Hoy Sun Memorial Cemetery (EIN 943054346) - 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

1987

Legal Domicile

Principal Officer

Thomas Ng

Phone

4152880600

Tax Period

2024-01-01 to 2024-12-31

Hoy Sun Memorial Cemetery, founded in 1987, is a community nonprofit that reported $1.3M in total revenue in fiscal year 2024. The organization ran a surplus of $657K, a strong 51% operating margin.

Mission

To acquire, maintain, manage, improve or operate a cemetery, the burial lots of which are exclusively held for burial purposes for the benefit of their members.

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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 $0

Program Service Revenue $832,140

Investment Income $464,794

Other Revenue $0

TOTAL REVENUE $1,296,934

Expense Breakdown

Grants Paid $0

Salaries & Benefits $95,524

Fundraising Expenses $0

Program Expenses $623,353

Other Expenses $544,859

TOTAL EXPENSES $640,383

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,296,934	$1,319,087	0.0%
Expenses	$640,383	$813,909	-0.2%
Net Income	$656,551	$505,178	+0.3%

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
Thomas Ng	Manager	015.00	Officer	$0	$0	$0
Can Tong Li	President	015.00	Officer	$0	$0	$0
Don Chan	Vice-President	001.00	Officer	$0	$0	$0
William Wong	Secretary	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	$1,296,934	$640,383	$15,896,434	$656,551
2023	$1,319,087	$813,909	$15,114,999	$505,178
2022	$1,278,318	$816,731	$14,474,169	$461,587
2021	$1,069,781	$654,039	$13,825,847	$415,742
2020	$1,128,425	$553,401	$13,299,775	$575,024
2019	$1,012,292	$659,916	$12,528,541	$352,376
2018	$1,083,684	$707,340	$12,060,225	$376,344

Hoy Sun Memorial Cemetery