Fook Chong Hong Friendly Society (EIN 940749875) - 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

1900

Legal Domicile

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

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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 $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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

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

$23,672

Total Directors

$23,672

Key Employees

Highest Compensated

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

Fook Chong Hong Friendly Society