CHOONG SHIK CHOI MEMORIAL FUND

EIN: 330992377 501(c)(3) Crime & Legal

GARDEN GROVE, CA

Total Revenue
$68,998
Total Expenses
$4,050
Total Assets
$1,938,327
Net Assets
$1,426,127
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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
2001
Legal Domicile
CA
Phone
7146210007
Tax Period
2024-01-01 to 2024-12-31

CHOONG SHIK CHOI MEMORIAL FUND, founded in 2001, is a micro nonprofit in the Crime & Legal sector that reported $69K in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. The organization ran a surplus of $65K, a strong 94% operating margin.

Mission

EDUCATION

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $68,998
Other Revenue $0
TOTAL REVENUE $68,998

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $4,050
TOTAL EXPENSES $4,050

Year-over-Year Comparison

2024 2023 Change
Revenue $68,998 $63,267 +0.1%
Expenses $4,050 $1,050 +2.9%
Net Income $64,948 $62,217 +0.0%
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

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Governance

Voting Members
4
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
MARK CHOI CEO 10.00
Officer
$0 $0 $0
KYUNG JEAN CHOI Secretary 10.00
Officer
$0 $0 $0
HYOSUN CHOI CFO 10.00
Officer
$0 $0 $0
NICHOLAS CHOI COO 10.00
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 No data No data No data No data
2024 $68,998 $4,050 $1,938,327 $64,948
2023 $63,267 $1,050 $1,671,179 $62,217
2022 $12,802 $3,900 $1,608,962 $8,902
2021 $5,339 $11,000 $1,400,060 $-5,661
2018 $5,927 $5,100 $1,195,702 $827
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