HONG KONG BUSINESS ASSOCIATION OF NORTHERN CALIFORNIA (EIN 943017050) - 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

1985

Legal Domicile

Phone

4153984506

Tax Period

2024-07-01 to 2025-06-30

HONG KONG BUSINESS ASSOCIATION OF NORTHERN CALIFORNIA, founded in 1985, is a micro nonprofit that reported $79K in total revenue in fiscal year 2024. Revenue surged 64% from the prior year, signaling strong growth momentum. Expenses of $73K left a modest 7% surplus.

Mission

THE HONG KONG ASSOCIATION OF NORTHERN CALIFORNIA IS DEDICATED TO INCREASE THE UNDERSTANDING OF HONG KONG'S ROLE IN THE REGIONAL AND GLOBAL ECONOMIES. THE ORGANIZATION SERVES TO STRENGTHEN ECONOMIC TIES BETWEEN NORTHERN CALIFORNIA AND HONG KONG AS WELL AS PROVIDE A FOCUS AND LINKAGE FOR NORTHERN CALIFORNIA FIRMS AND INDIVIDUALS INTERESTED IN PURSUING BUSINESS AND TRADE WITH HONG KONG.

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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 (2024)

Revenue Breakdown

Contributions & Grants $24,619

Program Service Revenue $12,279

Investment Income $8,066

Other Revenue $33,905

TOTAL REVENUE $78,869

Expense Breakdown

Grants Paid $0

Salaries & Benefits $38,587

Fundraising Expenses $0

Program Expenses $26,708

Other Expenses $34,605

TOTAL EXPENSES $73,192

Year-over-Year Comparison

	2024	2023	Change
Revenue	$78,869	$48,075	+0.6%
Expenses	$73,192	$83,884	-0.1%
Net Income	$5,677	$-35,809	-1.2%

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

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
ANNE MAK	Secretary	1.00	Officer Director	$0	$0	$0
CEDRIC CHAO	Hor. Director	1.00	Director	$0	$0	$0
Ray Cheung	Director	1.00	Director	$0	$0	$0
Mark Li	Director	1.00	Director	$0	$0	$0
KEN UNG	Director	1.00	Director	$0	$0	$0
John Sun	Director	1.00	Director	$0	$0	$0
Jian Zhang	Director	1.00	Director	$0	$0	$0
YVONNE FU	Director	1.00	Director	$0	$0	$0
Ivonne Zhu	Director	1.00	Director	$0	$0	$0
Vivien Wang	Director	1.00	Director	$0	$0	$0
DC Cheung	Hor. Director	1.00	Director	$0	$0	$0
PAULINE CHU	Director	1.00	Director	$0	$0	$0
YVONNE GO	Director	1.00	Director	$0	$0	$0
KEVIN FUNG	Director	1.00	Director	$0	$0	$0
GARRY WONG	Director	1.00	Director	$0	$0	$0
JAY LI	Vice-Chairwoman	1.00	Officer Director	$0	$0	$0
MARGARET WONG	Chairwoman	1.00	Officer Director	$0	$0	$0
SONNY CHAN	Director	1.00	Director	$0	$0	$0
MATTHEW YEUNG	Director	1.00	Director	$0	$0	$0
Oliver Ko	Vice-Chairman	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
2025	$78,869	$73,192	$179,699	$5,677
2024	$48,075	$83,884	$175,340	$-35,809
2023	$69,166	$50,592	$206,429	$18,574
2022	$62,874	$54,299	$187,855	$8,575
2021	$37,218	$58,468	$212,364	$-21,250
2020	$85,818	$87,903	$200,530	$-2,085
2019	$97,372	$97,894	$202,615	$-522
2018	$125,572	$100,109	$235,289	$25,463

HONG KONG BUSINESS ASSOCIATION OF NORTHERN CALIFORNIA