INTERNATIONAL PLACE COUNCIL (KWA) (EIN 202304455) - 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

MYUNG LAE PARK

Phone

2535354202

Tax Period

2023-01-01 to 2023-12-31

INTERNATIONAL PLACE COUNCIL (KWA), founded in 2004, is a small nonprofit in the Housing & Shelter sector that reported $485K in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $619K exceeded revenue, resulting in a 27% operating deficit.

Mission

TO PROVIDE LOW INCOME HOUSING TO ELDERLY/HANDICAPPED PERSONS.

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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 $0

Program Service Revenue $484,896

Investment Income $503

Other Revenue $0

TOTAL REVENUE $485,399

Expense Breakdown

Grants Paid $0

Salaries & Benefits $114,467

Fundraising Expenses $0

Program Expenses $618,592

Other Expenses $504,125

TOTAL EXPENSES $618,592

Year-over-Year Comparison

	2023	2022	Change
Revenue	$485,399	$432,022	+0.1%
Expenses	$618,592	$669,509	-0.1%
Net Income	$-133,193	$-237,487	-0.4%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MYUNG LAE PARK	BOARD CHAIR	N/A	Officer	$0	$0	$0
YONI YI	HSG. COMMITT	2.00	Officer	$0	$0	$0
KYUNG JA SHIN	BOARD	2.00	Officer	$0	$0	$0
YOUNG GOERING	BOARD	2.00	Officer	$0	$0	$0
CHONG DAMERON	BOARD	2.00	Officer	$0	$0	$0
SUGIN CROW	BOARD	2.00	Officer	$0	$0	$0
DORI SYNN	BOARD	2.00	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
2024	No data	No data	No data	No data
2023	$485,399	$618,592	$4,256,539	$-133,193
2022	$432,022	$669,509	$4,405,522	$-237,487
2021	$375,098	$589,238	$4,662,522	$-214,140
2020	$358,045	$557,783	$4,840,650	$-199,738
2019	$353,190	$563,895	$5,015,790	$-210,705
2018	$339,379	$515,403	$5,204,474	$-176,024

INTERNATIONAL PLACE COUNCIL (KWA)