FRIENDS OF THE CHINESE AMERICAN MUSEUM

EIN: 954176897 501(c)(3) Arts, Culture & Humanities

LOS ANGELES, CA

Total Revenue
$1,252,146
Total Expenses
$684,445
Total Assets
$3,718,939
Net Assets
$3,600,667
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1989
Legal Domicile
CA
Phone
2134858484
Tax Period
2024-04-01 to 2025-03-31

FRIENDS OF THE CHINESE AMERICAN MUSEUM, founded in 1989, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.3M in total revenue in fiscal year 2024. Revenue surged 87% from the prior year, signaling strong growth momentum. The organization ran a surplus of $568K, a strong 45% operating margin.

Mission

TO FOSTER A DEEPER UNDERSTANDING AND APPRECIATION OF AMERICA'S DIVERSE HERITAGE BY RESEARCHING, PRESERVING, AND SHARING THE HISTORY, RICH CULTURAL LEGACY, AND CONTINUING CONTRIBUTIONS OF CHINESE AMERICANS.

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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 $806,257
Program Service Revenue $0
Investment Income $10,429
Other Revenue $435,460
TOTAL REVENUE $1,252,146

Expense Breakdown

Grants Paid $0
Salaries & Benefits $420,883
Fundraising Expenses $0
Program Expenses $566,773
Other Expenses $263,562
TOTAL EXPENSES $684,445

Year-over-Year Comparison

2024 2023 Change
Revenue $1,252,146 $670,755 +0.9%
Expenses $684,445 $581,575 +0.2%
Net Income $567,701 $89,180 +5.4%
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

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Liquidity & Cash Position

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Governance

Voting Members
19
Independent Members
19
Employees
9
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
5
$0
Total Directors
18
$104,114
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LONG TRUONG Executive Dir. 40.00
Director
$104,114 $0 $104,114
JIM JANG Secretary 2.00
Officer Director
$0 $0 $0
JENNY LIN Director 2.00
Director
$0 $0 $0
EUGENE WONG MOY Director 2.00
Director
$0 $0 $0
ALFRED SOO-HOO PAST PRESIDENT 2.00
Director
$0 $0 $0
EDGAR GARCIA Director 2.00
Director
$0 $0 $0
EILEEN CHEN Director 2.00
Director
$0 $0 $0
MEI WAH LAU Treasurer 2.00
Officer Director
$0 $0 $0
PAM CHEN Director 2.00
Director
$0 $0 $0
GAY Q YUEN BOARD CHAIR 2.00
Officer Director
$0 $0 $0
JESSICA SAUSE Director 2.00
Director
$0 $0 $0
LAN ONG Director 2.00
Director
$0 $0 $0
PAULA MADISON Director 2.00
Director
$0 $0 $0
ANNA WONG Secretary 2.00
Director
$0 $0 $0
JOE L QUAN Director 2.00
Director
$0 $0 $0
TINA HE Director 2.00
Director
$0 $0 $0
LARRY JUNG VICE CHAIR 2.00
Officer Director
$0 $0 $0
ED LEW VICE CHAIR 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
2025 $1,252,146 $684,445 $3,718,939 $567,701
2024 $670,755 $581,575 $3,246,001 $89,180
2023 $559,740 $569,241 $2,964,328 $-9,501
2022 $831,199 $525,624 $2,980,539 $305,575
2021 $342,622 $493,092 $2,751,323 $-150,470
2020 $909,306 $563,004 $2,782,406 $346,302
2019 $913,189 $745,797 $2,445,871 $167,392
2018 $972,660 $815,172 $2,316,873 $157,488
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