FSN QALICB (EIN 934398449) - 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

2023

Legal Domicile

Principal Officer

BOMEE FAIN

Phone

2134733030

Tax Period

2024-01-01 to 2024-12-31

FSN QALICB, founded in 2023, is a small nonprofit in the Community Improvement sector that reported $293K in total revenue in fiscal year 2024. The organization ran a surplus of $227K, a strong 78% operating margin.

Mission

FSN QALICB, A CALIFORNIA NONPROFIT PUBLIC BENEFIT CORPORATION, WAS FORMED AS A SUPPORTING ORGANIZATION TO SUPPORT LTSC COMMUNITY DEVELOPMENT CORPORATION, A CALIFORNIA NONPROFIT PUBLIC BENEFIT CORPORATION ("LTSC"). LTSC IS A 501(C)(3) NONPROFIT ORGANIZATION WITH THE PURPOSE OF PROMOTING AND SUPPORTING COMMUNITY DEVELOPMENT PROJECTS WHICH PRESERVE THE JAPANESE AMERICAN AND MULTI-ETHNIC CULTURE AND HISTORY IN THE LITTLE TOKYO AREA AND LOS ANGELES METROPOLITAN AREA.

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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 $292,692

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $292,692

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $65,718

Other Expenses $65,718

TOTAL EXPENSES $65,718

Year-over-Year Comparison

	2024	2023	Change
Revenue	$292,692	N/A	N/A
Expenses	$65,718	N/A	N/A
Net Income	$226,974	$0	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
ERICH NAKANO	PRESIDENT	0.15	Officer Director	$0	$0	$0
DEBBIE CHEN	TREASURER	0.15	Officer Director	$0	$0	$0
TAKAO SUZUKI	SECRETARY	0.15	Officer Director	$0	$0	$0
MITCHELL MAKI	BOARD MEMBER	0.15	Director	$0	$0	$0
JEFFREY MALONEY	BOARD MEMBER	0.15	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
2024	$292,692	$65,718	$29,604,112	$226,974
2023	No data	No data	No data	No data

FSN QALICB