LIU SHIMING ART FOUNDATION (EIN 872425228) - 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

2021

Legal Domicile

Principal Officer

PUIKING HUI

Phone

9176050098

Tax Period

2024-01-01 to 2024-12-31

LIU SHIMING ART FOUNDATION, founded in 2021, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.4M in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year.

Mission

THE LIU SHIMING ART FOUNDATION HONORS THE LIFE AND SPIRIT OF CHINESE ARTIST LIU SHIMING (1926-2010) BY SUPPORTING FUTURE GENERATIONS OF ARTISTS AND ART HISTORIANS, AND BY PRESERVING AND PROMOTING THE ARTISTIC LEGACY OF LIU SHIMING THROUGH EXHIBITIONS, RESEARCH, AND PUBLICATIONS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,026,925

Program Service Revenue $410,000

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,436,925

Expense Breakdown

Grants Paid $623,764

Salaries & Benefits $335,925

Fundraising Expenses $0

Program Expenses $1,163,847

Other Expenses $472,052

TOTAL EXPENSES $1,431,741

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,436,925	$1,550,713	-0.1%
Expenses	$1,431,741	$981,257	+0.5%
Net Income	$5,184	$569,456	-1.0%

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

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
ZHIYONG YANG	PRESIDENT/CFO	1.00	Officer Director	$0	$0	$0
SI YANG	SECRETARY	1.00	Officer Director	$0	$0	$0
TRACY DANQUNG XU	TREASURER	1.00	Officer Director	$0	$0	$0
PUIKING HUI	EXECUTIVE DIRECTOR	10.00	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
2024	$1,436,925	$1,431,741	$1,009,313	$5,184
2023	$1,526,828	$920,600	$320,610	$606,228
2023	$1,550,713	$981,257	$320,610	$569,456
2022	$1,451,673	$1,283,836	$169,823	$167,837

LIU SHIMING ART FOUNDATION