YUCATAN RAINBOW SCHOLARSHIP FOUNDA… - Form 990 Financial Data

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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

2008

Legal Domicile

Principal Officer

YONG HOON KANG

Tax Period

2024-01-01 to 2024-12-31

YUCATAN RAINBOW SCHOLARSHIP FOUNDATION, founded in 2008, is a micro nonprofit in the Education sector that reported $66K in total revenue in fiscal year 2024. Revenue surged 192% from the prior year, signaling strong growth momentum. The organization ran a surplus of $44K, a strong 67% operating margin.

Mission

PROVIDE SCHOLARSHIPS AND GRANTS TO STUDENTS OF YUCATAN

Program Service Accomplishments

Program 1

PROVIDE SCHOLARSHIPS AND GRANTS TO STUDENTS OF YUCATAN IN PERU

Program 2

PROVIDE SCHOLARSHIPS AND GRANTS TO STUDENTS OF YUCATAN IN MEXICO

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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 $65,500

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $65,500

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $21,566

TOTAL EXPENSES $21,566

Year-over-Year Comparison

	2024	2023	Change
Revenue	$65,500	$22,460	+1.9%
Expenses	$21,566	$45,424	-0.5%
Net Income	$43,934	$-22,964	-2.9%

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

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
YONG HOON KANG	PRESIDENT	N/A	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	$65,500	$21,566	$133,003	$43,934
2023	$22,460	$45,424	$89,069	$-22,964
2022	$9,120	$20,756	$112,033	$-11,636
2021	$15,280	$25,894	$123,669	$-10,614
2020	$19,640	$10,633	$134,283	$9,007
2019	$39,244	$23,236	$125,276	$16,008
2018	$24,386	$19,712	$109,268	$4,674

YUCATAN RAINBOW SCHOLARSHIP FOUNDATION