THE BLESSINGS FOUNDATION INC

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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

1994

Legal Domicile

Principal Officer

GRANT CHEN

Phone

6263722070

Tax Period

2023-01-01 to 2023-12-31

THE BLESSINGS FOUNDATION INC, founded in 1994, is a small nonprofit in the Housing & Shelter sector that reported $902K in total revenue in fiscal year 2023. Revenue surged 308% from the prior year, signaling strong growth momentum. Expenses of $873K left a modest 3% surplus.

Mission

TO SUPPORT THE CHRISTIAN EVANGELISTIC EFFORT TO THE WORLD IN GENERAL AND TO THE CHINESE IN PATICULAR. TO STRENTHEN THE CHRISTIAN FAITH THROUGH THE EFFORT OF RESEARCH AND ALL FORMS OF MEETING AND COMMUNICATION.

Program Service Accomplishments

Program 1

Expenses: $587,260

SUPPORT GIFTED INTELLECTUALS TO CONCENTRATE ON RESEARCH, WRITING AND PRODUCING MASS MEDIA PRODUCTS IN ORDER TO SPREAD CHRISTIAN THOUGHTS TO THE SOCIETY.

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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 $896,273

Program Service Revenue $0

Investment Income $6,098

Other Revenue $0

TOTAL REVENUE $902,371

Expense Breakdown

Grants Paid $0

Salaries & Benefits $318,543

Fundraising Expenses $0

Program Expenses $587,260

Other Expenses $554,911

TOTAL EXPENSES $873,454

Year-over-Year Comparison

	2023	2022	Change
Revenue	$902,371	$221,118	+3.1%
Expenses	$873,454	$252,698	+2.5%
Net Income	$28,917	$-31,580	-1.9%

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

$88,208

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EDWIN SU	DIRECTOR	5.00	Director	$0	$0	$0
JASON LOK	DIRECTOR	5.00	Director	$0	$0	$0
HARRY LIU	DIRECTOR	5.00	Director	$0	$0	$0
PATRICK CHEN	DIRECTOR	5.00	Director	$0	$0	$0
EKRON CHEN	DIRECTOR	5.00	Director	$0	$0	$0
ALEX CHU	CHAIRMAN	5.00	Director	$0	$0	$0
BETTY YU	TREASURER	10.00	Officer	$0	$0	$0
KANG XIAO	SECRETARY	5.00	Officer	$0	$0	$0
GRANT CHEN	PRESIDENT	40.00	Officer	$59,473	$28,735	$88,208

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	$902,371	$873,454	$494,949	$28,917
2022	$887,501	$649,608	$498,644	$237,893
2022	$221,118	$252,698	$467,115	$-31,580
2021	$562,182	$581,670	$260,456	$-19,488
2020	$633,049	$503,168	$279,799	$129,881
2019	$534,440	$509,559	$150,789	$24,881
2018	$534,281	$478,119	$140,705	$56,162