TAEKWONDO ALLIANCE FOR MISSION FDN

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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

CHIN SONU

Phone

6509381212

Tax Period

2023-01-01 to 2023-12-31

TAEKWONDO ALLIANCE FOR MISSION FDN, founded in 2013, is a small nonprofit in the Recreation & Sports sector that reported $204K in total revenue in fiscal year 2023. Expenses of $291K exceeded revenue, resulting in a 43% operating deficit.

Mission

1)FINANCIALLY SUPPORTED TAEKWONDO AND YOUTH EDUCATIONAL PROJECTS Fundraised and sent financial support to the following organizations:a.JASPER KIDS, THAILANDb.WOMENS NATIONAL TAEKWONDO TEAM, TAJIKISTANc.NATIONAL TAEKWONDO TRAINING CENTER, KYRGISTANd.NATIONAL TAEKWONDO TEAM, MADAGASCARe.SYRIAN REFUGEE TAEWKWONDO, JORDANf.TAEKWONDO MISSION DEVELOPMENT INSTITUTE, SOUTH KOREAg.K-ART STUDIO, INDONESIAh.HOPE MISSION, UNITED KINGDOMi.EDEN SCHOOL, TANZANIAj.WEST AFRICAN NAVIGATOR TAEKWONDO PROJECT, COTE DIVIORE2)DEVELOP THE NEXT GENERATION TAEKWONDO MISSIONARIES Establish TAM Korea to recruit and train young Taekwondo Masters and prepare them for the global Taekwondo mission projectsa.Established TAM Korea, a Korean National Non-profit Corporation3)PROVIDE RESOURCES TO PUBLISH A TAEKWONDO MISISON REFERENCE MANUAL Holistic Taekwondo Mission Wrtten by Pastor Sungil Ahn.4)Establish Bay Area Sparring Team Network Support Missionary Jaesung Lee establish a network of Taekwondo schools for developin

Program Service Accomplishments

Program 1

Expenses: $43,335

1)Established TAM Center in Mountain View - The new headquarters will serve as the local ministry site and the primary center for program development, recruitment, and training.2)FINANCIALLY...

1)Established TAM Center in Mountain View - The new headquarters will serve as the local ministry site and the primary center for program development, recruitment, and training.2)FINANCIALLY SUPPORTED TAEKWONDO AND YOUTH EDUCATIONAL PROJECTS Fundraised and sent financial support to the following organizations.a.JASPER KIDS, THAILANDb.FEDERATION OF CHRISTIAN ATHLETES, ISRAELc.GRACE ACADEMY, NIGERd.NATIONAL TAEKWONDO TEAM, MADAGASCARe.SYRIAN REFUGEE TAEKWONDO, JORDANf.TAEKWONDO MISSION DEVELOPMENT INSTITUTE, SOUTH KOREAg.K-ART STUDIO, INDONESIAh.HOPE MISSION, UNITED KINGDOMi.EDEN SCHOOL, TANZANIAj.WEST AFRICAN NAVIGATOR TAEKWONDO PROJECT, COTE DIVIORE3)DEVELOP THE NEXT GENERATION TAEKWONDO MISSIONARIES Establish TAM Korea to recruit and train young Taekwondo Masters and prepare them for the global Taekwondo mission projectsa.Invited three TAM Korea members to the USA and hosted fundraiser events and seminars.4)Trained short-term Taekwondo mission teams to Brazil and the Philippines.5)Establish Bay Area Sparring Team Network - Weekly training at various Taekwondo schools in the Bay Area and develop future Olympians.6)Continue the development process of West African Taekwondo Project working with Navigators of West Africa that started in 2022.7)Started an Archery Program for local communities.8)Support the USA Taekwondo national team by developing an international training exchange program with Korea.9)Support the USA Poomsae Team development by hosting the West Regional Poomsae Athlete Development Camp.10)Support the California United Taekwondo Association by hosting the California State Referee Development Camp.

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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 $203,513

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $203,513

Expense Breakdown

Grants Paid $0

Salaries & Benefits $27,158

Fundraising Expenses $5,058

Program Expenses $43,335

Other Expenses $263,520

TOTAL EXPENSES $290,678

Year-over-Year Comparison

	2023	2022	Change
Revenue	$203,513	N/A	N/A
Expenses	$290,678	N/A	N/A
Net Income	$-87,165	N/A	N/A

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

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
CHIN SONU	CEO	3.00	Director	$0	$0	$0
DAVID KIM	Secretary	1.00	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
2023	$203,513	$290,678	$6,950	$-87,165