FRIENDS OF THE CHINESE AMERICAN MU… - Form 990 Financial Data

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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

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 $1.4M in total revenue in fiscal year 2024. Revenue surged 115% from the prior year, signaling strong growth momentum. The organization ran a surplus of $568K, a strong 39% 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.

Program Service Accomplishments

Program 1

Expenses: $398,546

MUSEUM EXHIBITIONS OPEN TO THE PUBLIC SHOWCASING CHINESE AMERICAN HISTORY AND HERITAGE.

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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 $806,257

Program Service Revenue $0

Investment Income $10,429

Other Revenue $623,428

TOTAL REVENUE $1,440,114

Expense Breakdown

Grants Paid $0

Salaries & Benefits $420,883

Fundraising Expenses $315,588

Program Expenses $398,546

Other Expenses $451,530

TOTAL EXPENSES $872,413

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,440,114	$670,755	+1.1%
Expenses	$872,413	$581,575	+0.5%
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

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

$104,114

Key Employees

Highest Compensated

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
2025	$1,440,114	$872,413	$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

FRIENDS OF THE CHINESE AMERICAN MUSEUM