INTERNATIONAL SCHOOL OF BUSAN INC

EIN: 453089426 501(c)(3) Education

NEWTON, MA

Total Revenue
$37,060
Total Expenses
$56,013
Total Assets
$1,852,784
Net Assets
$1,851,162
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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
2010
Legal Domicile
DE
Principal Officer
PAUL EDWARDS
Phone
6176306900
Tax Period
2024-07-01 to 2025-06-30

INTERNATIONAL SCHOOL OF BUSAN INC, founded in 2010, is a micro nonprofit in the Education sector that reported $37K in total revenue in fiscal year 2024. Revenue fell 38% from the prior year — a significant decline worth monitoring. Expenses of $56K exceeded revenue, resulting in a 51% operating deficit.

Mission

TO DEVELOP INQUIRING, RESPECTFUL AND KNOWLEDGEABLE INDIVIDUALS THROUGH A GLOBALLY RECOGNIZED INTERNATIONAL PROGRAM THAT ENCOURAGES ALL STUDENTS TO ACHIEVE THEIR INTELLECTUAL AND PERSONAL POTENTIAL.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $37,060
Other Revenue $0
TOTAL REVENUE $37,060

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $56,013
TOTAL EXPENSES $56,013

Year-over-Year Comparison

2024 2023 Change
Revenue $37,060 $59,597 -0.4%
Expenses $56,013 $2,930 +18.1%
Net Income $-18,953 $56,667 -1.3%
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

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Governance

Voting Members
10
Independent Members
10
Employees
N/A
Volunteers
10

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
3
$0
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PAUL EDWARDS CHAIRPERSON 5.00
Officer Director
$0 $0 $0
EMMA GRANN TREASURER 5.00
Officer Director
$0 $0 $0
NOLAN BARKHOUSE SECRETARY 5.00
Officer Director
$0 $0 $0
STEVE MAUCERI DIRECTOR 1.00
Director
$0 $0 $0
ROD RUOFF DIRECTOR 1.00
Director
$0 $0 $0
MAGGIE SUN DIRECTOR 1.00
Director
$0 $0 $0
ELISABETH DEVELAY DIRECTOR 1.00
Director
$0 $0 $0
JEFF HARRISON DIRECTOR 1.00
Director
$0 $0 $0
JEFF LIEBSCH DIRECTOR 1.00
Director
$0 $0 $0
MIKYUNG SHIN DIRECTOR 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
2025 $37,060 $56,013 $1,852,784 $-18,953
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