WA SANG FOUNDATION

EIN: 943113810 501(c)(3)

SEATTLE, WA

Total Revenue
$742,796
Total Expenses
$613,848
Total Assets
$3,526,209
Net Assets
$1,342,425
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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
1989
Legal Domicile
WA
Principal Officer
LING CHINN
Phone
2066222032
Tax Period
2024-01-01 to 2024-12-31

WA SANG FOUNDATION, founded in 1989, is a small nonprofit that reported $743K in total revenue in fiscal year 2024. Revenue surged 48% from the prior year, signaling strong growth momentum. The organization ran a surplus of $129K, a strong 17% operating margin.

Mission

LOW INCOME HOUSING

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $135,776
Program Service Revenue $348,267
Investment Income $256,670
Other Revenue $2,083
TOTAL REVENUE $742,796

Expense Breakdown

Grants Paid $3,739
Salaries & Benefits $16,459
Fundraising Expenses $0
Program Expenses $513,385
Other Expenses $593,650
TOTAL EXPENSES $613,848

Year-over-Year Comparison

2024 2023 Change
Revenue $742,796 $501,476 +0.5%
Expenses $613,848 $486,150 +0.3%
Net Income $128,948 $15,326 +7.4%
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

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Governance

Voting Members
2
Independent Members
N/A
Employees
1
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
1
$0
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LING CHINN Director 2.00
Director
$0 $0 $0
WILL SPIESS President 2.00
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 $742,796 $613,848 $3,526,209 $128,948
2023 $501,476 $486,150 $3,263,332 $15,326
2022 $705,432 $494,917 $2,965,328 $210,515
2021 $620,068 $595,017 $3,494,140 $25,051
2020 $438,710 $529,857 $3,352,775 $-91,147
2019 $568,977 $516,488 $2,952,161 $52,489
2018 $862,130 $476,110 $2,689,189 $386,020
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