KWON'S FOUNDATION INC (EIN 461570174) - 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

JOONG GAB KWON

Phone

2015677780

Tax Period

2024-01-01 to 2024-12-31

KWON'S FOUNDATION INC, founded in 2012, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $795K in total revenue in fiscal year 2024. Revenue surged 187% from the prior year, signaling strong growth momentum. The organization ran a surplus of $646K, a strong 81% operating margin.

Mission

MAKING DISTRIBUTIONS TO QUALIFIED EXEMPT ORGANIZATIONS, SUPPORT OF COMMUNITY SENIOR CITIZENS AND DISABLED PEOPLE, AND AWARD OF SCHOLARSHIPS TO STUDENTS.

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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 $647,000

Program Service Revenue $0

Investment Income $147,610

Other Revenue $0

TOTAL REVENUE $794,610

Expense Breakdown

Grants Paid $144,876

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $144,876

Other Expenses $3,341

TOTAL EXPENSES $148,217

Year-over-Year Comparison

	2024	2023	Change
Revenue	$794,610	$277,062	+1.9%
Expenses	$148,217	$104,795	+0.4%
Net Income	$646,393	$172,267	+2.8%

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
DO JUN HWANG	TRUSTEE MEMB	1.00	Director	$0	$0	$0
JOONG GAB KWON	PRESIDENT	1.00	Officer Director	$0	$0	$0
KONNIE NAM	TRUSTEE MEMB	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
2024	$794,610	$148,217	$1,923,356	$646,393
2023	$277,062	$104,795	$1,276,963	$172,267
2022	$448,000	$45,172	$1,104,696	$402,828
2021	$30,005	$48,947	$701,868	$-18,942
2020	$200,005	$53,657	$720,810	$146,348
2019	No data	$135,993	$574,462	No data
2018	No data	$14,619	$710,455	No data

KWON'S FOUNDATION INC