SARANG KOREAN SCHOOL

EIN: 463074333 501(c)(3) Education

ANAHEIM, CA

Total Revenue
$251,250
Total Expenses
$270,071
Total Assets
$91,657
Net Assets
$87,337
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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
CA
Principal Officer
PAUL M LEE
Phone
7146351000
Tax Period
2023-01-01 to 2023-12-31

SARANG KOREAN SCHOOL, founded in 2013, is a small nonprofit in the Education sector that reported $251K in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion.

Mission

TO SHARE JUSUS GOSPEL THROUGH TEACHING FOREIGN LANGUAGE, CULTURE AND HISTORY TO MINOR

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $251,250
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $251,250

Expense Breakdown

Grants Paid $0
Salaries & Benefits $173,716
Fundraising Expenses $0
Program Expenses $270,071
Other Expenses $96,355
TOTAL EXPENSES $270,071

Year-over-Year Comparison

2023 2022 Change
Revenue $251,250 $225,006 +0.1%
Expenses $270,071 $233,018 +0.2%
Net Income $-18,821 $-8,012 +1.3%
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

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Governance

Voting Members
3
Independent Members
N/A
Employees
35
Volunteers
10

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
2
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KYU HO LIM 10.00
Officer
$0 $0 $0
SACKILL CHOI 10.00
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 No data No data No data No data
2023 $251,250 $270,071 $91,657 $-18,821
2022 $225,006 $233,018 $114,795 $-8,012
2021 $157,760 $148,888 $116,414 $8,872
2020 $89,040 $120,087 $107,542 $-31,047
2019 $267,699 $289,382 $138,630 $-21,683
2018 $266,332 $240,605 $160,650 $25,727
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