GFOUNDATION (EIN 371996506) - 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

2021

Legal Domicile

Principal Officer

EUNHYE JEONG

Phone

2015784188

Tax Period

2023-01-01 to 2023-12-31

GFOUNDATION, founded in 2021, is a small nonprofit in the Human Services sector that reported $245K in total revenue in fiscal year 2023. Revenue surged 452% from the prior year, signaling strong growth momentum. The organization ran a surplus of $38K, a strong 15% operating margin.

Mission

GFOUNDATION REACHES OUT TO NEIGHBORS WHO ARE VULNERABLE AND OVERLOOKED WITH A VISION TO CREATE A WORLD WHERE THERE IS NO DISTICTION BETWEEN THOSE WHO GIVE AND THOSE WHO RECEIVE HELP.

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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 $244,901

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $244,901

Expense Breakdown

Grants Paid $52,250

Salaries & Benefits $56,511

Fundraising Expenses $4,914

Program Expenses $160,350

Other Expenses $98,409

TOTAL EXPENSES $207,170

Year-over-Year Comparison

	2023	2022	Change
Revenue	$244,901	$44,361	+4.5%
Expenses	$207,170	$11,451	+17.1%
Net Income	$37,731	$32,910	+0.1%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SOJIN BAE	DIRECTOR	1.00	Officer Director	$0	$0	$0
CHUNGKWAN PARK	DIRECTOR	1.00	Officer Director	$0	$0	$0
SOOIL PARK	DIRECTOR	1.00	Director	$0	$0	$0
DAVID SHIN	DIRECTOR	1.00	Officer Director	$0	$0	$0
EUNHYE JEONG	PRESIDENT	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
2024	No data	No data	No data	No data
2023	$244,901	$207,170	$194,128	$37,731

GFOUNDATION