WONG KUONG HUR WEN SUN ASSOCIATION DBA WONG FAMILY BENEVOLENT ASSOCIATION (EIN 942855471) - 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

1945

Legal Domicile

Principal Officer

GING JUNG WONG

Phone

9164427263

Tax Period

2023-01-01 to 2023-12-31

WONG KUONG HUR WEN SUN ASSOCIATION DBA WONG FAMILY BENEVOLENT ASSOCIATION, founded in 1945, is a small nonprofit that reported $109K in total revenue in fiscal year 2023. Expenses of $465K exceeded revenue, resulting in a 327% operating deficit.

Mission

TO ENHANCE THE VALUE OF THE CHINESE CULTURE IN THE CITY.

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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 $7,722

Program Service Revenue $0

Investment Income $57,334

Other Revenue $43,807

TOTAL REVENUE $108,863

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $464,869

TOTAL EXPENSES $464,869

Year-over-Year Comparison

	2023	2022	Change
Revenue	$108,863	$104,770	+0.0%
Expenses	$464,869	$416,308	+0.1%
Net Income	$-356,006	$-311,538	+0.1%

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
GING JUNG WONG	COUNCIL CHAIRMAN	20.00	Officer Director	$0	$0	$0
KEN RI CHU HUANG	PRESIDENT	20.00	Officer Director	$0	$0	$0
MICHAEL S WONG	VICE PRESIDENT	20.00	Officer Director	$0	$0	$0
SAN PAN WONG	SECRETARY	20.00	Officer Director	$0	$0	$0
JOSEPH HUANG	ENGLISH SECRETARY	20.00	Officer Director	$0	$0	$0
JEFFREY WONG	TREASURER	20.00	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	$108,863	$464,869	$2,487,974	$-356,006
2022	$104,770	$416,308	$2,739,173	$-311,538
2021	$70,692	$9,306	$3,050,712	$61,386
2020	$73,885	$50,511	$2,921,881	$23,374

WONG KUONG HUR WEN SUN ASSOCIATION DBA WONG FAMILY BENEVOLENT ASSOCIATION