BUSAN TRADE OFFICE LA INC

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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

2013

Legal Domicile

Principal Officer

EUNYOUNG JU

Tax Period

2024-01-01 to 2024-12-31

BUSAN TRADE OFFICE LA INC, founded in 2013, is a small nonprofit in the Unknown sector that reported $321K in total revenue in fiscal year 2024. Expenses of $281K left a modest 13% surplus.

Mission

PROMOTE TRADES BETWEEN CITY OF BUSAN AND USA BY FREE CONSULTING LEGAL AND BUSINESS AFFAIRS

Program Service Accomplishments

Program 1

Expenses: $281,278 Revenue: $321,479

PROMOTION OF CONSULTING AND PROVIDING FREE INFORMATION TO USA AND CITY OF BUSAN SOUTH KOREA

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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 $321,479

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $321,479

Expense Breakdown

Grants Paid $0

Salaries & Benefits $104,520

Fundraising Expenses $0

Program Expenses $281,278

Other Expenses $176,758

TOTAL EXPENSES $281,278

Year-over-Year Comparison

	2024	2023	Change
Revenue	$321,479	$309,689	+0.0%
Expenses	$281,278	$309,668	-0.1%
Net Income	$40,201	$21	+1913.3%

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

Governance

Voting Members

Independent Members

Employees

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
EUNYOUNG JU	CEO	30.00	Officer	$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	$321,479	$281,278	$80,030	$40,201
2023	$309,689	$309,668	$89,689	$21
2022	$291,548	$291,548	$74,711	No data
2021	$253,371	$253,371	$39,808	No data
2020	$241,106	$241,106	$41,091	No data
2019	$345,000	$343,754	$51,893	$1,246
2018	$361,185	$355,468	$50,647	$5,717