THERESA WANG CHINESE CULTURE CENTE… - Form 990 Financial Data

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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

Tax Period

2023-01-01 to 2023-12-31

THERESA WANG CHINESE CULTURE CENTER INC, founded in 2019, is a small nonprofit in the Arts, Culture & Humanities sector that reported $205K in total revenue in fiscal year 2023. The organization ran a surplus of $120K, a strong 58% operating margin.

Mission

THERESA WANG CHINESE CULTURE CENTER INC. has been established as a non-profit corporation to benefit conduct chinese culture activities ,and provide funding to culture exchange.

Program Service Accomplishments

Program 1

Expenses: $85,300 Revenue: $205,000

The organization is organized for exclusively religious, charitable, educational and scientific purposes within the meaning of Section 501(c)(3) of the Internal Revenue Code of 1986 or the...

The organization is organized for exclusively religious, charitable, educational and scientific purposes within the meaning of Section 501(c)(3) of the Internal Revenue Code of 1986 or the corresponding provision of any future United States Internal Revenue Law, including, for such purposes, the making of distributions to organizations that qualify as exempt organizations under said Section 501(c)(3) of the Internal Revenue Code of 1986. Specifically, the Organization will provide charitable giving to schools.THERESA WANG CHINESE CULTURE CENTER INC. has been established as a non-profit corporation to benefit conduct chinese culture activities ,and provide funding to culture exchange.

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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 $205,000

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $205,000

Expense Breakdown

Grants Paid $13,150

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $85,300

Other Expenses $72,150

TOTAL EXPENSES $85,300

Year-over-Year Comparison

	2023	2022	Change
Revenue	$205,000	N/A	N/A
Expenses	$85,300	N/A	N/A
Net Income	$119,700	N/A	N/A

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

N/A

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
DAVID C WANG	PRESIDENT	0.00	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
2023	$205,000	$85,300	$11,921,857	$119,700
2022	$11,153,900	$118,418	$11,802,157	$11,035,482
2019	$54,000	$53,303	$697	$697

THERESA WANG CHINESE CULTURE CENTER INC