CHICAGO KOREAN DANCE COMPANY

EIN: 473051009 501(c)(3) Arts, Culture & Humanities

ROLLING MEADOWS, IL

Total Revenue
$270,390
Total Expenses
$231,122
Total Assets
$145,894
Net Assets
$145,894
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2014
Legal Domicile
IL
Principal Officer
AE-DEOK LEE CHO
Phone
6308035044
Tax Period
2023-01-01 to 2023-12-31

CHICAGO KOREAN DANCE COMPANY, founded in 2014, is a small nonprofit in the Arts, Culture & Humanities sector that reported $270K in total revenue in fiscal year 2023. Revenue surged 35% from the prior year, signaling strong growth momentum. Expenses of $231K left a modest 15% surplus.

Mission

TO DEVELOP KOREAN CULTURAL HERITAGE THROUGH VARIOUS TRADITIONAL DANCE PERFORMANCES WITH THE FRUITION OF CONNECTING AND UNITING WITH OTHER CULTURES IN THE AGE OF GLOBALISM.

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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 (2023)

Revenue Breakdown

Contributions & Grants $86,050
Program Service Revenue $182,557
Investment Income $1,783
Other Revenue $0
TOTAL REVENUE $270,390

Expense Breakdown

Grants Paid $2,800
Salaries & Benefits $32,295
Fundraising Expenses $0
Program Expenses $227,922
Other Expenses $196,027
TOTAL EXPENSES $231,122

Year-over-Year Comparison

2023 2022 Change
Revenue $270,390 $200,385 +0.3%
Expenses $231,122 $155,615 +0.5%
Net Income $39,268 $44,770 -0.1%
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

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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
39
Independent Members
36
Employees
1
Volunteers
38

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
3
$30,000
Total Directors
39
$30,000
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
AE-DEOK LEE CHO PRESIDENT 30.00
Officer Director Highest
$30,000 $0 $30,000
GEESOOK BAIK TREASURER 10.00
Officer Director
$0 $0 $0
JUYEUN CHAE SECRETARY 10.00
Officer Director
$0 $0 $0
YOUNGKEE KIM DIRECTOR 3.00
Director
$0 $0 $0
EUPIL CHOI DIRECTOR 3.00
Director
$0 $0 $0
CHRISTINA KIM DIRECTOR 3.00
Director
$0 $0 $0
JANE LEE DIRECTOR 3.00
Director
$0 $0 $0
JEONGMI CHIN DIRECTOR 3.00
Director
$0 $0 $0
JOHN J KIM DIRECTOR 3.00
Director
$0 $0 $0
JUNGHEE KANG DIRECTOR 3.00
Director
$0 $0 $0
JUNGJA HURH DIRECTOR 3.00
Director
$0 $0 $0
IAN JO DIRECTOR 3.00
Director
$0 $0 $0
JUNGSOOK RIM DIRECTOR 3.00
Director
$0 $0 $0
JUNG M KWON DIRECTOR 3.00
Director
$0 $0 $0
JINHWA SUH DIRECTOR 3.00
Director
$0 $0 $0
MOON S LIM DIRECTOR 3.00
Director
$0 $0 $0
SUNGJU LEE DIRECTOR 3.00
Director
$0 $0 $0
INJOO PARK DIRECTOR 3.00
Director
$0 $0 $0
JIEUN OH DIRECTOR 3.00
Director
$0 $0 $0
JIEUN HAHN DIRECTOR 3.00
Director
$0 $0 $0
EUNYOUNG HUR DIRECTOR 3.00
Director
$0 $0 $0
MOONHWA PARK DIRECTOR 3.00
Director
$0 $0 $0
POONGJA L CHO DIRECTOR 3.00
Director
$0 $0 $0
RANSIL PARK DIRECTOR 3.00
Director
$0 $0 $0
YOUNGSOOK HAHN DIRECTOR 3.00
Director
$0 $0 $0
YONG S WEHRMEISTER DIRECTOR 3.00
Director
$0 $0 $0
JUNGYOUN KIM DIRECTOR 3.00
Director
$0 $0 $0
SUNGJA LEE DIRECTOR 3.00
Director
$0 $0 $0
SUNGHEE JEON DIRECTOR 3.00
Director
$0 $0 $0
SUNGSOON KIM DIRECTOR 3.00
Director
$0 $0 $0
KWANGJA KOO DIRECTOR 3.00
Director
$0 $0 $0
SOYOUNG SEO DIRECTOR 3.00
Director
$0 $0 $0
WANDA KIM DIRECTOR 3.00
Director
$0 $0 $0
WONSOOK CHUNG DIRECTOR 3.00
Director
$0 $0 $0
SOPHIA PARK DIRECTOR 3.00
Director
$0 $0 $0
YOUNGSOOK KIM DIRECTOR 3.00
Director
$0 $0 $0
MYUNGJOO KO DIRECTOR 3.00
Director
$0 $0 $0
MOONHEE KANG DIRECTOR 3.00
Director
$0 $0 $0
KYUNG NAM KO DIRECTOR 3.00
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
2025 No data No data No data No data
2024 No data No data No data No data
2023 $270,390 $231,122 $145,894 $39,268
2022 $200,385 $155,615 $106,626 $44,770
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