TUNG HWA BENEVOLENT ASSOCIATION INC (EIN 941537314) - 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

1963

Legal Domicile

Phone

4159824875

Tax Period

2023-01-01 to 2023-12-31

TUNG HWA BENEVOLENT ASSOCIATION INC, founded in 1963, is a micro nonprofit that reported $22K in total revenue in fiscal year 2023. Revenue fell 87% from the prior year — a significant decline worth monitoring. Expenses of $73K exceeded revenue, resulting in a 236% operating deficit.

Mission

SUBSIDIZE LIVING, MEDICAL & FUNERAL COSTS TO LOW INCOME 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 $7,890

Investment Income $12,439

Other Revenue $1,553

TOTAL REVENUE $21,882

Expense Breakdown

Grants Paid $0

Salaries & Benefits $37,462

Fundraising Expenses $0

Program Expenses $10,277

Other Expenses $27,604

TOTAL EXPENSES $73,498

Year-over-Year Comparison

	2023	2022	Change
Revenue	$21,882	$174,491	-0.9%
Expenses	$73,498	$166,819	-0.6%
Net Income	$-51,616	$7,672	-7.7%

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

N/A

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
FRANK TONG	President	14.00	Officer	$0	$0	$0
YIDING WANG	Secretary	7.00	Officer	$0	$0	$0
JING GAN	Asst. Treasurer	7.00	Officer	$0	$0	$0
LINYU WU	Chief Superviso	7.00	Officer	$0	$0	$0
AILIN CHEN	General Affair	7.00	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	No data	No data	No data	No data
2023	$21,882	$73,498	$501,564	$-51,616
2022	$174,491	$166,819	$553,898	$7,672
2021	$183,939	$139,743	$545,513	$44,196
2020	$177,386	$231,754	$503,436	$-54,368
2019	$225,509	$201,892	$558,080	$23,617
2018	$225,074	$174,939	$536,453	$50,135

TUNG HWA BENEVOLENT ASSOCIATION INC