TURBO CHARITABLE FOUNDATION (EIN 452678881) - 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

2011

Legal Domicile

Principal Officer

YOUNG S KIM

Phone

3105417652

Tax Period

2024-01-01 to 2024-12-31

TURBO CHARITABLE FOUNDATION, founded in 2011, is a small nonprofit in the Education sector that reported $391K in total revenue in fiscal year 2024. The organization ran a surplus of $253K, a strong 65% operating margin.

Mission

TO PROVIDE FINANCIAL AID TO CHILDREN WHO ARE EXPERIENCING ECONOMIC CHALLENGES DURING THEIR ACADEMIC DEVELOPMENT. TO SUPPORT NEW GENERATION AND TO CONTRIBUTE TO THE SOCIETY AND DEVELOPMENT OF LEADERSHIP

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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 $308,700

Program Service Revenue $0

Investment Income $81,919

Other Revenue $0

TOTAL REVENUE $390,619

Expense Breakdown

Grants Paid $116,700

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $116,700

Other Expenses $20,685

TOTAL EXPENSES $137,385

Year-over-Year Comparison

	2024	2023	Change
Revenue	$390,619	$408,327	0.0%
Expenses	$137,385	$160,309	-0.1%
Net Income	$253,234	$248,018	+0.0%

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
JOON HO CHOI	DIRECTOR	N/A	Director	$0	$0	$0
BRIAN S KIM	TREASURER AN	N/A	Officer Director	$0	$0	$0
SHINYONG KIM	SECRETARY AN	N/A	Officer Director	$0	$0	$0
YOUNG S KIM	PRESIDENT AN	N/A	Officer Director	$0	$0	$0
KI JUNE KWON	DIRECTOR	N/A	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	$390,619	$137,385	$2,021,535	$253,234
2023	$408,327	$160,309	$1,768,301	$248,018
2022	$275,922	$107,679	$1,520,283	$168,243
2021	$264,360	$71,801	$1,352,040	$192,559
2020	$166,292	$5,646	$1,159,481	$160,646
2019	$297,617	$60,635	$998,835	$236,982
2018	$247,127	$66,930	$761,853	$180,197

TURBO CHARITABLE FOUNDATION