GOOD SPOON (EIN 201182359) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2004

Legal Domicile

Principal Officer

Jae Euk Kim

Phone

7036222559

Tax Period

2024-01-01 to 2024-12-31

Good Spoon, founded in 2004, is a small nonprofit in the Human Services sector that reported $504K in total revenue in fiscal year 2018. Revenue decreased 18% compared to the prior year.

Mission

This organization helps homeless people in the Washington DC area. It receives all types of donations from many contributors, and provides all types of living necessities to people who need help.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,124,012

Program Service Revenue $0

Investment Income $19,549

Other Revenue $0

TOTAL REVENUE $1,143,561

Expense Breakdown

Grants Paid $831,860

Salaries & Benefits $81,055

Fundraising Expenses $0

Program Expenses $831,860

Other Expenses $114,499

TOTAL EXPENSES $1,027,414

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,143,561	$901,712	+0.3%
Expenses	$1,027,414	$834,563	+0.2%
Net Income	$116,147	$67,149	+0.7%

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

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

$48,000

Total Directors

$48,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jae Euk Kim	Officer	040.00	Officer Director	$48,000	$0	$48,000
Jung Sun CHOI	Director	001.00	Director	$0	$0	$0
Soon Se Jhin	Director	001.00	Director	$0	$0	$0
Seong Yoon	Director	001.00	Director	$0	$0	$0
Jay CHO	Director	001.00	Director	$0	$0	$0
Ginny Kim	Director	001.00	Director	$0	$0	$0
Young Kwan Kim	Director	001.00	Director	$0	$0	$0
Soo Yeon Lee	Director	001.00	Director	$0	$0	$0
Won Jun Choi	Director	001.00	Director	$0	$0	$0
Young Geum Kim	Director	001.00	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	$1,143,561	$1,027,414	$623,699	$116,147
2023	$901,712	$834,563	$536,606	$67,149
2022	$805,768	$449,414	$469,799	$356,354
2021	$732,269	$523,382	$254,659	$208,887
2020	$587,471	$514,931	$45,772	$72,540
2019	$574,774	$525,909	$26,538	$48,865
2018	$503,949	$489,175	$29,478	$14,774

GOOD SPOON