TANG FOUNDATION FOR THE RESEARCH O… - 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

1996

Legal Domicile

Principal Officer

Vytas Ambutas

Phone

7027343700

Tax Period

2023-01-01 to 2023-12-31

TANG FOUNDATION FOR THE RESEARCH OF TRADITIONAL CHINESE MEDICINE, founded in 1996, is a small nonprofit in the Medical Research sector that reported $141K in total revenue in fiscal year 2023. Revenue surged 199% from the prior year, signaling strong growth momentum. Expenses of $247K exceeded revenue, resulting in a 75% operating deficit.

Mission

CONDUCT INVESTIGATIONS, EXPERIMENTS AND STUDIES TO DISCOVER, DEVELOP AND VERIFY KNOWLEDGE RELATING TO TRADITIONAL CHINESE MEDICINE.

Program Service Accomplishments

Program 1

Expenses: $246,567

CONDUCT INVESTIGATIONS, EXPERIMENTS AND STUDIES TO DISCOVER, DEVELOP AND VERIFY KNOWLEDGE RELATING TO TRADITIONAL CHINESE MEDICINE.

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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 $0

Investment Income $140,683

Other Revenue $0

TOTAL REVENUE $140,683

Expense Breakdown

Grants Paid $0

Salaries & Benefits $158,559

Fundraising Expenses $0

Program Expenses $246,567

Other Expenses $88,008

TOTAL EXPENSES $246,567

Year-over-Year Comparison

	2023	2022	Change
Revenue	$140,683	$46,979	+2.0%
Expenses	$246,567	$759,914	-0.7%
Net Income	$-105,884	$-712,935	-0.9%

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

N/A

Employees

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
MICHAEL TANG	PRESIDENT	2.00	Officer Director	$0	$0	$0
STELLA LIANG	TREASURER	2.00	Officer Director	$0	$0	$0
VYTAS AMBUTAS	SECRETARY	2.00	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	No data	No data	No data	No data
2023	$140,683	$246,567	$3,185,230	$-105,884
2022	$46,979	$759,914	$3,385,019	$-712,935
2021	$531,900	$232,429	$4,184,352	$299,471
2020	$76,336	$238,680	$3,704,182	$-162,344

TANG FOUNDATION FOR THE RESEARCH OF TRADITIONAL CHINESE MEDICINE