AHSC QALICB (EIN 814978022) - 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

2016

Legal Domicile

Principal Officer

HOLDEN LEUNG

Phone

5038728822

Tax Period

2023-07-01 to 2024-06-30

AHSC QALICB, founded in 2016, is a small nonprofit in the Housing & Shelter sector that reported $560K in total revenue in fiscal year 2023. Revenue decreased 8% compared to the prior year. Expenses of $1.0M exceeded revenue, resulting in a 79% operating deficit.

Mission

TO ACQUIRE AND DEVELOP A HEALTH AND SERVICE CENTER THAT WILL INCLUDE A HEALTH CLINIC, OFFICES AND COMMUNITY SPACE FOR CLASSES, MEAL PROGRAMS, AND OTHER COMMUNITY ACTIVITIES

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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 $0

Program Service Revenue $560,150

Investment Income $0

Other Revenue $0

TOTAL REVENUE $560,150

Expense Breakdown

Grants Paid $280,000

Salaries & Benefits $0

Fundraising Expenses $21,731

Program Expenses $497,308

Other Expenses $723,610

TOTAL EXPENSES $1,003,610

Year-over-Year Comparison

	2023	2022	Change
Revenue	$560,150	$611,073	-0.1%
Expenses	$1,003,610	$946,869	+0.1%
Net Income	$-443,460	$-335,796	+0.3%

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

$193,520

Total Directors

$193,520

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HOLDEN LEUNG	PRESIDENT	1.00	Officer Director	$0	$7,890	$193,520
DR PAUL LEUNG	SECRETARY	1.00	Officer Director	$0	$0	$0
JOHN LAU	DIRECTOR	1.00	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
2025	No data	No data	No data	No data
2024	$560,150	$1,003,610	$86,853	$-443,460
2023	$611,073	$946,869	$14,041,377	$-335,796
2022	$611,073	$883,333	$14,353,857	$-272,260
2021	$611,073	$865,321	$14,608,268	$-254,248
2020	$611,073	$860,760	$14,844,738	$-249,687
2019	$611,073	$666,398	$15,076,717	$-55,325

AHSC QALICB