Wlam Property Association

Nonprofit profile at a glance

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

21 people listed

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

To hold title to the east kong yick building for the benefit of the wing luke memorial foundation, dba wing luke museum.

Managed the financing and construction of new property to be the current home of the wing luke museum.

Revenue model: No positive adjusted resources. The filing reports no positive adjusted operating resources.
Distribution model: Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
Pay-setting controls: 0 of 6 controls in place; rating input score 0
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Missing
Foreign activity oversight: Limited
Grant itemization coverage: Limited
Major donor itemization: Limited
Related-party transparency: Limited

Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
Governance controls: 7 of 8 controls in place; rating input score 88
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass

Operating margin: Limited
Total-asset coverage ratio: 26.16; rating input score 84; 84th percentile among comparable filings
Liabilities to assets ratio: 0; rating input score 69; 69th percentile among comparable filings
Officer compensation ratio: 6.7%; rating input score 17; 17th percentile among comparable filings

Program expense growth: 0.1% per year; rating input score 100; 51st percentile among comparable filings
Revenue growth: -40% per year; rating input score 0; 10th percentile among comparable filings
Asset growth: -3% per year; rating input score 0; 26th percentile among comparable filings

Where the money goes: 100% of spending went to programs
Governance: 16 of 16 board members independent · 7 of 8 filing controls reported
Programs: 1 filed program accomplishment · $453K in reported program spending
Leadership: top reported pay $338K · 21 people listed · 0 of 6 pay-setting controls reported
Consistency: 13 of 13 current checks pass
Schedules: 4 filed schedules · includes executive pay
Filing history: 14 filing years from 2011 to 2024
Contacts: How to reach this organization
Related organizations: 2 filed related-organization links
Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
People: Everyone the filings name, and which of them the filings identify by more than a name.

Signals prioritize questions for review. They are not findings of misconduct.

High — Transparency & Controls: Pay-setting controls scored 0/100.
High — Growth: Revenue growth scored 0/100.
Review — Accountability: Governance controls: Other executive compensation review process not reported.
High — Growth: Asset growth scored 0/100.
High — Sustainability: Officer compensation ratio scored 17/100.