SHOONG FAMILY CHINESE CULTURAL CENTER (EIN 941490893) - 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

1953

Legal Domicile

Phone

5104521204

Tax Period

2024-01-01 to 2024-12-31

SHOONG FAMILY CHINESE CULTURAL CENTER, founded in 1953, is a small nonprofit in the Arts, Culture & Humanities sector that reported $718K in total revenue in fiscal year 2024.

Mission

TO PROVIDE A INCLUSIVE LEARNING ENVIRONMENT WHERE YOUTH CAN THRIVE THROUGH CHINESE LANGUAGE EDUCATION, CULTURAL PROGRAMS, SPORTS AND WELLNESS, AND LIFE SKILLS DEVELOPMENT. WE SERVE OVER 600 YOUTH PARTICIPANTS ANNUALLY.

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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 $92,174

Program Service Revenue $574,704

Investment Income $16,251

Other Revenue $34,443

TOTAL REVENUE $717,572

Expense Breakdown

Grants Paid $0

Salaries & Benefits $538,097

Fundraising Expenses $0

Program Expenses $709,949

Other Expenses $196,943

TOTAL EXPENSES $735,040

Year-over-Year Comparison

	2024	2023	Change
Revenue	$717,572	$664,869	+0.1%
Expenses	$735,040	$720,628	+0.0%
Net Income	$-17,468	$-55,759	-0.7%

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

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

$1,147

Total Directors

$1,147

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR JENNIFER WU	Secretary	5.00	Officer Director	$1,147	$0	$1,147
JONES WU	President	15.00	Officer Director	$0	$0	$0
STEVEN LEE	Director	5.00	Director	$0	$0	$0
ROSINA KO	Director	5.00	Director	$0	$0	$0
ROBERT B YEE	Director	5.00	Director	$0	$0	$0
HELEN CHOU	Director	5.00	Director	$0	$0	$0
PARKMAN JOE	Director	5.00	Director	$0	$0	$0
RICHARD T COOC	Director	5.00	Director	$0	$0	$0
FRANCIS LAN	Treasurer	5.00	Officer Director	$0	$0	$0
DR K SAM SZETO	Director	5.00	Director	$0	$0	$0
ALEX WONG	Director	5.00	Director	$0	$0	$0
JASON WU	Director	5.00	Director	$0	$0	$0
JOSEPH MA	Director	5.00	Director	$0	$0	$0
SUGIARTO LONI	Vice President	5.00	Officer Director	$0	$0	$0
KENNY SONG	Director	5.00	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	$717,572	$735,040	$1,084,031	$-17,468
2023	$664,869	$720,628	$1,081,491	$-55,759
2022	$593,496	$705,446	$1,124,405	$-111,950
2021	$419,441	$391,113	$1,246,766	$28,328
2020	$521,278	$617,782	$1,101,345	$-96,504
2019	$710,440	$741,960	$1,298,164	$-31,520
2018	$675,131	$677,684	$1,315,129	$-2,553

SHOONG FAMILY CHINESE CULTURAL CENTER