THE FRIENDSHP SOCIETY OF KOREAN IMMIGRANTS INC

EIN: 273073532 501(c)(3) Human Services

ATLANTA, GA

Total Revenue
$86,953
Total Expenses
$800
Total Assets
$3,351,757
Net Assets
$3,351,757
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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
Principal Officer
PYUNG J KIM
Phone
7705374818
Tax Period
2022-01-01 to 2022-12-31

THE FRIENDSHP SOCIETY OF KOREAN IMMIGRANTS INC, founded in 2010, is a micro nonprofit in the Human Services sector that reported $87K in total revenue in fiscal year 2022. Revenue fell 85% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $86K, a strong 99% operating margin.

Mission

PROVIDE SUPPORT FOR KOREAN IMMIGRANTS

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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 (2022)

Revenue Breakdown

Contributions & Grants $86,953
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $86,953

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $800
TOTAL EXPENSES $800

Year-over-Year Comparison

2022 2021 Change
Revenue $86,953 $580,575 -0.9%
Expenses $800 $800 N/A
Net Income $86,153 $579,775 -0.9%
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

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Governance

Voting Members
3
Independent Members
3
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
3
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PYUNG J KIM PRESIDENT N/A
Officer
$0 $0 $0
DAN PAK SECRETARY N/A
Officer
$0 $0 $0
SANG KIM OFFICER 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
2022 $86,953 $800 $3,351,757 $86,153
2021 $580,575 $800 $3,244,133 $579,775
2020 $229,242 No data $2,329,461 No data
2019 $320,396 $15,000 $2,100,219 $305,396
2018 $349,550 $10,000 $1,774,757 $339,550
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