MINKWON CENTER FOR COMMUNITY ACTION INC (EIN 112710506) - 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

1984

Legal Domicile

Principal Officer

JOHN PARK

Phone

7184605600

Tax Period

2023-01-01 to 2023-12-31

MINKWON CENTER FOR COMMUNITY ACTION INC, founded in 1984, is a community nonprofit in the Human Services sector that reported $2.8M in total revenue in fiscal year 2023. Revenue decreased 12% compared to the prior year. Expenses of $2.6M left a modest 5% surplus.

Mission

COMPANYS MISSION IS EMPOWERING THE KOREAN AMERICAN COMMUNITY, AND WIDER ASIAN AMERICAN AND IMMIGRANT COMMUNITIES, TO ACHIEVE ECONOMIC AND SOCIAL JUSTICE FOR ALL.

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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 $2,762,598

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $2,762,598

Expense Breakdown

Grants Paid $204,437

Salaries & Benefits $1,580,751

Fundraising Expenses $92,182

Program Expenses $2,176,960

Other Expenses $829,757

TOTAL EXPENSES $2,614,945

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,762,598	$3,142,786	-0.1%
Expenses	$2,614,945	$2,502,356	+0.0%
Net Income	$147,653	$640,430	-0.8%

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

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

$83,500

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
YU SOUNG MUN	DIRECTOR/PRESIDENT	1.00	Officer Director	$0	$0	$0
LINA LEE	DIRECTOR/VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
JENNIFER HEEJIN KIM	DIRECTOR	1.00	Director	$0	$0	$0
MEE EUN CHANG	DIRECTOR	1.00	Director	$0	$0	$0
BYUNG HO KANG	DIRECTOR	1.00	Director	$0	$0	$0
SUSSAN LEE	DIRECTOR	1.00	Director	$0	$0	$0
SUNGOK LEE	DIRECTOR	1.00	Director	$0	$0	$0
YONG CHUN RIM	DIRECTOR	1.00	Director	$0	$0	$0
JOHN PARK	EXECUTIVE DIRECTOR	40.00	Officer	$83,500	$0	$83,500
YANGSUN PARK	DIRECTOR/TREASURER	1.00	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
2024	No data	No data	No data	No data
2023	$2,762,598	$2,614,945	$4,275,288	$147,653
2022	$3,142,356	$2,472,441	$3,994,425	$669,915
2022	$3,142,786	$2,502,356	$4,333,835	$640,430
2021	$2,888,245	$2,274,641	$3,279,363	$613,604
2019	$1,253,728	$1,259,378	$1,589,676	$-5,650
2019	$1,503,728	$1,259,378	$1,839,676	$244,350
2018	$965,193	$1,322,841	$1,589,664	$-357,648

MINKWON CENTER FOR COMMUNITY ACTION INC