KOREAN CULTURAL SOCIETY OF BOSTONINC (EIN 455597792) - 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

2012

Legal Domicile

Phone

7813675993

Tax Period

2022-01-01 to 2022-12-31

KOREAN CULTURAL SOCIETY OF BOSTONINC, founded in 2012, is a small nonprofit in the Education sector that reported $105K in total revenue in fiscal year 2022. Revenue surged 155% from the prior year, signaling strong growth momentum. The organization ran a surplus of $22K, a strong 21% operating margin.

Mission

The mission of Korean Cultural Society of Boston is to introduce and promote Korean arts and cultural forms to a broad spectrum of New England audiences, and to promote and support professional Korean-American literary, visual and musical artists.

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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 (2022)

Revenue Breakdown

Contributions & Grants $95,537

Program Service Revenue $9,916

Investment Income $0

Other Revenue $0

TOTAL REVENUE $105,453

Expense Breakdown

Grants Paid $16,875

Salaries & Benefits $0

Fundraising Expenses $3,477

Program Expenses $73,142

Other Expenses $66,653

TOTAL EXPENSES $83,528

Year-over-Year Comparison

	2022	2021	Change
Revenue	$105,453	$41,406	+1.5%
Expenses	$83,528	$28,727	+1.9%
Net Income	$21,925	$12,679	+0.7%

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
Byung Kim	President	10.00	Officer Director	$0	$0	$0
Daniel Keleher	Treasurer	5.00	Officer	$0	$0	$0
Mooje Sung	General Secretary	5.00	Officer	$0	$0	$0
Jhung W Jhung	Chair of General Board	5.00	Director	$0	$0	$0
Yoo-Kyung Kim	Coordinator	10.00	Director	$0	$0	$0
Jaeok Lee	Chair of Arts Committee	10.00	Director	$0	$0	$0
Yoo Sun Na	Chair of Music Committee	10.00	Director	$0	$0	$0
Liat Shapiro	Program Director	10.00	Director	$0	$0	$0
AD Herzel	Development Director	5.00	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
2022	$105,453	$83,528	$163,620	$21,925

KOREAN CULTURAL SOCIETY OF BOSTONINC