KING SEJONG INSTITUTE CENTER USA (EIN 384049010) - 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

2017

Legal Domicile

Principal Officer

HYUNG MI AN

Phone

3234243235

Tax Period

2023-01-01 to 2023-12-31

KING SEJONG INSTITUTE CENTER USA, founded in 2017, is a small nonprofit in the Arts, Culture & Humanities sector that reported $285K in total revenue in fiscal year 2023. Revenue grew 19% year-over-year, indicating healthy expansion. Expenses of $330K exceeded revenue, resulting in a 16% operating deficit.

Mission

KING SEJONG INSTITUE CENTER, U.S.A. IS AN EDUCATIONAL ORGANIZATION CREATED TO PROMOTE KOREAN LANGUAGE AND CULTURE IN THE UNITED STATES.

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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 $242,494

Program Service Revenue $42,753

Investment Income $0

Other Revenue $0

TOTAL REVENUE $285,247

Expense Breakdown

Grants Paid $0

Salaries & Benefits $171,213

Fundraising Expenses $0

Program Expenses $222,309

Other Expenses $158,875

TOTAL EXPENSES $330,088

Year-over-Year Comparison

	2023	2022	Change
Revenue	$285,247	$240,690	+0.2%
Expenses	$330,088	$333,401	0.0%
Net Income	$-44,841	$-92,711	-0.5%

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

N/A

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

$38,004

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HYUNG MI AN	CFO	40.00	Officer	$38,004	$0	$38,004
CHOONGSIK PARK	CEO	5.00	Officer 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
2024	No data	No data	No data	No data
2023	$285,247	$330,088	$218,667	$-44,841
2022	$240,690	$333,401	$265,885	$-92,711
2021	$279,862	$262,312	$358,582	$17,550
2020	$615,091	$299,359	$341,877	$315,732
2019	$372,094	$346,414	$23,889	$25,680
2018	$206,547	$197,223	$9,324	$9,324

KING SEJONG INSTITUTE CENTER USA