THE KOREAN SOCIETY OF OREGON

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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

2021

Legal Domicile

Phone

5039772617

Tax Period

2024-01-01 to 2024-12-31

THE KOREAN SOCIETY OF OREGON, founded in 2021, is a small nonprofit that reported $188K in total revenue in fiscal year 2024. Revenue fell 36% from the prior year — a significant decline worth monitoring. Expenses of $304K exceeded revenue, resulting in a 61% operating deficit.

Mission

PROMOTE KOREAN AMERICAN CULTURE AND LANGUAGE BY PROVIDING VARIOUS EVENTS TO KOREAN COMMUNITY

Program Service Accomplishments

Program 1

Expenses: $113,213

PROVIDING VARIOUS SOCIAL AND PUBLIC EVENTS TO EDUCATE KOREAN AMERICAN COMMUNITY

Program 2

Expenses: $31,333

PROMOTE KOREAN CULTURE AND LANGUAGE THROUGH THE KOREAN LANGUAGE CLASSES, ATHLETIC PROGRAMS AND COMMUNITY EVENT

Program 3

Expenses: $27,372

PROVIDING CONTRIBUTION TO KOREAN LANGUAGE SCHOOL AND KOREAN COMMUNITY TO PROMOTE KOREAN LANGUAGE AND 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 (2024)

Revenue Breakdown

Contributions & Grants $168,855

Program Service Revenue $19,376

Investment Income $57

Other Revenue $0

TOTAL REVENUE $188,288

Expense Breakdown

Grants Paid $27,372

Salaries & Benefits $0

Fundraising Expenses $47,583

Program Expenses $185,465

Other Expenses $268,750

TOTAL EXPENSES $303,622

Year-over-Year Comparison

	2024	2023	Change
Revenue	$188,288	$295,713	-0.4%
Expenses	$303,622	$267,981	+0.1%
Net Income	$-115,334	$27,732	-5.2%

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

N/A

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
HEONSOO KIM	CHAIRPERSON	5.00	Officer	$0	$0	$0
HO YOUNG EUM	PRESIDENT	5.00	Officer	$0	$0	$0
KYOO HYUK JANG	VICE PRESIDENT	5.00	Officer	$0	$0	$0
IN SOO HA	VICE CHAIRPERSON	5.00	Officer	$0	$0	$0
YOUNGWOOK SONG	TREASURER	5.00	Officer	$0	$0	$0
SYDNEY TAGGART	VICE PRESIDENT	10.00	Officer	$0	$0	$0
JUNG BANG OH	VICE PRESIDENT	5.00	Officer	$0	$0	$0
HYUNSIK PARK	DEPUTY	10.00	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	$188,288	$303,622	$19,223	$-115,334
2023	$295,713	$267,981	$134,557	$27,732
2022	$295,079	$275,977	$106,825	$19,102
2021	$219,225	$141,637	$87,723	$77,588