KOREAN-AMERICAN COMMUNITY FOUNDATION INC (EIN 161643114) - 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

KYUNG YOON

Phone

6468789427

Tax Period

2023-01-01 to 2023-12-31

KOREAN-AMERICAN COMMUNITY FOUNDATION INC, founded in 2002, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $2.7M in total revenue in fiscal year 2023. Revenue fell 30% from the prior year — a significant decline worth monitoring. Expenses of $3.4M exceeded revenue, resulting in a 24% operating deficit.

Mission

KACF PROVIDES GRANTS AND CAPACITY BUILDING ASSISTANCE TO ORGANIZATIONS WORKING TO ADDRESS THE MOST PRESSING NEEDS IN THE KOREAN AMERICAN COMMUNITY AND BEYOND.

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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 $2,615,805

Program Service Revenue $0

Investment Income $191,992

Other Revenue $-84,226

TOTAL REVENUE $2,723,571

Expense Breakdown

Grants Paid $2,029,500

Salaries & Benefits $1,024,713

Fundraising Expenses $394,616

Program Expenses $2,608,725

Other Expenses $324,239

TOTAL EXPENSES $3,378,452

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,723,571	$3,884,951	-0.3%
Expenses	$3,378,452	$3,105,762	+0.1%
Net Income	$-654,881	$779,189	-1.8%

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

$484,343

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KYUNG B YOON	PRESIDENT	040.00	Officer	$276,419	$8,483	$284,902
BRENNAN GANG VICE PRESIDENT	OF PROGRAMS OPERATIONS	040.00	Officer	$180,283	$19,158	$199,441
S STEVEN YANG	DIRECTOR	000.25	Director	$0	$0	$0
ALEX CHI	DIRECTOR - RESIGNED ON 6/8/23	000.25	Director	$0	$0	$0
LISA KIM	DIRECTOR	000.25	Director	$0	$0	$0
CHUL PAK	DIRECTOR	000.25	Director	$0	$0	$0
JEANNIE PARK	CHAIR	002.00	Officer Director	$0	$0	$0
RICHARD PARK	DIRECTOR	000.25	Director	$0	$0	$0
MICHAEL K CHUNG	DIRECTOR	000.25	Director	$0	$0	$0
JUDY KIM	DIRECTOR	000.25	Director	$0	$0	$0
DAVID H LEE	TREASURER	001.00	Officer Director	$0	$0	$0
DAVID K PARK	SECRETARY	001.00	Officer Director	$0	$0	$0
CATHY OH	DIRECTOR	000.25	Director	$0	$0	$0
PRISCA BAE	DIRECTOR	000.25	Director	$0	$0	$0
CHRIS PARK	DIRECTOR	000.25	Director	$0	$0	$0
JAMES SEO	DIRECTOR	000.25	Director	$0	$0	$0
EDWARD J LEE	DIRECTOR	000.25	Director	$0	$0	$0
MICHAEL PARK	DIRECTOR	000.25	Director	$0	$0	$0
JUMEE SONG	DIRECTOR	000.25	Director	$0	$0	$0
JOSEPHINE SHIN	DIRECTOR	000.25	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	$2,723,571	$3,378,452	$5,839,524	$-654,881
2022	$3,884,951	$3,105,762	$5,808,291	$779,189
2021	$3,532,545	$2,526,804	$4,855,167	$1,005,741
2020	$2,223,370	$1,714,507	$2,863,182	$508,863

KOREAN-AMERICAN COMMUNITY FOUNDATION INC