Fook Chong Hong Friendly Society

EIN: 940749875

San Francisco, CA

Total Revenue
$215,967
Total Expenses
$370,726
Total Assets
$2,397,383
Net Assets
$2,361,228
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1900
Legal Domicile
CA
Principal Officer
Guo Xing Yang
Phone
4158100639
Tax Period
2024-01-01 to 2024-12-31

Fook Chong Hong Friendly Society, founded in 1900, is a small nonprofit that reported $216K in total revenue in fiscal year 2024. Revenue surged 35% from the prior year, signaling strong growth momentum. Expenses of $371K exceeded revenue, resulting in a 72% operating deficit.

Mission

To Promote Social Welfare of Members

Program Service Accomplishments

Program 1
Expenses: $320,806

Funding for cultureal programs which include memorial services, recreational activities, and ancestral worshipping functions for the benefit of the members

Program 2

Donations to charitable organizations, community service agencies, and family associations

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $54,077
Other Revenue $161,890
TOTAL REVENUE $215,967

Expense Breakdown

Grants Paid $0
Salaries & Benefits $52,578
Fundraising Expenses $0
Program Expenses $320,806
Other Expenses $318,148
TOTAL EXPENSES $370,726

Year-over-Year Comparison

2024 2023 Change
Revenue $215,967 $159,667 +0.4%
Expenses $370,726 $305,064 +0.2%
Net Income $-154,759 $-145,397 +0.1%
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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Governance

Voting Members
22
Independent Members
21
Employees
7
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
4
$23,672
Total Directors
21
$23,672
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Guo Xing Yang President 8.00
Officer Director
$10,521 $0 $10,521
Chiu Ki Luk Secretary 8.00
Officer Director
$10,521 $0 $10,521
Bruce Leung Director 8.00
Officer Director
$2,630 $0 $2,630
Wing Cheung Treasurer 0.00
Officer Director
$0 $0 $0
Richard Li Director 0.00
Director
$0 $0 $0
Zhi Yang Lai Director 0.00
Director
$0 $0 $0
Mo Ching Tong Director 0.00
Director
$0 $0 $0
Irene Kwok Director 0.00
Director
$0 $0 $0
Wei Ming He Director 0.00
Director
$0 $0 $0
York J So Director 0.00
Director
$0 $0 $0
Qiang Jiang Director 0.00
Director
$0 $0 $0
Dan Tin Quan Director 0.00
Director
$0 $0 $0
Sam Ng Director 0.00
Director
$0 $0 $0
Charles Lai Director 0.00
Director
$0 $0 $0
John Wong Director 0.00
Director
$0 $0 $0
Sui Kong Tam Director 0.00
Director
$0 $0 $0
Wing Cheung Director 0.00
Director
$0 $0 $0
Kenny Tse Director 0.00
Director
$0 $0 $0
Tong Woo Director 0.00
Director
$0 $0 $0
Gung Yuan Hong Director 0.00
Director
$0 $0 $0
Gan Neng Yang Diriector 0.00
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 $215,967 $370,726 $2,397,383 $-154,759
2023 $159,667 $305,064 $2,558,417 $-145,397
2022 $322,669 $217,654 $2,701,784 $105,015
2021 $93,188 $165,515 $2,590,002 $-72,327
2020 $203,542 $149,974 $2,678,210 $53,568
2019 $293,396 $221,852 $2,620,673 $71,544
2018 $348,000 $314,691 $2,560,129 $33,309
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