HEE SHEN FOUNDATION (EIN 942984993) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1984

Legal Domicile

Phone

4153976754

Tax Period

2023-07-01 to 2024-06-30

HEE SHEN FOUNDATION, founded in 1984, is a micro nonprofit that reported $64K in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $101K exceeded revenue, resulting in a 59% operating deficit.

Mission

STATEMENT OF PROGRAM SERVICES RENDERED:A. SCHOLARSHIP PROGRAM & DONATION $12,100.B. NEW YEAR AND MEMORIAL CEREMONIES $34458.C. SOCIAL WELFARE $31,890.THE SPECIFIC PURPOSES FOR WHICH THIS FOUNDATION IS ORGANIZED ARE TO PROVIDE SUPPORTAND SERVICES TO THE SENIOR CITIZENS IN THE COMMUNITY; RELIEF OF THE POOR, DISTRESSED OR UNDERPRIVILEGED AND TO SET UP A SCHOLARSHIP PROGRAM WITH AWARDING OF AT LEAST $2,000 PER CALENDAR YEAR FOLLOWING THE YEAR OF INCORPORATION TO DISADVANTAGED, NEEDY AND DESERVING STUDENTS WHO WILL BE PURSUING A COLLEGE EDUCATION.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $20,960

Program Service Revenue $16,060

Investment Income $3

Other Revenue $26,735

TOTAL REVENUE $63,758

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $78,448

Other Expenses $101,490

TOTAL EXPENSES $101,490

Year-over-Year Comparison

	2023	2022	Change
Revenue	$63,758	$56,340	+0.1%
Expenses	$101,490	$132,030	-0.2%
Net Income	$-37,732	$-75,690	-0.5%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

N/A

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
BING WEI KUANG	President	1.00	Officer	$0	$0	$0
HUN KIT WONG	Secretary	1.00	Officer	$0	$0	$0
YAM LOK LEUNG	Treasurer	1.00	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	$63,758	$101,490	$482,721	$-37,732
2023	$56,340	$132,030	$536,393	$-75,690
2022	$36,754	$16,851	$612,083	$19,903
2021	$52,615	$37,805	$592,180	$14,810
2020	$37,549	$35,833	$577,370	$1,716
2019	$55,434	$24,579	$575,654	$30,855

HEE SHEN FOUNDATION