EDUCATION FOR NEXT GENERATION ORGANIZATION

EIN: 464367797 501(c)(3)

VALENCIA, CA

Total Revenue
$28,238
Total Expenses
$874,408
Total Assets
N/A
Net Assets
N/A
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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
RONNIE SEOK PARK
Phone
2137386000
Tax Period
2020-01-01 to 2020-12-31

EDUCATION FOR NEXT GENERATION ORGANIZATION, founded in 2013, is a micro nonprofit that reported $28K in total revenue in fiscal year 2020. Revenue fell 84% from the prior year — a significant decline worth monitoring. Expenses of $874K exceeded revenue, resulting in a 2997% operating deficit.

Mission

Education for next generation organization was established to establish local libraries and eletronic libraries for communities and to provide educational programs and services to young children and illiterate individuals.

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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 (2020)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $28,238
Other Revenue $0
TOTAL REVENUE $28,238

Expense Breakdown

Grants Paid $874,408
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $874,408
Other Expenses $0
TOTAL EXPENSES $874,408

Year-over-Year Comparison

2020 2019 Change
Revenue $28,238 $178,694 -0.8%
Expenses $874,408 $46,925 +17.6%
Net Income $-846,170 $131,769 -7.4%
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
2
Independent Members
N/A
Employees
N/A
Volunteers
2

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
RONNIE SEOK PARK PRESIDENT N/A
Officer
$0 $0 $0
SALLY Y PARK SECRETARY N/A
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
2020 $28,238 $874,408 No data $-846,170
2019 $178,694 $46,925 $846,170 $131,769
2018 $234 $63,205 $714,401 $-62,971
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