Nam Hoy Fook Yum Benevolent Society (EIN 941520321) - 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

Homer Chan

Phone

4159822216

Tax Period

2023-01-01 to 2023-12-31

Nam Hoy Fook Yum Benevolent Society, founded in 1900, is a small nonprofit that reported $136K in total revenue in fiscal year 2023. Revenue fell 26% from the prior year — a significant decline worth monitoring. Expenses of $211K exceeded revenue, resulting in a 56% operating deficit.

Mission

To promote the social welfare of the 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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $5,307

Other Revenue $130,294

TOTAL REVENUE $135,601

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $165,327

Other Expenses $211,051

TOTAL EXPENSES $211,051

Year-over-Year Comparison

	2023	2022	Change
Revenue	$135,601	$182,760	-0.3%
Expenses	$211,051	$155,809	+0.4%
Net Income	$-75,450	$26,951	-3.8%

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
Terry Luk	President	002.00	Officer Director	$0	$0	$0
Dan Quan	Secretary	002.00	Officer Director	$0	$0	$0
Homer Chan	Treasurer	003.00	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	$135,601	$211,051	$2,014,448	$-75,450
2022	$182,760	$155,809	$2,089,898	$26,951
2021	$259,460	$153,973	$2,062,947	$105,487
2020	$129,697	$255,380	$1,957,459	$-125,683
2019	$329,830	$289,367	$2,079,942	$40,463
2018	$306,937	$281,395	$2,050,129	$25,542

Nam Hoy Fook Yum Benevolent Society