Kong Chow Benevolent Association (EIN 946124089) - 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

1905

Legal Domicile

Principal Officer

Robert Wong

Phone

4154330603

Tax Period

2024-01-01 to 2024-12-31

Kong Chow Benevolent Association, founded in 1905, is a small nonprofit that reported $212K in total revenue in fiscal year 2024. Revenue decreased 14% compared to the prior year. Expenses of $259K exceeded revenue, resulting in a 22% operating deficit.

Mission

Kong Chow Benevolent Association is a mutual benefit organization established to serve both the physical and spiritual needs of the Chinese community in the Bay Area through the operation of the Kong Chow Temple.

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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 $51,857

Program Service Revenue $0

Investment Income $29,153

Other Revenue $131,255

TOTAL REVENUE $212,265

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $207,072

Other Expenses $259,280

TOTAL EXPENSES $259,280

Year-over-Year Comparison

	2024	2023	Change
Revenue	$212,265	$247,614	-0.1%
Expenses	$259,280	$179,516	+0.4%
Net Income	$-47,015	$68,098	-1.7%

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

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
Fong Chok Cheong	President	010.00	Officer Director	$0	$0	$0
Robert Wong	Vice President	010.00	Officer Director	$0	$0	$0
Terry Lau	Secretary	010.00	Officer Director	$0	$0	$0
Robert Lam	Treasurer	010.00	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	$212,265	$259,280	$937,527	$-47,015
2023	$247,614	$179,516	$984,542	$68,098
2022	$204,776	$116,134	$916,444	$88,642
2021	$208,255	$109,998	$827,802	$98,257
2020	$178,933	$116,196	$729,545	$62,737
2019	$213,092	$194,170	$666,809	$18,922
2018	$254,462	$189,378	$647,887	$65,084

Kong Chow Benevolent Association