KOREAN CULTURE CENTER OF AUSTIN INC (EIN 462663855) - 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

2013

Legal Domicile

Phone

5129176141

Tax Period

2023-01-01 to 2023-12-31

KOREAN CULTURE CENTER OF AUSTIN INC, founded in 2013, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $44K in total revenue in fiscal year 2023. Revenue surged 92% from the prior year, signaling strong growth momentum. Expenses of $52K exceeded revenue, resulting in a 18% operating deficit.

Mission

Promoting social, cultural, educational and financial cooperation and understanding within the Korean-American community and with other communitites in the Greater Austin.

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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 $29,518

Program Service Revenue $14,700

Investment Income $0

Other Revenue $0

TOTAL REVENUE $44,218

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $50,567

Other Expenses $52,209

TOTAL EXPENSES $52,209

Year-over-Year Comparison

	2023	2022	Change
Revenue	$44,218	$23,060	+0.9%
Expenses	$52,209	$34,521	+0.5%
Net Income	$-7,991	$-11,461	-0.3%

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

N/A

Volunteers

200

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
FRED SHIN	PRESIDENT	10.00	Officer Director	$0	$0	$0
CHUN JA KANG	SECRETARY	40.00	Officer Director	$0	$0	$0
JAE JIN YANG	DIRECTOR	2.00	Officer Director	$0	$0	$0
YOUNG KYOON SHIN	DIRECTOR	2.00	Director	$0	$0	$0
GI JUN KIM	DIRECTOR	2.00	Director	$0	$0	$0
STEPHAN C KWAK	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	$44,218	$52,209	$493,274	$-7,991
2022	$23,060	$34,521	$506,687	$-11,461
2021	$24,010	$36,873	$523,357	$-12,863
2020	$19,121	$40,958	$541,325	$-21,837
2019	$28,579	$36,123	$567,962	$-7,544
2018	$25,308	$37,647	No data	$-12,339

KOREAN CULTURE CENTER OF AUSTIN INC