KOREAN NATIONAL ASSOCIATION MEMORIAL FOUNDATION (EIN 200356785) - 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

Phone

3237337350

Tax Period

2024-01-01 to 2024-12-31

KOREAN NATIONAL ASSOCIATION MEMORIAL FOUNDATION, founded in 2002, is a small nonprofit in the Arts, Culture & Humanities sector that reported $122K in total revenue in fiscal year 2024. Revenue surged 36% from the prior year, signaling strong growth momentum. Expenses of $116K left a modest 5% surplus.

Mission

KOREAN NATIONAL ASSOCIATION MEMORIAL FOUNDATION STAND TO HONOR OUR FOREFATHERS UNWAVERING BELIEF AND DESIRE FOR A FREE NATION AND WILL SERVE AS A PLATFORM FOR US TO UNDERSTAND WHO WE ARE AND TAKE PRIDE IN OURSELVES

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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 (2024)

Revenue Breakdown

Contributions & Grants $122,445

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $122,445

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $99,761

Other Expenses $116,413

TOTAL EXPENSES $116,413

Year-over-Year Comparison

	2024	2023	Change
Revenue	$122,445	$90,254	+0.4%
Expenses	$116,413	$90,103	+0.3%
Net Income	$6,032	$151	+38.9%

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

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
MICHELLE YOON	SECRETARY	10.00	Director	$0	$0	$0
PYONG YONG MIN	DIRECTOR	5.00	Director	$0	$0	$0
JENNIFER CHOI	DIRECTOR	5.00	Director	$0	$0	$0
JONG S JUNG	DIRECTOR	5.00	Director	$0	$0	$0
SUSAN S HAN	DIRECTOR	5.00	Director	$0	$0	$0
HYUNG H CHOI	DIRECTOR	5.00	Director	$0	$0	$0
KOOKHI BAE KIM	DIRECTOR	5.00	Director	$0	$0	$0
CHAE MOON SHIM	DIRECTOR	5.00	Director	$0	$0	$0
HYUN JOO YI	DIRECTOR	5.00	Director	$0	$0	$0
MARTIN CHOI	DIRECTOR	5.00	Director	$0	$0	$0
GABRIEL YIM	DIRECTOR	5.00	Director	$0	$0	$0
YOUNG SHIN KWON	DIRECTOR	5.00	Director	$0	$0	$0
CLARA WON	CEO	10.00	Officer	$0	$0	$0
SANG SEOK SUH	CFO	10.00	Officer	$0	$0	$0
DON K MOON	secretary	5.00	Officer	$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
2025	No data	No data	No data	No data
2024	$122,445	$116,413	$7,875	$6,032
2023	$90,254	$90,103	$1,843	$151
2022	$95,807	$97,129	$1,692	$-1,322
2021	$161,607	$160,193	$1,414	$1,414
2020	$103,382	$85,479	$25,635	$17,903
2019	$67,086	$132,972	$4,093	$-65,886
2018	$193,690	$128,342	$85,774	$65,348

KOREAN NATIONAL ASSOCIATION MEMORIAL FOUNDATION