GLOBAL KOREAN NURSING FOUNDATIONIN

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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

2004

Legal Domicile

Principal Officer

MINSEUNG CHU

Tax Period

2023-01-01 to 2023-12-31

GLOBAL KOREAN NURSING FOUNDATIONIN, founded in 2004, is a small nonprofit in the Education sector that reported $220K in total revenue in fiscal year 2023. Revenue decreased 17% compared to the prior year. The organization ran a surplus of $115K, a strong 52% operating margin.

Mission

TO SUPPORT KOREAN NURSES WHO ARE ENGAGED IN THE ADVANCEMENT OF NURSING PROFESSION THROUGH THEIR NURSING PRACTICE, EDUCATION, AND RESEARCH.

Program Service Accomplishments

Program 1

Expenses: $105,156

THE ORGANIZATION PROVIDED KOREAN NURSING STUDENTS VARIOUS EDUCATIONAL CONFERENCES AND SCHOLARSHIPS TO MOTIVATE THEM TO ENGAGE IN THE NURSING PRACTICE.

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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 $212,610

Program Service Revenue $0

Investment Income $7,437

Other Revenue $0

TOTAL REVENUE $220,047

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $105,156

Other Expenses $105,302

TOTAL EXPENSES $105,302

Year-over-Year Comparison

	2023	2022	Change
Revenue	$220,047	$264,199	-0.2%
Expenses	$105,302	$39,880	+1.6%
Net Income	$114,745	$224,319	-0.5%

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

N/A

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
MINSEUNG CHU	DIRECTOR	10.00	Officer	$0	$0	$0
MI JA KIM	PRESIDENT	40.00	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
2023	$220,047	$105,302	$339,064	$114,745
2022	$264,199	$39,880	$224,319	$224,319