENDS OF TAIWAN FOUNDATION DONATED MILLIONS OF MEDICAL FACE MASKS IMPORTED FROM TAIPEI CITY TAIWAN AND DONATE TO THE COMMUNITY IN NEED IN IL, CA AND MD. FOR EXAMPLE, STEPPING STONES SHELTER , BALTIMORE POLICE DEPARTMENT, YWCA CENTER,AND MUSLIM COMMUNITY IN MD RECEIVED 10,000 MASKS EACH AND YOUTH FOR TOMORROW CENTER IN VA RECEIVED 10,000 AS WELL.

Program 2

Expenses: $285,000 Revenue: $246,950

DONATED PPE SUPPLIES AND MEDICAL MASKS TO SENOR CENTERS IN NEED DUE TO THE COVID-19 PANDEMIC. FOR EXAMPLE, FRIENDS OF TAIWAN FOUNDATION DONATED 30,000 FACE MASKS TO THE CCBA SENIOR CENTER IN...

DONATED PPE SUPPLIES AND MEDICAL MASKS TO SENOR CENTERS IN NEED DUE TO THE COVID-19 PANDEMIC. FOR EXAMPLE, FRIENDS OF TAIWAN FOUNDATION DONATED 30,000 FACE MASKS TO THE CCBA SENIOR CENTER IN WASHINGTON DC.

Program 3

Expenses: $162,342 Revenue: $127,150

IMPORTED FDA CERTIFIED FACIAL MASKS FROM TAICHUNG CITY TAIPEI, AND DONATED TO LOCAL ORGANIZATIONS AND COMMUNITY DURING THE PANDEMIC. IN JUNE 2020, FRIENDS OF TAIWAN DONATED 20,000 FACE MASKS TO THE...

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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 (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

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

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
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