AUSTIN KOREAN SCHOOL INC (EIN 320464842) - 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

2015

Legal Domicile

Principal Officer

CHUNGEUN PARK

Phone

5126738508

Tax Period

2023-01-01 to 2023-12-31

AUSTIN KOREAN SCHOOL INC, founded in 2015, is a small nonprofit in the Education sector that reported $239K in total revenue in fiscal year 2023. Revenue surged 25% from the prior year, signaling strong growth momentum. The organization ran a surplus of $58K, a strong 24% operating margin.

Mission

EDUCATING KOREAN LANGUAGE, HISTORY AND CULTURE

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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 $69,000

Program Service Revenue $158,944

Investment Income $935

Other Revenue $9,916

TOTAL REVENUE $238,795

Expense Breakdown

Grants Paid $0

Salaries & Benefits $97,519

Fundraising Expenses $0

Program Expenses $176,541

Other Expenses $83,491

TOTAL EXPENSES $181,010

Year-over-Year Comparison

	2023	2022	Change
Revenue	$238,795	$190,491	+0.3%
Expenses	$181,010	$163,451	+0.1%
Net Income	$57,785	$27,040	+1.1%

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

$6,230

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHUNG EUN PARK	PRINCIPAL	15.00	Officer	$2,550	$0	$2,550
MI SEON HONG	SECRETARY	15.00	Officer	$3,680	$0	$3,680
SOOAH CHANG	DIRECTOR	3.00	Director	$0	$0	$0
ELLIE KIM	DIRECTOR	3.00	Director	$0	$0	$0
HYUN JUNG YUN	DIRECTOR	3.00	Director	$0	$0	$0
MINA KIM	DIRECTOR	3.00	Director	$0	$0	$0
YEWON KIM	DIRECTOR	3.00	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$238,795	$181,010	$238,863	$57,785

AUSTIN KOREAN SCHOOL INC