KOREAN AMERICAN SPECIAL EDUCATION CENTER (EIN 201635852) - 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

2004

Legal Domicile

Principal Officer

KYUNGHAE ROSA CHANG

Phone

5629262040

Tax Period

2024-01-01 to 2024-12-31

KOREAN AMERICAN SPECIAL EDUCATION CENTER, founded in 2004, is a small nonprofit in the Youth Development sector that reported $909K in total revenue in fiscal year 2024. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $852K left a modest 6% surplus.

Mission

TO PROVIDE EDUCATION AND SERVICE TO CHILDREN WITH DISABILITIES AND THEIR FAMILY.

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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 $730,738

Program Service Revenue $24,378

Investment Income $18,214

Other Revenue $135,574

TOTAL REVENUE $908,904

Expense Breakdown

Grants Paid $0

Salaries & Benefits $504,496

Fundraising Expenses $35,989

Program Expenses $733,050

Other Expenses $347,738

TOTAL EXPENSES $852,234

Year-over-Year Comparison

	2024	2023	Change
Revenue	$908,904	$772,883	+0.2%
Expenses	$852,234	$706,176	+0.2%
Net Income	$56,670	$66,707	-0.2%

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

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

$66,488

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KYUNGHAE ROSA CHANG	EXECUTIVE DI	40.00	Officer	$66,488	$0	$66,488
SUNGHEON KANG	BOARD CHAIR	N/A	Director	$0	$0	$0
JOHN KIM	BOARD MEMBER	N/A	Director	$0	$0	$0
KAREN MOON	BOARD MEMBER	N/A	Director	$0	$0	$0
HYUN S PARK	BOARD MEMBER	N/A	Director	$0	$0	$0
JIN PARK	BOARD MEMBER	N/A	Director	$0	$0	$0
KI HONG PARK	BOARD MEMBER	N/A	Director	$0	$0	$0
ALBERT JANG	TREASURER	N/A	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
2024	$908,904	$852,234	$648,145	$56,670
2023	$772,883	$706,176	$591,143	$66,707
2022	$528,918	$498,232	$574,435	$30,686
2021	$554,981	$377,494	$541,341	$177,487
2020	$359,157	$360,222	$368,623	$-1,065
2019	$515,561	$518,298	$241,614	$-2,737
2018	$505,590	$409,769	$301,990	$95,821

KOREAN AMERICAN SPECIAL EDUCATION CENTER