Loong Kong Tien Yee Association (EIN 941201206) - 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

1929

Legal Domicile

Principal Officer

Charles Kwan

Phone

4159820478

Tax Period

2023-01-01 to 2023-12-31

Loong Kong Tien Yee Association, founded in 1929, is a small nonprofit that reported $177K in total revenue in fiscal year 2023. Revenue fell 30% from the prior year — a significant decline worth monitoring. Expenses of $215K exceeded revenue, resulting in a 21% operating deficit.

Mission

To promote fraternal, cultural and educational affairs of our four clans. To further the common good and encourage and practice benevolence and charity and to render aid as may be needed.

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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 $22,119

Program Service Revenue $0

Investment Income $10,962

Other Revenue $143,589

TOTAL REVENUE $176,670

Expense Breakdown

Grants Paid $0

Salaries & Benefits $14,856

Fundraising Expenses $0

Program Expenses $143,689

Other Expenses $199,704

TOTAL EXPENSES $214,560

Year-over-Year Comparison

	2023	2022	Change
Revenue	$176,670	$251,683	-0.3%
Expenses	$214,560	$200,481	+0.1%
Net Income	$-37,890	$51,202	-1.7%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Charles Kwan	President	001.00	Officer Director	$0	$0	$0
John Chang	Treasurer	001.00	Officer Director	$0	$0	$0
Gordon Chang	Vice President	001.00	Officer Director	$0	$0	$0
George Liu	Vice President	001.00	Officer 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	No data	No data	No data	No data
2023	$176,670	$214,560	$1,502,035	$-37,890
2022	$251,683	$200,481	$1,539,925	$51,202
2021	$217,853	$136,197	$1,488,723	$81,656

Loong Kong Tien Yee Association