CHINESE NEW YEAR FESTIVAL COMMITTEE CHINESE CHAMBER OF COMMERCE OF SF

EIN: 940382730

SAN FRANCISCO, CA

Total Revenue
$2,476,516
Total Expenses
$2,180,136
Total Assets
$2,818,592
Net Assets
$2,685,116
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1920
Legal Domicile
CA
Principal Officer
DONALD LUU
Phone
4159823000
Tax Period
2023-07-01 to 2024-06-30

CHINESE NEW YEAR FESTIVAL COMMITTEE CHINESE CHAMBER OF COMMERCE OF SF, founded in 1920, is a community nonprofit that reported $2.5M in total revenue in fiscal year 2023. Revenue surged 20% from the prior year, signaling strong growth momentum. Expenses of $2.2M left a modest 12% surplus.

Mission

TO ADVANCE THE COMMERCIAL AND ECONOMIC INTERESTS OF THE CHINESE COMMUNITY IN SAN FRANCISCO.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $597,047
Program Service Revenue $1,784,067
Investment Income $68,430
Other Revenue $26,972
TOTAL REVENUE $2,476,516

Expense Breakdown

Grants Paid $81,500
Salaries & Benefits $272,580
Fundraising Expenses $0
Program Expenses $1,735,424
Other Expenses $1,826,056
TOTAL EXPENSES $2,180,136

Year-over-Year Comparison

2023 2022 Change
Revenue $2,476,516 $2,057,880 +0.2%
Expenses $2,180,136 $1,940,901 +0.1%
Net Income $296,380 $116,979 +1.5%
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

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Governance

Voting Members
27
Independent Members
27
Employees
3
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
8
$49,382
Total Directors
38
$88,782
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
HARLAN WONG 1ST VICE PRESID 0.25
Officer Director
$49,382 $0 $49,382
MICHAEL LAU Director 0.50
Director
$20,000 $0 $20,000
TONY LAU Director 1.00
Director
$12,300 $0 $12,300
EDMOND LEW BOARDMEMBER 0.13
Director
$7,100 $0 $7,100
ANDY ZHAO Director 0.13
Director
$0 $0 $0
DONALD LUU President 0.25
Officer Director
$0 $0 $0
GRACE YUEN 2ND VICE PRESID 0.25
Officer Director
$0 $0 $0
STILWELL YANG Secretary 0.25
Officer Director
$0 $0 $0
ROBERT CHIANG Treasurer 0.25
Officer Director
$0 $0 $0
BEN MAN GONG ASST TREASURER 0.25
Officer Director
$0 $0 $0
KENNY TSE Director 0.13
Director
$0 $0 $0
HON KEUNG SO Director 0.13
Director
$0 $0 $0
KINSON WONG Director 0.13
Director
$0 $0 $0
CALVIN LOUIE Director 0.13
Director
$0 $0 $0
PHIL CHIN Director 0.13
Director
$0 $0 $0
CHELSEA HUNG Director 0.13
Director
$0 $0 $0
ANSON HUNG Director 0.13
Director
$0 $0 $0
KATHERINE ZHANG Director 0.13
Director
$0 $0 $0
RICHARD WAN Director 0.13
Director
$0 $0 $0
LINDA CHOW Director 0.13
Director
$0 $0 $0
WADE LAI Director 0.13
Director
$0 $0 $0
TONY ZHANG Director 0.13
Director
$0 $0 $0
KITMAN CHAN Director 0.13
Director
$0 $0 $0
AMY LO Director 0.13
Director
$0 $0 $0
DOUGLAS WONG Director 0.13
Director
$0 $0 $0
ALEX FONG Director 0.13
Director
$0 $0 $0
KENNY LAU Director 0.13
Director
$0 $0 $0
DAVID LUO Director 0.13
Director
$0 $0 $0
DEREK FONG SUPERVISORY PRE 0.25
Officer Director
$0 $0 $0
GEORGE MAX SUPERVISORY VP 0.25
Officer Director
$0 $0 $0
EDDIE AU BOARDMEMBER 0.13
Director
$0 $0 $0
RINGO WNG BOARDMEMBER 0.13
Director
$0 $0 $0
FRANCIS SO BOARDMEMBER 0.13
Director
$0 $0 $0
MAY ANN WONG BOARDMEMBER 0.13
Director
$0 $0 $0
GORDON CHIN BOARDMEMBER 0.13
Director
$0 $0 $0
MALCOLM YEUNG BOARDMEMBER 0.13
Director
$0 $0 $0
JUDY LEE BOARDMEMBER 0.13
Director
$0 $0 $0
MICHAEL KAY BOARDMEMBER 0.13
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 No data No data No data No data
2024 $2,476,516 $2,180,136 $2,818,592 $296,380
2023 $2,057,880 $1,940,901 $2,446,655 $116,979
2022 $1,683,314 $1,661,140 $2,322,397 $22,174
2021 $693,291 $721,863 $2,293,059 $-28,572
2020 $2,019,183 $1,724,980 $2,309,440 $294,203
2019 $1,824,858 $1,630,724 $1,999,987 $194,134
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