SMAIF (EIN 680518326) - 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

2022

Legal Domicile

Principal Officer

HYUN S CHUNG

Phone

8187460886

Tax Period

2024-01-01 to 2024-12-31

SMAIF, founded in 2022, is a micro nonprofit in the Education sector that reported $82K in total revenue in fiscal year 2024. Revenue fell 96% from the prior year — a significant decline worth monitoring.

Mission

THIS CORPORATION IS ORGANIZED EXCLUSIVELY TO PROVIDE BENEFITS IN THE FORM OF CONTRIBUTION OUT OF ITS INCOME AND ASSETS TO PUBLICLY SUPPORTED CHARITABLE AND EDUCATIONAL ORGANIZATIONS THAT HAVE QUALIFIED FOR TAX EXEMPTION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986.

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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 $82,327

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $82,327

Expense Breakdown

Grants Paid $66,188

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $81,505

Other Expenses $15,317

TOTAL EXPENSES $81,505

Year-over-Year Comparison

	2024	2023	Change
Revenue	$82,327	$2,136,700	-1.0%
Expenses	$81,505	$4,170,169	-1.0%
Net Income	$822	$-2,033,469	-1.0%

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
HYUN S CHUNG	PRESIDENT &	1.00	Officer	$0	$0	$0
EUN HEE KIM	SECRETARY	1.00	Officer	$0	$0	$0
MI SUP LEE	CFO	1.00	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
2024	$82,327	$81,505	$2,199	$822
2023	$2,136,700	$4,170,169	$1,377	$-2,033,469
2022	$2,053,890	$20,195	$2,034,846	$2,033,695

SMAIF