CHINESE HOSPITAL ASSOCIATION

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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

1925

Legal Domicile

Principal Officer

DR JIAN ZHANG

Phone

4156772440

Tax Period

2023-01-01 to 2023-12-31

CHINESE HOSPITAL ASSOCIATION, founded in 1925, is a major nonprofit in the Health Care sector that reported $146.6M in total revenue in fiscal year 2023.

Mission

CHINESE HOSPITAL, A COMMUNITY-OWNED, NOT-FOR-PROFIT ORGANIZATION, EXISTS PRIMARILY TO DELIVER QUALITY HEALTH CARE IN A COST EFFECTIVE WAY, RESPONSIVE TO THE COMMUNITY'S ETHNIC AND CULTURAL UNIQUENESS, PROVIDING ACCESS TO HEALTH CARE AND ACCEPTABILITY TO ALL SOCIOECONOMIC LEVELS.

Program Service Accomplishments

Program 1

Expenses: $110,683,714 Revenue: $129,572,178

CHINESE HOSPITAL IS AN 88-BED NON-PROFIT COMMUNITY HOSPITAL AND AFFILIATED COMMUNITY CLINICS OFFERING A WIDE RANGE OF MEDICAL, SURGICAL, AND SPECIALTY CARE TO A MULTICULTURAL COMMUNITY. CHINESE...

CHINESE HOSPITAL IS AN 88-BED NON-PROFIT COMMUNITY HOSPITAL AND AFFILIATED COMMUNITY CLINICS OFFERING A WIDE RANGE OF MEDICAL, SURGICAL, AND SPECIALTY CARE TO A MULTICULTURAL COMMUNITY. CHINESE HOSPITAL AIMS TO DELIVER QUALITY HEALTH CARE IN A COST-EFFECTIVE WAY, RESPOND TO OUR COMMUNITY'S ETHNIC AND CULTURAL UNIQUENESS, AND OFFER ACCESS TO HEALTH CARE TO ALL SOCIOECONOMIC LEVELS. SERVICES OFFERED AT CHINESE HOSPITAL INCLUDE ACUPUNCTURE, CARDIOPULMONARY, EMERGENCY CARE, HEALTH PROGRAMS (INCLUDING IMMUNIZATIONS, HEPATITIS B SERVICES, A DIABETES CENTER, AND PALLIATIVE CARE), LABORATORY, NURSING CARE, OPTOMETRY, PHARMACY, RADIOLOGY/IMAGING, AND SURGERY.

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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 $14,054,161

Program Service Revenue $129,572,178

Investment Income $1,308,767

Other Revenue $1,622,849

TOTAL REVENUE $146,557,955

Expense Breakdown

Grants Paid $110,000

Salaries & Benefits $60,892,545

Fundraising Expenses $786,561

Program Expenses $110,683,714

Other Expenses $96,833,470

TOTAL EXPENSES $157,836,015

Year-over-Year Comparison

	2023	2022	Change
Revenue	$146,557,955	$149,786,918	0.0%
Expenses	$157,836,015	$151,536,588	+0.0%
Net Income	$-11,278,060	$-1,749,670	+5.4%

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

601

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

$1,180,335

Total Directors

Key Employees

$1,722,747

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KIN F YEE DDS	CHAIR	5.00	Officer Director	$0	$0	$0
HARVEY LOUIE	VICE CHAIR	5.00	Officer Director	$0	$0	$0
THOMAS T NG	SECRETARY	5.00	Officer Director	$0	$0	$0
ROGER S ENG MD	ASSISTANT SECRETARY	5.00	Officer Director	$0	$0	$0
ROBERT WONG	TREASURER	5.00	Officer Director	$0	$0	$0
CHARLES LAI	BOARD MEMBER	2.00	Director	$0	$0	$0
CHARLES C CHOW	BOARD MEMBER	2.00	Director	$0	$0	$0
CLIFTON LEUNG	BOARD MEMBER	2.00	Director	$0	$0	$0
DONALD LUU	BOARD MEMBER	2.00	Director	$0	$0	$0
DI AN CHEN	BOARD MEMBER	2.00	Director	$0	$0	$0
GLENN FONG	BOARD MEMBER	2.00	Director	$0	$0	$0
LAWRENCE WONG	BOARD MEMBER	2.00	Director	$0	$0	$0
JACK SIT	BOARD MEMBER	2.00	Director	$0	$0	$0
DING BONG LEE	BOARD MEMBER	2.00	Director	$0	$0	$0
MISHA TSUKERMAN	BOARD MEMBER	2.00	Director	$0	$0	$0
THOMAS YUEN	BOARD MEMBER	2.00	Director	$0	$0	$0
DR JIAN ZHANG	CHIEF EXECUTIVE OFFICER	40.00	Officer	$596,719	$99,729	$696,448
CHI-KUO MICHAEL CHUNG	PRESIDENT & CHIEF FINANCIAL OFFICER	40.00	Officer	$454,506	$29,381	$483,887
SYLVIA MUNGUIA PITTMAN MSHR	CHIEF HUMAN RESOURCES OFFICER	40.00	Key Emp	$345,807	$43,451	$389,258
PATRICIA CHUNG	VP OF QUALITY, MED STAFF & COMPL	40.00	Key Emp	$280,645	$86,049	$366,694
SCOTT L HUANG MD	MEDICAL DIRECTOR/PHYSICIAN	40.00	Key Emp	$308,204	$23,866	$332,070
GINA KO YAM PHARMD	VICE PRESIDENT OF OPERATIONS	40.00	Key Emp	$276,109	$43,472	$319,581
ANTONIA NIA LENDARIS MSN CNS RN	CHIEF NURSING OPERATIONS OFFICER	40.00	Key Emp	$289,133	$26,011	$315,144
ANDERSON D ENG MD	MEDICAL PHYSICIAN	40.00	Highest	$323,360	$32,058	$355,418
AUNG KYAW S MAUNG MD	MEDICAL PHYSICIAN	40.00	Highest	$314,313	$39,249	$353,562
ALSON TOY	RN SURGERY	40.00	Highest	$292,526	$60,632	$353,158
FRANK CHEN MD	MEDICAL PHYSICIAN	40.00	Highest	$320,274	$22,597	$342,871
JENNIFER CHEN MD	MEDICAL PHYSICIAN	40.00	Highest	$303,140	$20,489	$323,629

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	$146,557,955	$157,836,015	$305,053,559	$-11,278,060
2022	$149,786,918	$151,536,588	$300,335,964	$-1,749,670
2021	$125,188,263	$135,350,258	$303,436,312	$-10,161,995
2020	$111,078,788	$127,093,791	$312,675,526	$-16,015,003
2019	$122,584,907	$128,558,268	$313,420,456	$-5,973,361
2018	$109,090,056	$130,991,064	$297,099,892	$-21,901,008