Las Vegas, NV
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)Wongu University of Oriental Medicine, founded in 2013, is a community nonprofit in the Education sector that reported $1.1M in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year. Expenses of $1.4M exceeded revenue, resulting in a 25% operating deficit.
The Mission of Wongu University of Oriental Medicine is to educate and train students to become skilled and compassionate practitioners of Oriental Medicine.
ACHIEVEMENTS IN THE PAST FISCAL YEAR July 1, 2024-June 30, 2025 Accreditation & Program RecognitionContinued ACAHM Accreditation: Wongu University received continued accreditation from the...
ACHIEVEMENTS IN THE PAST FISCAL YEAR July 1, 2024-June 30, 2025 Accreditation & Program RecognitionContinued ACAHM Accreditation: Wongu University received continued accreditation from the Accreditation Commission for Acupuncture and Herbal Medicine (ACAHM) on August 14, 2024, extending accreditation for seven years through 2031.California Acupuncture Board Approval: On May 5, 2025, the renamed and updated Master of Science in Acupuncture and Herbal Medicine (MSAHM) program was approved by the California Acupuncture Board, expanding graduates' eligibility for licensure in California.SARA Participation: Wongu University of Oriental Medicine began participation in the State Authorization Reciprocity Agreement (SARA) in January 2025, enabling the interstate delivery of distance education under nationally recognized standards.Nevada Commission on Postsecondary Education (CPE): On September 10, 2024, the CPE approved the University's application to offer Distance and Ground Education. On March 30, 2025, the CPE renewed the University's institutional license for an additional two-year period, covering December 1, 2024 through November 30, 2026. On March 31, 2025, the CPE approved the program name change to Master of Science in Acupuncture and Herbal Medicine (MSAHM). Community Engagement and Outreach ActivitiesWongu Peace and Happiness Expo (August 25, 2024): Hosted a community wellness event featuring workshops and free community acupuncture.Sao Tome and Prncipe Medical Mission (South Africa) (August 11-16, 2024): Provided free acupuncture and herbal treatments as part of an international medical outreach initiative.City of Las Vegas Wellness Fair (October 22-23, 2024): Offered free wellness services and health education.HOPI Indian Reservation Outreach (November 20, 2024): Delivered free acupuncture and herbal treatments to the community in Arizona.City of Las Vegas Wellness Fair (December 18, 2024): Provided free wellness services and education.Sacred Women's Circle (March 17, 2025): Offered free wellness services and educational programming.City of Las Vegas Wellness Fair (April 22-23, 2025): Continued community outreach through free wellness services and education.Sun City Anthem - Chinese Heritage Club (June 1, 2025): Delivered free wellness services and educational outreach. Student ScholarshipsF. Mangione received a scholarship from Best Chinese Medicine on July 16, 2024.C. Hilman received a scholarship from Best Chinese Medicine on July 16, 2024. Admitted and Graduated StudentsFrom Summer 2024 to Spring 2025, Wongu accepted 14 new MSAHM degree-seeking students and graduated 2 students.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $1,124,612 | $1,191,001 | -0.1% |
| Expenses | $1,404,474 | $1,508,870 | -0.1% |
| Net Income | $-279,862 | $-317,869 | -0.1% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
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Liquidity & Cash Position
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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| DrSang Kyun Kim | Chairman | 2.00 |
Director
|
$0 | $0 | $0 |
| Dr Sang Hyun Lee | Director and President | 40.00 |
Officer
Director
|
$94,940 | $0 | $94,940 |
| Samia Burton MD | Director | 2.00 |
Director
|
$0 | $0 | $0 |
| Dr Ki Hoon Kim | Director | 2.00 |
Director
|
$0 | $0 | $0 |
| Hyung Jung Kwon | Director | 2.00 |
Director
|
$0 | $0 | $0 |
| Katherine Duncan | Director & Secretary/Treas | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $1,124,612 | $1,404,474 | $1,672,488 | $-279,862 |
| 2024 | $1,191,001 | $1,508,870 | $1,971,788 | $-317,869 |
| 2023 | $1,079,659 | $1,445,466 | $2,287,865 | $-365,807 |
| 2022 | $1,890,172 | $1,341,025 | $2,644,242 | $549,147 |
| 2021 | $1,327,970 | $1,282,228 | $2,084,948 | $45,742 |
| 2020 | $2,058,175 | $1,211,094 | $2,220,636 | $847,081 |
| 2019 | $949,260 | $1,191,886 | $1,196,927 | $-242,626 |
| 2018 | $790,272 | $1,292,441 | $1,438,160 | $-502,169 |
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