MULTICULTURAL ARTS & ENTERTAINMENT GROUP

EIN: 272797534 501(c)(3)

CORDOVA, TN

Total Revenue
$246,347
Total Expenses
$276,568
Total Assets
N/A
Net Assets
$-98,295
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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
2010
Legal Domicile
TN
Principal Officer
GEORGE KWANG MIN
Phone
9012185184
Tax Period
2025-01-01 to 2025-12-31

MULTICULTURAL ARTS & ENTERTAINMENT GROUP, founded in 2010, is a small nonprofit that reported $246K in total revenue in fiscal year 2025. Revenue fell 43% from the prior year — a significant decline worth monitoring. Expenses of $277K exceeded revenue, resulting in a 12% operating deficit.

Mission

EDUCATE PEOPLE IN MID SOUTH ABOUT ARTS AND CULTURE OF ASIAN HERITAGE.

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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 (2025)

Revenue Breakdown

Contributions & Grants $246,347
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $246,347

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $276,568
Other Expenses $276,568
TOTAL EXPENSES $276,568

Year-over-Year Comparison

2025 2024 Change
Revenue $246,347 $430,184 -0.4%
Expenses $276,568 $387,557 -0.3%
Net Income $-30,221 $42,627 -1.7%
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
2
Independent Members
N/A
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
4
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JULIE MIM-PHELPS TREASURER N/A
Officer
$0 $0 $0
GEORGE KWANG MIN PRESIDENT N/A
Officer
$0 $0 $0
LAUNA MORRIS VICE PRESIDE N/A
Officer
$0 $0 $0
ALEXIS L PATREE SECRETARY 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
2025 $246,347 $276,568 No data $-30,221
2024 $430,184 $387,557 No data $42,627
2023 $540,757 $610,844 No data $-70,087
2022 $495,380 $429,589 No data $65,791
2021 $213,925 $220,897 No data $-6,972
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