WASHINGTON STATE KOREAN-AMERICAN EDUCATION AND CULTURE FOUNDATION (EIN 464444013) - 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

Legal Domicile

Principal Officer

JENNIFER Y SOHN

Tax Period

2023-08-01 to 2024-07-31

WASHINGTON STATE KOREAN-AMERICAN EDUCATION AND CULTURE FOUNDATION is a small nonprofit in the Arts, Culture & Humanities sector that reported $287K in total revenue in fiscal year 2023. Revenue decreased 19% compared to the prior year. The organization ran a surplus of $259K, a strong 90% operating margin.

Mission

TO CULTIVATE GOOD CITIZENS WHO CAN CONTRIBUTE TO A PLURALISTIC CIVIL SOCIETY, AND TO WIDELY INTRODUCE THE KOREAN CULTURE TO AMERICAN SOCIETY THROUGH EDUCATION OF KOREAN LANGUAGE AND CULTURE.

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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 $242,689

Program Service Revenue $0

Investment Income $44,431

Other Revenue $0

TOTAL REVENUE $287,120

Expense Breakdown

Grants Paid $5,000

Salaries & Benefits $0

Fundraising Expenses $20,376

Program Expenses $8,104

Other Expenses $23,480

TOTAL EXPENSES $28,480

Year-over-Year Comparison

	2023	2022	Change
Revenue	$287,120	$355,317	-0.2%
Expenses	$28,480	$27,846	+0.0%
Net Income	$258,640	$327,471	-0.2%

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

Volunteers

500

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
JENNIFER Y SOHN	CHAIR BOARD	10.00	Officer Director	$0	$0	$0
JOSHUA LEE	VICE CHAIR B	10.00	Officer Director	$0	$0	$0
KEVIN Y CHAE	VICE CHAIR B	10.00	Officer Director	$0	$0	$0
YOUNGMI KIM	TREASURER/SE	10.00	Officer Director	$0	$0	$0
WILL EUNKU CHUNG	DIRECTOR	10.00	Director	$0	$0	$0
JAE HOON KIM	DIRECTOR	10.00	Director	$0	$0	$0
BUWON YOON	DIRECTOR	10.00	Director	$0	$0	$0
TAI K YOUN	DIRECTOR	10.00	Director	$0	$0	$0
SEUNG J CHOUNG	DIRECTOR	10.00	Director	$0	$0	$0
JASON LEE	DIRECTOR	10.00	Director	$0	$0	$0
SEAN HK KIM	DIRECTOR	10.00	Director	$0	$0	$0
MINAH CHO	DIRECTOR	10.00	Director	$0	$0	$0
JISUK JO	DIRECTOR	10.00	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
2024	$287,120	$28,480	$1,153,133	$258,640
2023	$331,517	$51,646	$480,624	$279,871
2022	$76,250	$118,833	$200,753	$-42,583
2021	$58,352	No data	$555,221	No data

WASHINGTON STATE KOREAN-AMERICAN EDUCATION AND CULTURE FOUNDATION