THE KOREA CENTER FOR CULTURE AND EDUCATION INC (EIN 113530016) - 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

2002

Legal Domicile

Principal Officer

CHANGBOH CHEE

Phone

2126432727

Tax Period

2020-09-01 to 2021-08-31

THE KOREA CENTER FOR CULTURE AND EDUCATION INC, founded in 2002, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $23K in total revenue in fiscal year 2020. Revenue grew 15% year-over-year, indicating healthy expansion. The organization ran a surplus of $17K, a strong 74% operating margin.

Mission

PROVIDE CULTURAL AND EDUCATIONAL EXCHANGE; SCHOLARSHIPS FOR PROMISING KOREAN AND KOREAN-AMERICAN STUDENTS; AND, CONFERENCES, ART EXHIBITS AND OTHER RELATED PROGRAMS.

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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 (2020)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $23,389

Other Revenue $0

TOTAL REVENUE $23,389

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,000

Other Expenses $6,150

TOTAL EXPENSES $6,150

Year-over-Year Comparison

	2020	2019	Change
Revenue	$23,389	$20,369	+0.1%
Expenses	$6,150	$101,920	-0.9%
Net Income	$17,239	$-81,551	-1.2%

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
LESLIE HONG AI BAI	TRUSTEE	0.10	Director	$0	$0	$0
CHANGBOH CHEE	PRESIDENT	1.00	Officer Director	$0	$0	$0
AGNES KIM	TRUSTEE	1.00	Director	$0	$0	$0
HIYOL YANG	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
2021	$23,389	$6,150	$437,900	$17,239
2020	$20,369	$101,920	$378,824	$-81,551
2018	$25,511	$5,314	$447,630	$20,197

THE KOREA CENTER FOR CULTURE AND EDUCATION INC