THE KOREAN SCHOOL OF NEW JERSEY INC (EIN 222472384) - 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

1982

Legal Domicile

Principal Officer

SUNG WON LEE

Phone

2017675734

Tax Period

2023-01-01 to 2023-12-31

THE KOREAN SCHOOL OF NEW JERSEY INC, founded in 1982, is a small nonprofit that reported $517K in total revenue in fiscal year 2023. Revenue grew 8% year-over-year, indicating healthy expansion. The organization ran a surplus of $95K, a strong 18% operating margin.

Mission

EDUCATION OF KOREAN LANGUAGE & CULTURE

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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 $516,650

Investment Income $9

Other Revenue $0

TOTAL REVENUE $516,659

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $390,018

Other Expenses $421,584

TOTAL EXPENSES $421,584

Year-over-Year Comparison

	2023	2022	Change
Revenue	$516,659	$476,553	+0.1%
Expenses	$421,584	$357,281	+0.2%
Net Income	$95,075	$119,272	-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

N/A

Employees

N/A

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
HYE KYUN KIM	SECRETARY	N/A	Director	$0	$0	$0
HYUNJOO HWANG KIM	PRINCIPAL	N/A	Director	$0	$0	$0
CHANSEO LEE	VICE PRESIDE	N/A	Director	$0	$0	$0
SUNG WON LEE	CHAIRMAN	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
2024	No data	No data	No data	No data
2023	$516,659	$421,584	$737,477	$95,075
2022	$476,553	$357,281	$642,402	$119,272
2021	$286,854	$265,016	$523,130	$21,838
2020	$319,094	$244,614	$501,292	$74,480
2019	$392,280	$393,491	$426,812	$-1,211
2018	$401,533	$357,906	$428,023	$43,627

THE KOREAN SCHOOL OF NEW JERSEY INC