KOSONG FOUNDAITON INC (EIN 461309299) - 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

Principal Officer

SO SUK KO

Phone

8089470770

Tax Period

2023-01-01 to 2023-12-31

KOSONG FOUNDAITON INC, founded in 2012, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $20K in total revenue in fiscal year 2023. Revenue fell 89% from the prior year — a significant decline worth monitoring. Expenses of $60K exceeded revenue, resulting in a 204% operating deficit.

Mission

The foundation is organized to operate exclusively for charitable, scietific, literary or educational purpose, within the meaning of section 501(c)(3) of

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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 (2023)

Revenue Breakdown

Contributions & Grants $19,562

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $19,562

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $48,915

Other Expenses $59,509

TOTAL EXPENSES $59,509

Year-over-Year Comparison

	2023	2022	Change
Revenue	$19,562	$173,561	-0.9%
Expenses	$59,509	$152,496	-0.6%
Net Income	$-39,947	$21,065	-2.9%

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
SO SUK KO	PRESIDENT/DIRECTOR	2.00	Officer Director	$0	$0	$0
GEORGE WOOLARD	VICE-PRESIDENT/DIRECTOR	2.00	Officer Director	$0	$0	$0
DIANE KIM	SECRETARY/DIRECTOR	2.00	Officer Director	$0	$0	$0
MINNIE KO	TREASURER/DIRECTOR	2.00	Officer Director	$0	$0	$0
SAM HO	DIRECTOR	2.00	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
2023	$19,562	$59,509	$7,530	$-39,947
2022	$173,561	$152,496	$45,279	$21,065

KOSONG FOUNDAITON INC