THE RAFU SHIMPO FOUNDATION INC

EIN: 611431114 501(c)(3) Arts, Culture & Humanities

Los Angeles, CA

Total Revenue
$47,579
Total Expenses
$37,404
Total Assets
$143,609
Net Assets
$143,609
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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
2002
Legal Domicile
CA
Principal Officer
MICHAEL KOMAI
Phone
2136292231
Tax Period
2024-01-01 to 2024-12-31

THE RAFU SHIMPO FOUNDATION INC, founded in 2002, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $48K in total revenue in fiscal year 2024. Revenue surged 92% from the prior year, signaling strong growth momentum. The organization ran a surplus of $10K, a strong 21% operating margin.

Mission

SUPPORT COMMUNITY ACTIVITIES AND ORGANIZATIONS RECOGNIZING THE HISTORY, HERITAGE AND CONTRIBUTIONS OF ASIAN AMERICANS

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,037
Program Service Revenue $0
Investment Income $1,825
Other Revenue $44,717
TOTAL REVENUE $47,579

Expense Breakdown

Grants Paid $37,229
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $37,229
Other Expenses $175
TOTAL EXPENSES $37,404

Year-over-Year Comparison

2024 2023 Change
Revenue $47,579 $24,763 +0.9%
Expenses $37,404 $17,675 +1.1%
Net Income $10,175 $7,088 +0.4%
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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
5
Independent Members
5
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
1
$0
Total Directors
1
$0
Key Employees
1
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHAEL KOMAI PRESIDENT 002.00
Officer Director Key Emp
$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 $47,579 $37,404 $143,609 $10,175
2022 $10,543 $9,775 $126,346 $768
2021 $8,911 $1,595 $125,578 $7,316
2020 $24,860 $8,080 $118,262 $16,780
2019 $26,502 $21,425 $101,482 $5,077
2018 $42,979 $18,977 $96,405 $24,002
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