KOREA TOWN OAKLAND (EIN 412260418) - 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

2007

Legal Domicile

Phone

5103435439

Tax Period

2023-01-01 to 2023-12-31

KOREA TOWN OAKLAND, founded in 2007, is a community nonprofit in the Community Improvement sector that reported $1.0M in total revenue in fiscal year 2023. Revenue decreased 6% compared to the prior year. Expenses of $1.2M exceeded revenue, resulting in a 15% operating deficit.

Mission

Provide maintenance, security and physical improvement to the business district. Provide marketing services and materials to promote Korea Town Oakland community through special events

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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 $28,778

Program Service Revenue $660,823

Investment Income $0

Other Revenue $312,264

TOTAL REVENUE $1,001,865

Expense Breakdown

Grants Paid $0

Salaries & Benefits $422,564

Fundraising Expenses $0

Program Expenses $1,052,829

Other Expenses $732,254

TOTAL EXPENSES $1,154,818

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,001,865	$1,070,169	-0.1%
Expenses	$1,154,818	$1,075,468	+0.1%
Net Income	$-152,953	$-5,299	+27.9%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Alan Wilk	President	2.00	Director	$0	$0	$0
H Joseph Jung	President	2.00	Director	$0	$0	$0
Sonja Brooks	Vice President	0.00	Director	$0	$0	$0
Michael Thaler	Treasurer	1.00	Director	$0	$0	$0
Ryan Thomas	Board Member	0.00	Director	$0	$0	$0
Mindy Landmark	Board Member	1.00	Director	$0	$0	$0
Curt Haven	Board Member	1.00	Director	$0	$0	$0
Nick Myerhoff	Secretary	2.00	Director	$0	$0	$0
Keun Bae Yoo	Board Member	1.00	Director	$0	$0	$0
Shakira Scott	Board Member	1.00	Director	$0	$0	$0
Nia Jones	Board Member	1.00	Director	$0	$0	$0
Toni Blackstone	Board Member	1.00	Director	$0	$0	$0
Alex Hahn	Board Member	1.00	Director	$0	$0	$0
Gidget Pugh	Board Member	1.00	Director	$0	$0	$0
Bo Hye Kyung Allen	Board Member	1.00	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	$1,001,865	$1,154,818	$445,300	$-152,953
2022	$1,070,169	$1,075,468	$620,323	$-5,299
2021	$825,896	$690,797	$618,874	$135,099
2020	$825,817	$646,683	$480,446	$179,134
2019	$831,275	$737,076	$296,240	$94,199
2018	$813,752	$633,888	$205,053	$179,864

KOREA TOWN OAKLAND