PALOLO KOREAN CARE HOME INC (EIN 371777604) - 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

2006

Legal Domicile

Principal Officer

DOHYUN GWON

Phone

8089419205

Tax Period

2023-01-01 to 2023-12-31

PALOLO KOREAN CARE HOME INC, founded in 2006, is a small nonprofit in the Human Services sector that reported $725K in total revenue in fiscal year 2023. Revenue surged 75% from the prior year, signaling strong growth momentum. The organization ran a surplus of $418K, a strong 58% operating margin.

Mission

To offer more home-like family setting, food services, and assistance with daily living for seniors.

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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 $724,958

Program Service Revenue $0

Investment Income $2

Other Revenue $0

TOTAL REVENUE $724,960

Expense Breakdown

Grants Paid $0

Salaries & Benefits $197,480

Fundraising Expenses $0

Program Expenses $238,197

Other Expenses $109,810

TOTAL EXPENSES $307,290

Year-over-Year Comparison

	2023	2022	Change
Revenue	$724,960	$414,698	+0.7%
Expenses	$307,290	$429,637	-0.3%
Net Income	$417,670	$-14,939	-29.0%

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

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

$750

Total Directors

$750

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DOHYUN GWON	PRESIDENT, DIRECTOR, TREASURER	2.00	Officer Director	$750	$0	$750
DONALD CHOI	DIRECTOR	2.00	Director	$0	$0	$0
JAEWAN JEON	DIRECTOR	2.00	Director	$0	$0	$0
BOYONG JUNG	DIRECTOR	2.00	Director	$0	$0	$0
JAMO YANG	DIRECTOR	2.00	Director	$0	$0	$0
JUDI KIM	SECRETARY	2.00	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
2024	No data	No data	No data	No data
2023	$724,960	$307,290	$6,711,655	$417,670
2022	$414,698	$429,637	$6,678,867	$-14,939
2021	$225,836	$243,140	$6,664,343	$-17,304
2020	$2,216	$62,285	$7,430,344	$-60,069
2019	$3,840	$47,791	$7,651,927	$-43,951
2018	$2,628	$85,031	$7,754,600	$-82,403

PALOLO KOREAN CARE HOME INC