HASANG INST FOR KOREAN-AMER CULTURE & EDUCATION (EIN 270734811) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2010

Legal Domicile

Phone

7039683010

Tax Period

2024-01-01 to 2024-12-31

HASANG INSTITUTE FOR KOREAN-AMERICAN, founded in 2010, is a small nonprofit in the Arts, Culture & Humanities sector that reported $196K in total revenue in fiscal year 2018. Revenue decreased 11% compared to the prior year.

Mission

EDUCATING CHILDREN OF THE KOREAN LANGUAGE AND CULTURE, EDUCATING KOREAN- AMERICAN ADULTS OF THE AMERICAN LANGUAGE AND CULTURE AND PROMOTING CHRISTIAN BELIEF AMONG KOREAN-AMERICANS

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $15,264

Program Service Revenue $285,840

Investment Income $5,364

Other Revenue $0

TOTAL REVENUE $306,468

Expense Breakdown

Grants Paid $3,000

Salaries & Benefits $174,548

Fundraising Expenses $0

Program Expenses $277,623

Other Expenses $100,075

TOTAL EXPENSES $277,623

Year-over-Year Comparison

	2024	2023	Change
Revenue	$306,468	$272,903	+0.1%
Expenses	$277,623	$214,524	+0.3%
Net Income	$28,845	$58,379	-0.5%

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

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	Role	Reportable Comp	Other Comp	Total
HA JEONG BAE	CHAIRMAN	Officer Director	$0	$0	$0
SI CHANG NOH	DIRECTOR	Officer Director	$0	$0	$0
CECILIA HONG	DIRECTOR	Officer Director	$0	$0	$0
JASON HUH	DIRECTOR	Officer Director	$0	$0	$0
MICHAEL AHN	DIRECTOR	Officer 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	$306,468	$277,623	$278,426	$28,845
2023	$272,903	$214,524	$249,494	$58,379
2022	$228,835	$178,193	$191,207	$50,642
2021	$84,985	$82,966	$141,358	$2,019
2020	$30,593	$50,886	$137,098	$-20,293
2019	$231,270	$236,340	$157,764	$-5,070
2018	$196,112	$207,795	$163,479	$-11,683

HASANG INST FOR KOREAN-AMER CULTURE & EDUCATION