PACE ACADEMY FOUNDATION (EIN 471309747) - 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

SUNG HEE YOO

Phone

7142209900

Tax Period

2023-01-01 to 2023-12-31

PACE ACADEMY FOUNDATION, founded in 2013, is a small nonprofit in the Youth Development sector that reported $609K in total revenue in fiscal year 2023. Revenue fell 26% from the prior year — a significant decline worth monitoring. Expenses of $844K exceeded revenue, resulting in a 39% operating deficit.

Mission

Pace Academy Foundation provides opportunities for high-quality, Christian education to the most disadvantaged, Christian students. It also provides scholarships to Christian students so that they may continue to pursue

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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 $608,330

Program Service Revenue $0

Investment Income $171

Other Revenue $0

TOTAL REVENUE $608,501

Expense Breakdown

Grants Paid $672,133

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $672,133

Other Expenses $172,342

TOTAL EXPENSES $844,475

Year-over-Year Comparison

	2023	2022	Change
Revenue	$608,501	$821,243	-0.3%
Expenses	$844,475	$994,978	-0.2%
Net Income	$-235,974	$-173,735	+0.4%

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

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
SUNG HEE YOO	PRESIDENT	040.00	Officer Director	$0	$0	$0
HEE Y PARK	CFO	010.00	Officer Director	$0	$0	$0
MI HEE HAN	SECRETARY	010.00	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	$608,501	$844,475	$678,322	$-235,974
2022	$821,243	$994,978	$1,115,526	$-173,735
2021	$1,043,054	$527,174	$1,288,140	$515,880
2020	$510,224	$357,998	$422,266	$152,226
2019	$359,978	$295,894	$120,040	$64,084

PACE ACADEMY FOUNDATION