Korean Adoptees Ministry Center (EIN 450544404) - Form 990 Financial Analysis & Trantor Score

🔒

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

2006

Legal Domicile

Phone

6513240208

Tax Period

2024-01-01 to 2024-12-31

Korean Adoptees Ministry Center, founded in 2006, is a small nonprofit in the Human Services sector that reported $295K in total revenue in fiscal year 2024. Revenue surged 156% from the prior year, signaling strong growth momentum. Expenses of $281K left a modest 5% surplus.

Mission

Providing spiritual journey guided experience in Korea to Korean-Americans adoptees, including home stays with Korean families.

🔒

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 (2024)

Revenue Breakdown

Contributions & Grants $294,668

Program Service Revenue $0

Investment Income $136

Other Revenue $0

TOTAL REVENUE $294,804

Expense Breakdown

Grants Paid $0

Salaries & Benefits $201,618

Fundraising Expenses $8,945

Program Expenses $217,969

Other Expenses $79,135

TOTAL EXPENSES $280,753

Year-over-Year Comparison

	2024	2023	Change
Revenue	$294,804	$115,160	+1.6%
Expenses	$280,753	$110,203	+1.5%
Net Income	$14,051	$4,957	+1.8%

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

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

$23,057

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Rev Sung Chul Park	Executive Director	40.00	Key Emp	$23,057	$0	$23,057
Lia Rieke	President	5.00	Officer	$0	$0	$0
Nicole Sheppard	Treasurer	5.00	Officer	$0	$0	$0
Janeice Garrard	Secretary	5.00	Officer	$0	$0	$0
Eun K Suh	Director	5.00	Officer	$0	$0	$0
Margaret I OBrien	Director	5.00	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	$294,804	$280,753	$88,164	$14,051
2023	$115,157	$110,203	$99,714	$4,954

Korean Adoptees Ministry Center