IBREA FOUNDATION (EIN 262331802) - 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

2008

Legal Domicile

Principal Officer

JU EUN SHIN

Phone

2123190848

Tax Period

2023-01-01 to 2023-12-31

IBREA FOUNDATION, founded in 2008, is a small nonprofit in the Medical Research sector that reported $262K in total revenue in fiscal year 2023. Revenue fell 35% from the prior year — a significant decline worth monitoring. Expenses of $301K exceeded revenue, resulting in a 15% operating deficit.

Mission

TO INCREASE AWARENESS OF THE HUMAN BRAIN'S CAPACITY TO CREATE HEALTH, HAPPINESS, AND PEACE FOR INDIVIDUALS, COMMUNITIES, AND NATIONS THROUGH HOLISTIC BRAIN EDUCATION.

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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 $155,247

Program Service Revenue $103,706

Investment Income $11

Other Revenue $3,172

TOTAL REVENUE $262,136

Expense Breakdown

Grants Paid $0

Salaries & Benefits $100,177

Fundraising Expenses $0

Program Expenses $178,966

Other Expenses $200,379

TOTAL EXPENSES $300,556

Year-over-Year Comparison

	2023	2022	Change
Revenue	$262,136	$405,337	-0.4%
Expenses	$300,556	$301,952	0.0%
Net Income	$-38,420	$103,385	-1.4%

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

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

$72,000

Total Directors

$72,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ISABEL PASTOR GUZMAN	DIRECTOR/SEC	40.00	Officer Director	$36,000	$0	$36,000
JU EUN SHIN	DIRECTOR/TRE	40.00	Officer Director	$36,000	$0	$36,000
ANNE COVERT	BOARD CHAIR	5.00	Director	$0	$0	$0
COLLETTE HEMMINGS	DIRECTOR	10.00	Director	$0	$0	$0
KYUNG RUN KIM	DIRECTOR	2.00	Director	$0	$0	$0
SUNG HEE KIM	DIRECTOR	2.00	Director	$0	$0	$0
JOUNG HAN LEE	DIRECTOR	2.00	Director	$0	$0	$0
JOUNG WON LEE	DIRECTOR	2.00	Director	$0	$0	$0
SEUNG HEUN LEE	PRESIDENT/DI	10.00	Officer Director	$0	$0	$0
WARRINGTON PARKER	VICE PRESIDE	5.00	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	$262,136	$300,556	$1,271,414	$-38,420
2022	$405,337	$301,952	$1,363,386	$103,385
2021	$348,391	$339,648	$1,183,268	$8,743
2021	$344,213	$341,612	$1,239,920	$2,601
2020	$180,447	$175,757	$1,249,018	$4,690
2019	$254,617	$209,369	$1,149,943	$45,248
2018	$248,918	$234,845	$1,114,450	$14,073

IBREA FOUNDATION