Wongu University of Oriental Medicine (EIN 462711511) - 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

Principal Officer

Dr John Park

Phone

7024632122

Tax Period

2024-07-01 to 2025-06-30

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.

Mission

To educate and train students to become skilled and compassionate practitioners of Oriental Medicine.

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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 $200,000

Program Service Revenue $911,596

Investment Income $41

Other Revenue $12,975

TOTAL REVENUE $1,124,612

Expense Breakdown

Grants Paid $600

Salaries & Benefits $953,561

Fundraising Expenses $0

Program Expenses $1,106,376

Other Expenses $450,313

TOTAL EXPENSES $1,404,474

Year-over-Year Comparison

	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%

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

$94,940

Total Directors

$94,940

Key Employees

Highest Compensated

reported

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

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
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

Wongu University of Oriental Medicine