WONG CENTER INC

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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

1971

Legal Domicile

Principal Officer

EUGSON WONG

Phone

9165291459

Tax Period

2022-01-01 to 2022-12-31

WONG CENTER INC, founded in 1971, is a micro nonprofit in the Housing & Shelter sector that reported $4K in total revenue in fiscal year 2022. Revenue fell 98% from the prior year — a significant decline worth monitoring. Expenses of $81K exceeded revenue, resulting in a 2155% operating deficit.

Mission

THE WONG CENTER'S PRIMARY OBJECTIVE IS TO PROVIDE A QUALITY AND AFFORDABLE LIVING EXPERIENCE FOR LOW INCOME SENIOR CITIZENS.

Program Service Accomplishments

Program 1

THE ORGANIZATION HAS ONLY ONE MAIN PROGRAM:RENTAL PROJECT.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $3,586

Other Revenue $2

TOTAL REVENUE $3,588

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $80,893

TOTAL EXPENSES $80,893

Year-over-Year Comparison

	2022	2021	Change
Revenue	$3,588	$167,597	-1.0%
Expenses	$80,893	$25,334	+2.2%
Net Income	$-77,305	$142,263	-1.5%

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
EUGSON WONG	PRESIDENT	2.00	Officer Director	$0	$0	$0
RICHARD WONG	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
JOHN C WONG	TREASURER	2.00	Officer Director	$0	$0	$0
GEORGE WONG	SECRETARY	2.00	Officer Director	$0	$0	$0
JOHNSON WONG	BOARD MEMBER	2.00	Director	$0	$0	$0
EUGENE WONG	BOARD MEMBER	2.00	Director	$0	$0	$0
SUSIE WONG	BOARD MEMBER	2.00	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
2022	$3,588	$80,893	$15,210,945	$-77,305
2021	$167,597	$25,334	$15,288,251	$142,263
2020	$346,621	$55,671	$16,152,143	$290,950
2019	$371,199	$78,684	$15,861,193	$292,515
2018	$168,449	$58,739	$15,568,678	$109,710