FORSHANG WORLD FOUNDATION (EIN 990341641) - 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

1999

Legal Domicile

Principal Officer

DAVID TSENG

Phone

8085958297

Tax Period

2023-01-01 to 2023-12-31

FORSHANG WORLD FOUNDATION, founded in 1999, is a micro nonprofit in the Religion sector that reported $38K in total revenue in fiscal year 2023. Revenue fell 59% from the prior year — a significant decline worth monitoring. Expenses of $37K left a modest 4% surplus.

Mission

FORSHANG WORLD FOUNDATION IS COMMITTED TO SPREADING THE KNOWLEDGE AND NATURE OF BUDDHA.

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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 $38,190

Program Service Revenue $0

Investment Income $3

Other Revenue $0

TOTAL REVENUE $38,193

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $36,532

Other Expenses $36,532

TOTAL EXPENSES $36,532

Year-over-Year Comparison

	2023	2022	Change
Revenue	$38,193	$92,878	-0.6%
Expenses	$36,532	$90,749	-0.6%
Net Income	$1,661	$2,129	-0.2%

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
CHENG-HSIEN LEE	DIRECTOR/PRESIDENT	N/A	Director	$0	$0	$0
PEI-FEN CHOU	DIRECTOR/TREASURER	N/A	Director	$0	$0	$0
MEI-TING LUI	DIRECTOR	N/A	Director	$0	$0	$0
DAVID TSENG	DIRECTOR/SECRETARY	010.00	Director	$0	$0	$0
JANE LIN TSENG	DIRECTOR	010.00	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
2023	$38,193	$36,532	$11,819	$1,661
2022	$92,878	$90,749	$10,158	$2,129
2021	$328,837	$327,489	$8,029	$1,348

FORSHANG WORLD FOUNDATION