GEN RICHARD G STILLWELL KOREAN WAR VETERANS MEMORIAL FOUNDATION

EIN: 521956689 501(c)(3) Public & Societal Benefit

ALEXANDRIA, VA

Total Revenue
$57,265
Total Expenses
$541,092
Total Assets
$29,432,341
Net Assets
$23,859,974
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1995
Legal Domicile
DC
Principal Officer
SEUNG JOON LEE
Phone
5719825291
Tax Period
2023-01-01 to 2023-12-31

GEN RICHARD G STILLWELL KOREAN WAR VETERANS MEMORIAL FOUNDATION, founded in 1995, is a micro nonprofit in the Public & Societal Benefit sector that reported $57K in total revenue in fiscal year 2023. Revenue fell 98% from the prior year — a significant decline worth monitoring. Expenses of $541K exceeded revenue, resulting in a 845% operating deficit.

Mission

THE MISSION OF THE FOUNDATION IS TO HONOR, PRESERVE AND EDUCATE THE PUBLIC ABOUT THE COURAGE AND SACRIFICE OF THOSE WHO FOUGHT FOR A PEOPLE THEY HAD NEVER MET IN A COUNTRY THEY DID NOT KNOW.

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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 $160,474
Program Service Revenue $0
Investment Income $92,791
Other Revenue $-196,000
TOTAL REVENUE $57,265

Expense Breakdown

Grants Paid $0
Salaries & Benefits $324,833
Fundraising Expenses $78,940
Program Expenses $324,566
Other Expenses $216,259
TOTAL EXPENSES $541,092

Year-over-Year Comparison

2023 2022 Change
Revenue $57,265 $2,795,065 -1.0%
Expenses $541,092 $1,488,997 -0.6%
Net Income $-483,827 $1,306,068 -1.4%
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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Governance

Voting Members
7
Independent Members
7
Employees
6
Volunteers
7

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
5
$131,750
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
COL RICHARD W DEAN II USA R VICE-CHAIRMAN/CONSTRUCTION 20.00
Officer Director
$0 $0 $0
LTG BERNARD S CHAMPOUX USA R VICE-CHAIRMAN 5.00
Officer Director
$0 $0 $0
GEN JOHN H TILELLI JR USA R CHAIRMAN 10.00
Officer Director
$0 $0 $0
MARK WILLIAM LIPPERT BOARD MEMBER 5.00
Director
$0 $0 $0
SUNNY PARK BOARD MEMBER 5.00
Director
$0 $0 $0
COL LOUIS BERMAN USA R BOARD MEMBER 5.00
Director
$0 $0 $0
THOMAS S KIM BOARD MEMBER 5.00
Director
$0 $0 $0
MICHEL AU BUCHON SECRETARY/TREASURER TO MAY 40.00
Officer
$31,250 $500 $31,750
SEUNG JOON LEE PRESIDENT 40.00
Officer
$100,000 $0 $100,000
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 $57,265 $541,092 $29,432,341 $-483,827
2022 $2,795,065 $1,488,997 $29,813,361 $1,306,068
2022 $2,795,065 $1,488,997 $29,813,361 $1,306,068
2021 $19,288,316 $474,021 $31,935,002 $18,814,295
2020 $2,019,224 $297,160 $4,290,348 $1,722,064
2019 $962,318 $171,789 $2,501,374 $790,529
2018 $166,849 $31,188 $1,710,844 $135,661
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