HEALTH ELEMENTS ASSOCIATION CORP (EIN 834151753) - 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

2019

Legal Domicile

Principal Officer

ZHONG MING CHEN

Phone

9176507581

Tax Period

2025-01-01 to 2025-12-31

HEALTH ELEMENTS ASSOCIATION CORP, founded in 2019, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $99K in total revenue in fiscal year 2025. Revenue fell 34% from the prior year — a significant decline worth monitoring. Expenses of $116K exceeded revenue, resulting in a 17% operating deficit.

Mission

TO BUILD A HEALTHY COMMUNITY AMONG CHINESE AMERICAN MINORITY IN NYC FOCUSING ON IMPROVING THE QUALITY OF HEALTHY LIFE OF NEW IMMIGRANTS & LOW-INCOME AND ILLITERATE FAMILYIES THROUGH PROVIDING MEDICAL, HEALTH AND WELLNESS KNOWLEDGE AND OTHER SUPPORT PROGRAMS.

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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 (2025)

Revenue Breakdown

Contributions & Grants $99,212

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $99,212

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $116,029

Other Expenses $116,285

TOTAL EXPENSES $116,285

Year-over-Year Comparison

	2025	2024	Change
Revenue	$99,212	$149,205	-0.3%
Expenses	$116,285	$134,184	-0.1%
Net Income	$-17,073	$15,021	-2.1%

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

N/A

Independent Members

N/A

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
ZHONG MING CHEN	PRESIDENT	20.00	Officer Director	$0	$0	$0
CHUNG HO JOEY LEE	VICE PRESIDENT	10.00	Officer Director	$0	$0	$0
YU ZHENG	SECRETARY	5.00	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
2025	$99,212	$116,285	$2,959	$-17,073
2024	No data	No data	No data	No data
2023	$149,600	$151,119	$5,011	$-1,519
2022	$63,520	$106,694	$6,529	$-43,174
2021	$129,518	$89,681	$49,684	$39,837
2020	$8,525	$12,707	$9,848	$-4,182
2019	$23,435	$25,441	$13,587	$-2,006

HEALTH ELEMENTS ASSOCIATION CORP