THE NATIONAL ASSOCIATION FOR KOREAN SCHOOLS INC (EIN 521596204) - 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

1992

Legal Domicile

Principal Officer

YEASOON KWON

Tax Period

2024-09-01 to 2025-08-31

THE NATIONAL ASSOCIATION FOR KOREAN SCHOOLS INC, founded in 1992, is a small nonprofit in the Human Services sector that reported $217K in total revenue in fiscal year 2024. Revenue surged 74% from the prior year, signaling strong growth momentum. Expenses of $330K exceeded revenue, resulting in a 52% operating deficit.

Mission

IN ORDER TO SUPPORT AND TO HELP MANY KOREAN HERITAGE LANGUAGE SCHOOLS OPERATING NATIONWIDE, THE ORGANIZATION WAS CREATED TO HELP KOREAN LANGUAGE SCHOOLS IN THE AREA OF THE U.S.A NATIONAL CONFERENCE, TEACHER'S SEMINAR, KOREAN-TEXTBOOK PUBLICATIONS, KOREAN-SPEECH CONTEST, AND ADOPTEES EDUCATION ETC. ARE MANAGED BY THIS ORGANIZATION.

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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 (2024)

Revenue Breakdown

Contributions & Grants $110,900

Program Service Revenue $75,365

Investment Income $30,761

Other Revenue $0

TOTAL REVENUE $217,026

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $211,901

Other Expenses $329,937

TOTAL EXPENSES $329,937

Year-over-Year Comparison

	2024	2023	Change
Revenue	$217,026	$124,723	+0.7%
Expenses	$329,937	$300,771	+0.1%
Net Income	$-112,911	$-176,048	-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

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
HYE SUNG KIM	DIRECTOR	N/A	Director	$0	$0	$0
JONGKWON PARK	CHAIRMAN	N/A	Director	$0	$0	$0
JUNGSOOK HWANG	VICE PRESIDE	N/A	Officer	$0	$0	$0
YEASOON KWON	PRESIDENT	N/A	Officer	$0	$0	$0
JUNG HEE SHIN	VICE PRESIDE	N/A	Officer	$0	$0	$0
SUE YOON	TREASURER	N/A	Officer	$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	$217,026	$329,937	$536,316	$-112,911
2024	$124,723	$300,771	$584,727	$-176,048
2023	$290,920	$339,291	$522,655	$-48,371
2022	$251,282	$193,913	$571,026	$57,369
2021	$245,305	$192,079	$513,657	$53,226
2020	$194,391	$221,259	$460,431	$-26,868
2019	$333,781	$224,197	$487,299	$109,584
2018	$371,777	$378,917	$377,715	$-7,140

THE NATIONAL ASSOCIATION FOR KOREAN SCHOOLS INC