THE KOREAN SOCIETY OF MARYLAND INC (EIN 521108029) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1975

Legal Domicile

Phone

4107725393

Tax Period

2024-01-01 to 2024-12-31

THE KOREAN SOCIETY OF MARYLAND INC, founded in 1975, is a micro nonprofit in the Human Services sector that reported $67K in total revenue in fiscal year 2024. Revenue fell 63% from the prior year — a significant decline worth monitoring. Expenses of $107K exceeded revenue, resulting in a 61% operating deficit.

Mission

SOCIETY PROMOTES CULTURE & ASSIST SENIOR CITIEZENS, COUNSELING YOUTHS

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $66,661

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $66,661

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $11,951

Program Expenses $0

Other Expenses $107,051

TOTAL EXPENSES $107,051

Year-over-Year Comparison

	2024	2023	Change
Revenue	$66,661	$179,592	-0.6%
Expenses	$107,051	$207,683	-0.5%
Net Income	$-40,390	$-28,091	+0.4%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

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
SUAH AHN	PRESIDENT	24.00	Officer	$0	$0	$0
YOUNGHOO KIM	VICE PRESIDENT	24.00	Officer	$0	$0	$0
DANIEL KIM	SECRETARY	24.00	Officer	$0	$0	$0
YOUNG AE SON	TREASURER	24.00		$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	$66,661	$107,051	$331,132	$-40,390
2023	$179,592	$207,683	$335,886	$-28,091
2022	$246,355	$262,799	$346,757	$-16,444
2021	$89,510	$98,791	$357,304	$-9,281
2020	$76,503	$124,155	$359,013	$-47,652
2019	$224,447	$240,073	$368,283	$-15,626
2018	$253,663	$218,700	$387,282	$34,963

THE KOREAN SOCIETY OF MARYLAND INC