ANC SCHOLARSHIP FOUNDATION (EIN 204562752) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2006

Legal Domicile

Principal Officer

JAMES KIM

Phone

8188347000

Tax Period

2024-01-01 to 2024-12-31

ANC SCHOLARSHIP FOUNDATION, founded in 2006, is a small nonprofit in the Education sector that reported $140K in total revenue in fiscal year 2024. The organization ran a surplus of $26K, a strong 19% operating margin.

Mission

THE SPECIFIC PURPOSE IS TO ASSIST NEEDY STUDENTS IN PURSUIT OF ACADEMIC AND PERSONAL ACHIEVEMENT AND TO ENCOURAGE THOSE STUDENTS TO PARTICIPATE IN COMMUNITY AND CIVIC SERVICES AS AN INTEGRAL PART OF LEADERSHIP DEVELOPMENT.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $133,181

Program Service Revenue $0

Investment Income $7,111

Other Revenue $0

TOTAL REVENUE $140,292

Expense Breakdown

Grants Paid $107,500

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $110,758

Other Expenses $6,796

TOTAL EXPENSES $114,296

Year-over-Year Comparison

	2024	2023	Change
Revenue	$140,292	$136,518	+0.0%
Expenses	$114,296	$136,439	-0.2%
Net Income	$25,996	$79	+328.1%

Key Indicators

✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

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
TAE KIM	DIRECTOR	N/A	Director	$0	$0	$0
FRANK KWON	DIRECTOR	N/A	Director	$0	$0	$0
CAROL KWON	DIRECTOR	N/A	Director	$0	$0	$0
STEVE KIM	DIRECTOR	N/A	Director	$0	$0	$0
DANIEL KIM	DIRECTOR	N/A	Director	$0	$0	$0
SOO YEON KIM	DIRECTOR	N/A	Director	$0	$0	$0
JAMES KIM	CFO	N/A	Officer Director	$0	$0	$0
JASON I KIM	DIRECTOR	N/A	Director	$0	$0	$0
JEONG KI KIM	DIRECTOR	N/A	Director	$0	$0	$0
HYUN CHEOL KIM	DIRECTOR	N/A	Director	$0	$0	$0
JAMES SOHN	DIRECTOR	N/A	Director	$0	$0	$0
CHAN S SHON	DIRECTOR	N/A	Director	$0	$0	$0
SANGKI SONG	DIRECTOR	N/A	Director	$0	$0	$0
JOHN J SONG	DIRECTOR	N/A	Director	$0	$0	$0
SANG YOUNG LEE	DIRECTOR	N/A	Director	$0	$0	$0
RAYMOND JIN	DIRECTOR	N/A	Director	$0	$0	$0
KYUNG MI CHOI	DIRECTOR	N/A	Director	$0	$0	$0
WINSTON CHOE	DIRECTOR	N/A	Director	$0	$0	$0
SEAN CHOE	DIRECTOR	N/A	Director	$0	$0	$0
FRANCES CHOE	DIRECTOR	N/A	Director	$0	$0	$0
JEONGHOON CHOI	DIRECTOR	N/A	Director	$0	$0	$0
HYUN JO CHOE	DIRECTOR	N/A	Director	$0	$0	$0
KYU HO HAN	DIRECTOR	N/A	Director	$0	$0	$0
CALVIN CHA	DIRECTOR	N/A	Director	$0	$0	$0
BEN KIM	DIRECTOR	N/A	Director	$0	$0	$0
CHRISTOPHER J KIM	SECRETARY	N/A	Officer Director	$0	$0	$0
JONATHAN KANG	DIERCTOR	N/A	Director	$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
2025	No data	No data	No data	No data
2024	$140,292	$114,296	$248,287	$25,996
2023	$136,518	$136,439	$222,291	$79
2022	$110,769	$119,678	$222,212	$-8,909
2021	$104,633	$114,257	$231,121	$-9,624
2020	$107,818	$141,473	$240,745	$-33,655
2019	$148,524	$142,369	$274,400	$6,155
2018	$239,726	$118,819	$268,245	$120,907

ANC SCHOLARSHIP FOUNDATION