KOREAN AMERICAN EDUCATION FOUNDATION

EIN: 237275374 501(c)(3)

LAUREL, MD

Total Revenue
$1,065,283
Total Expenses
$323,447
Total Assets
$1,830,885
Net Assets
$1,830,885
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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
1987
Legal Domicile
MD
Principal Officer
CHOON JA KIM
Phone
2403812532
Tax Period
2024-07-01 to 2025-06-30

KOREAN AMERICAN EDUCATION FOUNDATION, founded in 1987, is a community nonprofit that reported $1.1M in total revenue in fiscal year 2024. Revenue surged 185% from the prior year, signaling strong growth momentum. The organization ran a surplus of $742K, a strong 70% operating margin.

Mission

TEACHING KOREAN LANGUAGE, HISTORY AND MUSIC ON WEEKEND.

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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 (2024)

Revenue Breakdown

Contributions & Grants $62,500
Program Service Revenue $269,420
Investment Income $719,318
Other Revenue $14,045
TOTAL REVENUE $1,065,283

Expense Breakdown

Grants Paid $0
Salaries & Benefits $151,433
Fundraising Expenses $4,916
Program Expenses $318,531
Other Expenses $172,014
TOTAL EXPENSES $323,447

Year-over-Year Comparison

2024 2023 Change
Revenue $1,065,283 $373,272 +1.9%
Expenses $323,447 $303,852 +0.1%
Net Income $741,836 $69,420 +9.7%
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
5
Independent Members
5
Employees
2
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
0
$0
Total Directors
1
$4,800
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TIFFANY S CHEW TEACHER 4.00
Director
$4,800 $0 $4,800
HYE KYUNG YI TEACHER 4.00
$4,800 $0 $4,800
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 $1,065,283 $323,447 $1,830,885 $741,836
2024 $373,272 $303,852 $1,089,049 $69,420
2023 $146,641 $266,876 $1,019,629 $-120,235
2022 $313,802 $239,914 $1,139,864 $73,888
2021 $389,018 $113,809 $1,065,976 $275,209
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