Lung Kong Tin Yee Association USA (EIN 941200206) - 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

1990

Legal Domicile

Principal Officer

Jimmy Kwan

Phone

4159820478

Tax Period

2024-01-01 to 2024-12-31

Lung Kong Tin Yee Association USA, founded in 1990, is a micro nonprofit that reported $73K in total revenue in fiscal year 2024. Expenses of $96K exceeded revenue, resulting in a 30% operating deficit.

Mission

To promote fraternal, cultural and educational affairs of the four clans.

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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 $5,825

Program Service Revenue $0

Investment Income $2,340

Other Revenue $65,121

TOTAL REVENUE $73,286

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $59,188

Other Expenses $95,566

TOTAL EXPENSES $95,566

Year-over-Year Comparison

	2024	2023	Change
Revenue	$73,286	$69,209	+0.1%
Expenses	$95,566	$42,808	+1.2%
Net Income	$-22,280	$26,401	-1.8%

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
Sunny Lau	President	010.00	Officer	$0	$0	$0
Jimmy Kwan	Treasurer	010.00	Officer	$0	$0	$0
Adam Guan	Vice President	010.00	Officer	$0	$0	$0
John Chong	Secretary	010.00	Officer	$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	$73,286	$95,566	$509,211	$-22,280
2023	$69,209	$42,808	$531,492	$26,401
2022	$61,951	$60,443	$505,091	$1,508
2021	$83,857	$36,865	$503,583	$46,992
2020	$92,516	$65,121	$456,591	$27,395

Lung Kong Tin Yee Association USA