KOREAN CULTURAL CENTER OF DALLAS (EIN 463309784) - 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

JUNG W LEE

Phone

9722414524

Tax Period

2023-01-01 to 2023-12-31

KOREAN CULTURAL CENTER OF DALLAS, founded in 2013, is a small nonprofit in the Arts, Culture & Humanities sector that reported $172K in total revenue in fiscal year 2023. Revenue fell 30% from the prior year — a significant decline worth monitoring. Expenses of $159K left a modest 8% surplus.

Mission

THE MISSION OF KOREAN COMMUNITY CENTER OF DALLAS WILL BE TO BUILD AND MAINTAIN A KOREAN COMMUNITY CENTER TO PROMOTE KOREAN CULTURE, HISTORY, LANGUAGE AND COMMUNITY ACTIVITIES.

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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 $91,300

Program Service Revenue $0

Investment Income $2,320

Other Revenue $78,845

TOTAL REVENUE $172,465

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $133,692

Other Expenses $158,632

TOTAL EXPENSES $158,632

Year-over-Year Comparison

	2023	2022	Change
Revenue	$172,465	$245,649	-0.3%
Expenses	$158,632	$143,995	+0.1%
Net Income	$13,833	$101,654	-0.9%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN CHONG	MANAGER	N/A	Officer Director	$0	$0	$0
DAVID KANG	SECRETARY	N/A	Officer Director	$0	$0	$0
YOUNG BOK KIM	BOARD CHAIR	N/A	Director	$0	$0	$0
JUNG W LEE	MANAGER	N/A	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
2024	No data	No data	No data	No data
2023	$172,465	$158,632	$1,672,014	$13,833
2022	$245,649	$143,995	$1,696,349	$101,654
2022	$164,897	$143,995	$1,615,597	$20,902
2021	$133,480	$191,844	$1,619,556	$-58,364
2020	$150,382	$181,966	$1,699,297	$-31,584
2018	$169,194	$179,862	$1,649,557	$-10,668

KOREAN CULTURAL CENTER OF DALLAS