KOREAN CULTURE CENTER OF NEW YORK (EIN 464602943) - 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

2014

Legal Domicile

Principal Officer

YONG K KIM

Tax Period

2023-01-01 to 2023-12-31

KOREAN CULTURE CENTER OF NEW YORK, founded in 2014, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $39K in total revenue in fiscal year 2023. Revenue fell 26% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $27K, a strong 69% operating margin.

Mission

THE MISSION OF KOREAN CULTURE CENTER OF NEW YORK, INC. IS TO PROMOTE AND ORGANIZE KOREAN CULTURAL, ARTS, EDUCATIONAL, AND SOCIAL ACTIVITIES. IT AIMS TO ESTABLISH A VENUE WHERE ALL KOREAN AMERICANS AND OTHER GROUPS CAN PARTICIPATE IN PROGRAMS AND EVENTS THAT CELEBRATE KOREAN CULTURE AND HERITAGE. HENCE, IT SEEKS TO IMPROVE THE UNDERSTANDING OF KOREAN AMERICANS THROUGH ITS DIVERSE EDUCATIONAL PROGRAMS AND UNIQUE CULTURAL 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 $39,235

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $39,235

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $11,971

TOTAL EXPENSES $11,971

Year-over-Year Comparison

	2023	2022	Change
Revenue	$39,235	$53,119	-0.3%
Expenses	$11,971	$42,110	-0.7%
Net Income	$27,264	$11,009	+1.5%

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
YONG K KIM	PRESIDENT	20.00	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	$39,235	$11,971	$77,518	$27,264
2022	$53,119	$42,110	$50,254	$11,009
2021	$37,293	$23,187	$39,245	$14,106
2020	$39,425	$34,827	$29,772	$4,598
2019	$33,140	$82,396	$28,821	$-49,256
2018	$105,468	$88,813	$30,648	$16,655

KOREAN CULTURE CENTER OF NEW YORK