FRIENDS OF SEOUL FOREIGN SCHOOL INC (EIN 420982442) - 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

1970

Legal Domicile

Principal Officer

HARLAN LYSO

Phone

5093886603

Tax Period

2024-07-01 to 2025-06-30

FRIENDS OF SEOUL FOREIGN SCHOOL INC, founded in 1970, is a small nonprofit in the International Affairs sector that reported $378K in total revenue in fiscal year 2024. Revenue surged 33% from the prior year, signaling strong growth momentum. Expenses of $341K left a modest 10% surplus.

Mission

ASSISTANCE TO SEOUL FORIEGN SCHOOL

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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 (2024)

Revenue Breakdown

Contributions & Grants $85,855

Program Service Revenue $0

Investment Income $291,956

Other Revenue $0

TOTAL REVENUE $377,811

Expense Breakdown

Grants Paid $301,706

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $301,706

Other Expenses $39,733

TOTAL EXPENSES $341,439

Year-over-Year Comparison

	2024	2023	Change
Revenue	$377,811	$284,726	+0.3%
Expenses	$341,439	$226,880	+0.5%
Net Income	$36,372	$57,846	-0.4%

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

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
PETER DOROW	PRESIDENT	1.00	Officer Director	$0	$0	$0
ABBY FITTS	SECRETARY	1.00	Officer Director	$0	$0	$0
DEBBIE GIM	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
JOHN LEE	MEMBER	1.00	Director	$0	$0	$0
HARLAN LYSO	TREASURER	2.00	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
2025	$377,811	$341,439	$4,662,912	$36,372
2024	$284,726	$226,880	$4,381,089	$57,846
2023	$175,275	$196,098	$4,056,511	$-20,823
2022	$183,161	$118,402	$3,821,598	$64,759
2021	$354,811	$296,531	$4,503,345	$58,280
2020	$225,883	$67,820	$3,832,267	$158,063
2019	$221,165	$147,706	$3,669,089	$73,459
2018	$190,750	$204,442	$3,462,502	$-13,692

FRIENDS OF SEOUL FOREIGN SCHOOL INC