MORNING STAR KOREAN CULTURAL CENTER (EIN 270028338) - 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

2002

Principal Officer

CHRISTINE CHEH

Phone

2062515659

Tax Period

2024-01-01 to 2024-12-31

MORNING STAR KOREAN CULTURAL CENTER, founded in 2002, is a small nonprofit in the Arts, Culture & Humanities sector that reported $220K in total revenue in fiscal year 2024. Revenue fell 22% from the prior year — a significant decline worth monitoring. Expenses of $347K exceeded revenue, resulting in a 57% operating deficit.

Mission

THE MORNING STAR CULTURAL CENTER IS COMMITTED TO ENRICHING LIVES THROUGH ARTISTIC EXPRESSION, EDUCATIONAL OPPORTUNITIES, AND CULTURAL APPRECIATION. WE PROUDLY SERVE A GLOBAL COMMUNITY TO PROMOTE AWARENESS AND ENCOURAGE POSITIVE CULTURAL EXCHANGE.

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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 $220,380

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $220,380

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $346,881

Other Expenses $346,881

TOTAL EXPENSES $346,881

Year-over-Year Comparison

	2024	2023	Change
Revenue	$220,380	$282,370	-0.2%
Expenses	$346,881	$150,519	+1.3%
Net Income	$-126,501	$131,851	-2.0%

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
SINAE CHEH	TRUSTEE / DI	N/A	Officer Director	$0	$0	$0
KWANSOOK HINKLE	PRESIDENT	N/A	Director	$0	$0	$0
CHRISTINE CHEH	SECRETARY	N/A	Officer	$0	$0	$0
VIVIEN EUGENIO	TREASURER	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	$220,380	$346,881	$3,192,093	$-126,501
2023	$282,370	$150,519	$3,315,948	$131,851
2021	$213,318	$223,909	$3,216,090	$-10,591
2020	$108,700	$107,984	$991,162	$716

MORNING STAR KOREAN CULTURAL CENTER