SEJONG SCHOLARSHIP FOUNDATION OF A… - Form 990 Financial Data

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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

1998

Legal Domicile

Principal Officer

JOHN HWANG

Phone

4436917038

Tax Period

2023-01-01 to 2023-12-31

SEJONG SCHOLARSHIP FOUNDATION OF AMERICA INC, founded in 1998, is a micro nonprofit in the Education sector that reported $60K in total revenue in fiscal year 2023. Revenue decreased 15% compared to the prior year. Expenses of $57K left a modest 5% surplus.

Mission

GRANTING SCHOLARSHIP AWARDS TO HIGHLY QUALIFIED AND FINANCIALLY NEEDY STUDENTS

Program Service Accomplishments

Program 1

Expenses: $31,072

WE HELD AN ANNUAL SCHOLARSHIP AWARD CEREMONY AND AWARDED SCHOLARSHIPS TO QUALIFIED 30 COLLEGE AND HIGH SCHOOL STUDENTS ACROSS THE COUNTRY DUE TO THEIR ACADEMIC EXCELLENCE AND LEADERSHIP SKILLS.

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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 $53,600

Program Service Revenue $0

Investment Income $6,576

Other Revenue $0

TOTAL REVENUE $60,176

Expense Breakdown

Grants Paid $29,000

Salaries & Benefits $0

Fundraising Expenses $15,559

Program Expenses $31,072

Other Expenses $27,914

TOTAL EXPENSES $56,914

Year-over-Year Comparison

	2023	2022	Change
Revenue	$60,176	$70,649	-0.1%
Expenses	$56,914	$75,741	-0.2%
Net Income	$3,262	$-5,092	-1.6%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HYE JA CHANG	DIRECTOR	N/A	Director	$0	$0	$0
JOHN HWANG	PRESIDENT	N/A	Director	$0	$0	$0
HYUNG JUN KIM	DIRECTOR	N/A	Director	$0	$0	$0
GI HYUNG RYU	DIRECTOR	N/A	Director	$0	$0	$0
SEOKWOO JANG	VICE PRESIDE	N/A	Officer	$0	$0	$0
CLARA JONG	TREASURER	N/A	Officer	$0	$0	$0
YONG IK JONG	VICE PRESIDE	N/A	Officer	$0	$0	$0
ALBERT KIM	DIRECTOR	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	$60,176	$56,914	$190,086	$3,262
2022	$70,649	$75,741	$186,824	$-5,092
2021	$61,247	$51,219	$191,916	$10,028
2019	$54,959	$55,523	$170,793	$-564
2018	$49,013	$57,344	$169,657	$-8,331

SEJONG SCHOLARSHIP FOUNDATION OF AMERICA INC