KoAm Education Alliance

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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

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 educational exchange program for Korean students in grades 4 - 12 and providing the opportunity to live with volunteer host families while attending schools for an academic year or semester

Program Service Accomplishments

Program 1

Expenses: $518,112 Revenue: $567,608

During the year KoAm Education Alliance has a total of 44 exchange students 37 host families and 14 American schools (located in MN, KS and NE) participating in the program. Most students stay in the...

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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 (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

Governance

Voting Members

Independent Members

N/A

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

$70,000

Total Directors

$106,000

Key Employees

Highest Compensated

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