GOOD FRIENDS USA 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

2004

Legal Domicile

Principal Officer

SOON YOUNG MIN

Phone

3014559196

Tax Period

2024-01-01 to 2024-12-31

GOOD FRIENDS USA INC, founded in 2004, is a micro nonprofit in the Civil Rights & Advocacy sector that reported $42K in total revenue in fiscal year 2024. Revenue surged 30% from the prior year, signaling strong growth momentum. Expenses of $50K exceeded revenue, resulting in a 21% operating deficit.

Mission

GOOD FRIEND USA INC IS COMMITTED TO ACTIVE IMPLEMENTATION OF PEACE AND HUMAN RIGHT,INCLUDING WELL BEING OF REFUGEES AND DISPLACED PERSONS IN ASIA AND BEYOND.

Program Service Accomplishments

Program 1

CONFERENCE/ REGULAR MEETINGS WITH INTEREST GROUPS TO PROMOTE THE ACTIVITIES AND BUDDHIST'S DHARMA DIALOGUE.

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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 (2024)

Revenue Breakdown

Contributions & Grants $41,500

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $41,500

Expense Breakdown

Grants Paid $0

Salaries & Benefits $22,258

Fundraising Expenses $0

Program Expenses $10,743

Other Expenses $27,834

TOTAL EXPENSES $50,092

Year-over-Year Comparison

	2024	2023	Change
Revenue	$41,500	$32,000	+0.3%
Expenses	$50,092	$49,375	+0.0%
Net Income	$-8,592	$-17,375	-0.5%

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

N/A

Employees

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
POMNYUN SUK HO CHOI	PRESIDENT/DI	N/A	Director	$0	$0	$0
YUSOO SUK WOO JENG	DIRECTOR	N/A	Director	$0	$0	$0
JI HYUN KIM	TREASURER	N/A	Officer	$0	$0	$0
SOON YOUNG MIN	SECRETARY/DI	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	$41,500	$50,092	$491,600	$-8,592
2023	$32,000	$49,375	$506,844	$-17,375
2022	$51,175	$49,952	$565,958	$1,223
2021	$75,890	$63,850	$564,735	$12,040
2020	$70,785	$56,634	$581,848	$14,151
2019	$24,180	$54,767	$242,333	$-30,587
2018	$12,550	$19,483	$261,447	$-6,933