KOREA TOWN OAKLAND

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

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

Program Service Accomplishments

Program 1

Expenses: $732,680

PROWSO:PROWSO stands for public right of way and sidewalk operations. As part of the function of organization we are to assist the Municipal Corporation and Oakland to ease the burden and city...

PROWSO:PROWSO stands for public right of way and sidewalk operations. As part of the function of organization we are to assist the Municipal Corporation and Oakland to ease the burden and city services.We lessen the burden by providing sidewalk sweeping services, painting out graffiti, provide directions to visitors in the area, providing supplemental security services to assist the Oakland Police Department in maintaining area in the community.

Program 2

Expenses: $300,199

OAKLAND FIRST FRIDAY:Oakland First Fridays is an immersive art and community experience on the first Friday of each month on Telegraph Avenue from West Grand to 27th street. Every First Friday from 5-9:30pm, Oakland's KONO district springs to life with for this event, with galleries, artist celletives, street artists, local culinary artisans, performers, musicians, dancers, DJ's, and poets gathering for Oakland First Friday events.

Program 3

Expenses: $19,950

MARKETING/IDENTITIY ENHANCEMENT:Part of the function of our corporation is to build brand identity for the variety of businesses and residents of the area.The Koreatown Northgate district is a...

MARKETING/IDENTITIY ENHANCEMENT:Part of the function of our corporation is to build brand identity for the variety of businesses and residents of the area.The Koreatown Northgate district is a traditional mixed use neighborhood that combines residential, institutional plus a wide variety of ethnic retail land uses.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

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

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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