Pan American Lung Kong Association (EIN 942940423) - 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

1948

Legal Domicile

Principal Officer

David Kwan

Phone

4159820428

Tax Period

2023-01-01 to 2023-12-31

Pan American Lung Kong Association, founded in 1948, is a micro nonprofit that reported $82K in total revenue in fiscal year 2023. Revenue fell 32% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $28K, a strong 34% operating margin.

Mission

Publication of Lung Kong Quarterly Magazine, which is a non-profit cultural and educational publication whose purpose is to promote fraternal, educational and cultural affairs of the four clans.

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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 $1,590

Program Service Revenue $7,108

Investment Income $0

Other Revenue $72,919

TOTAL REVENUE $81,617

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $45,979

Other Expenses $53,876

TOTAL EXPENSES $53,876

Year-over-Year Comparison

	2023	2022	Change
Revenue	$81,617	$119,174	-0.3%
Expenses	$53,876	$135,678	-0.6%
Net Income	$27,741	$-16,504	-2.7%

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

100

Independent Members

100

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
David Kwan	President	001.00	Officer	$0	$0	$0
Bingsong Guan	Secretary	002.00	Officer	$0	$0	$0
Sunny Lau	Treasurer	001.00	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	$81,617	$53,876	$932,060	$27,741
2022	$119,174	$135,678	$904,319	$-16,504
2021	$131,038	$66,372	$935,037	$64,666
2020	$98,235	$99,449	$886,741	$-1,214

Pan American Lung Kong Association