KoAm Education Alliance

EIN: 203380172 501(c)(3) Youth Development

Eden Prairie, MN

Total Revenue
$567,608
Total Expenses
$526,977
Total Assets
$389,002
Net Assets
$-142,641
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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
2006
Legal Domicile
OH
Principal Officer
Haewon Park
Phone
7203397710
Tax Period
2019-01-01 to 2019-12-31

KoAm Education Alliance, founded in 2006, is a small nonprofit in the Youth Development sector that reported $568K in total revenue in fiscal year 2019. Expenses of $527K left a modest 7% surplus.

Mission

Created for the purpose of offering an education exchange program for Korean students in grades 4 - 12 and providing the opportunity to live with volunteer host families while attending schools

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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%)

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Financial Overview (2019)

Revenue Breakdown

Contributions & Grants $16,500
Program Service Revenue $535,471
Investment Income $64
Other Revenue $15,573
TOTAL REVENUE $567,608

Expense Breakdown

Grants Paid $0
Salaries & Benefits $274,579
Fundraising Expenses $0
Program Expenses $518,112
Other Expenses $252,398
TOTAL EXPENSES $526,977

Year-over-Year Comparison

2019 2018 Change
Revenue $567,608 $596,943 0.0%
Expenses $526,977 $595,278 -0.1%
Net Income $40,631 $1,665 +23.4%
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

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Governance

Voting Members
4
Independent Members
N/A
Employees
3
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
2
$70,000
Total Directors
3
$106,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Haewon Park Treasurer 40.00
Officer Director
$60,000 $0 $60,000
Nicole Riebe Officer 32.00
Director
$36,000 $0 $36,000
Jae Park Executive Director 40.00
Officer Director
$10,000 $0 $10,000
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
2019 $567,608 $526,977 $389,002 $40,631
2018 $596,943 $595,278 $463,648 $1,665
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