SARANG KOREAN SCHOOL

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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

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

Program Service Accomplishments

Program 1

Expenses: $270,071 Revenue: $202,850

TO SHARE JESUS GOSPEL THROUGH TEACHING FOREIGH 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%)

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

Governance

Voting Members

Independent Members

N/A

Employees

Volunteers

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
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