TUNG SEN ASSOCIATION (EIN 946088175) - 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

1936

Legal Domicile

Principal Officer

KENNETH SIU

Phone

4153972834

Tax Period

2023-01-01 to 2023-12-31

TUNG SEN ASSOCIATION, founded in 1936, is a small nonprofit that reported $493K in total revenue in fiscal year 2023. Revenue fell 26% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $133K, a strong 27% operating margin.

Mission

SOCIAL WELFARE OF THE CHINESE COMMUNITY

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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 $77,895

Program Service Revenue $185,950

Investment Income $59,683

Other Revenue $169,686

TOTAL REVENUE $493,214

Expense Breakdown

Grants Paid $143,380

Salaries & Benefits $32,300

Fundraising Expenses $0

Other Expenses $184,749

TOTAL EXPENSES $360,429

Year-over-Year Comparison

	2023	2022	Change
Revenue	$493,214	$669,977	-0.3%
Expenses	$360,429	$360,373	+0.0%
Net Income	$132,785	$309,604	-0.6%

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

N/A

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
KENNETH SIU	PRESIDENT	0.00	Director	$0	$0	$0
DAVID JANG	SECRETARY-CHI	0.00	Director	$0	$0	$0
HENRY LOW	SECRETARY-ENG	0.00	Director	$0	$0	$0
LAWRENCE WONG	TREASURER	15.00	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	No data	No data	No data	No data
2023	$493,214	$360,429	$4,620,408	$132,785
2022	$669,977	$360,373	$4,120,507	$309,604
2021	$1,172,457	$273,857	$4,619,936	$898,600
2020	$433,117	$225,008	$3,559,818	$208,109
2019	$422,616	$348,763	$3,635,515	$73,853
2018	$255,234	$342,134	$3,166,323	$-86,900

TUNG SEN ASSOCIATION