KAGRO OF MARYLAND INC

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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

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.

Program Service Accomplishments

Program 1

EDUCATION OF FOOD PROTECTION MANAGEMENT: WE PROVIDED FOOD PROTECTION MANAGEMENT SKILL WORKSHOPS THREE TIMES DURING THE YEAR FOR OWNERS OF SMALL FOOD AND GROCERY BUSINESSES. WE ALSO PROVIDED ALCOHOL BEVERAGE MANAGEMENT SKILL EDUCATION TO OWNERS OF SMALL LIQUOR BUSINESSES THROUGHOUT THE YEAR.

Program 2

Expenses: $13,058

SCHOLARSHIP PROGRAM FOR TALENT STUDENTS: WE RAISED A FUND TO PROVIDE SCOLARSHIPS TO QUALIFIED NEEDY STUDENTS. WE AWARDED SCHOLARSHIPS TO QUALIFIED STUDENTS DURING OUR ANNUAL BANQUET.

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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 $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

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
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