KOREAN RESOURCE CENTER INC

EIN: 522300984 501(c)(3)

ELLICOTT CITY, MD

Total Revenue
$190,514
Total Expenses
$186,563
Total Assets
$274,194
Net Assets
$269,794
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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
2001
Legal Domicile
MD
Principal Officer
KIM B KIM
Phone
4102031111
Tax Period
2017-07-01 to 2018-06-30

KOREAN RESOURCE CENTER INC, founded in 2001, is a small nonprofit that reported $191K in total revenue in fiscal year 2017.

Mission

TO MEET THE GROWING NEEDS OF KOREAN AMERICANS FOR COMMUNITY-BASED RESEARCH AND EDUCATION ON HEALTH PROMOTION AND OTHER SOCIAL LEADERSHIP AND TRAINING.

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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 (2017)

Revenue Breakdown

Contributions & Grants $190,514
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $190,514

Expense Breakdown

Grants Paid $0
Salaries & Benefits $81,287
Fundraising Expenses $0
Program Expenses $186,563
Other Expenses $105,276
TOTAL EXPENSES $186,563

Year-over-Year Comparison

2017 2016 Change
Revenue $190,514 $182,993 +0.0%
Expenses $186,563 $240,313 -0.2%
Net Income $3,951 $-57,320 -1.1%
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
5
Independent Members
5
Employees
2
Volunteers
2

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
1
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KIM B KIM CEO/PRESIDEN 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
2018 $190,514 $186,563 $274,194 $3,951
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