KAGRO OF MARYLAND INC

EIN: 521912436

BALTIMORE, MD

Total Revenue
$47,200
Total Expenses
$54,083
Total Assets
$22,046
Net Assets
$22,046
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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
1993
Legal Domicile
MD
Principal Officer
MARIO CHANG
Phone
4102445802
Tax Period
2023-01-01 to 2023-12-31

KAGRO OF MARYLAND INC, founded in 1993, is a micro nonprofit that reported $47K in total revenue in fiscal year 2023. Expenses of $54K exceeded revenue, resulting in a 15% operating deficit.

Mission

SUPPORTING AND ADVOCATING KOREAN-AMERICAN BUSINESS PEOPLE IN RETAIL FOOD & LIQUOR INDUSTRY.

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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 $37,950
Program Service Revenue $9,250
Investment Income $0
Other Revenue $0
TOTAL REVENUE $47,200

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $13,058
Other Expenses $54,083
TOTAL EXPENSES $54,083

Year-over-Year Comparison

2023 2022 Change
Revenue $47,200 $45,497 +0.0%
Expenses $54,083 $52,302 +0.0%
Net Income $-6,883 $-6,805 +0.0%
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

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Governance

Voting Members
26
Independent Members
26
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
2
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVID KIM BOARD MEMBER N/A
Director
$0 $0 $0
DOMINGO KIM VICE PRESIDE N/A
Officer Director
$0 $0 $0
JOHNNY OH BOARD MEMBER N/A
Director
$0 $0 $0
KI BONG SONG BOARD MEMBER N/A
Director
$0 $0 $0
MARIO CHANG PRESIDENT 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
2024 No data No data No data No data
2023 $47,200 $54,083 $22,046 $-6,883
2022 $45,497 $52,302 $28,929 $-6,805
2021 $44,556 $30,696 $35,734 $13,860
2020 $25,223 $28,653 $21,874 $-3,430
2019 $61,910 $43,014 $25,304 $18,896
2018 $86,953 $85,423 $6,408 $1,530
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