Impact Inc (EIN 521916839) - 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

1994

Legal Domicile

Principal Officer

Susie Yoon

Phone

9739807000

Tax Period

2021-10-01 to 2022-09-30

Impact Inc, founded in 1994, is a micro nonprofit in the Youth Development sector that reported $19K in total revenue in fiscal year 2021. Revenue fell 72% from the prior year — a significant decline worth monitoring. Expenses of $44K exceeded revenue, resulting in a 137% operating deficit.

Mission

We are committed to raise, equip and moblilize the second generation of Korean-Americans and the Korean diaspora to fulfill the Great Commission of the Gospel of Jesus Christ focused on North Korea.

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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 (2021)

Revenue Breakdown

Contributions & Grants $18,600

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $18,600

Expense Breakdown

Grants Paid $33,474

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $44,107

Other Expenses $10,633

TOTAL EXPENSES $44,107

Year-over-Year Comparison

	2021	2020	Change
Revenue	$18,600	$66,713	-0.7%
Expenses	$44,107	$36,784	+0.2%
Net Income	$-25,507	$29,929	-1.9%

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 Jung Gogh	Board Member	001.00	Director Highest	$0	$0	$0
Moon Park	Board Member	001.00	Director	$0	$0	$0
Kyeong Hee Park	Board Member	001.00	Director	$0	$0	$0
Susie Yoon	President	040.00	Officer	$0	$0	$0
Sunny Lee	Treasurer	001.00	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
2022	$18,600	$44,107	$66,667	$-25,507
2021	$66,713	$36,784	$92,174	$29,929
2020	$44,731	$24,536	$62,245	$20,195
2019	$55,166	$40,180	$42,050	$14,986
2018	$67,926	$94,540	$27,064	$-26,614

Impact Inc