HU LEE MEMORIAL FOUNDATION (EIN 710696757) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1990

Legal Domicile

Principal Officer

SUN C LEE

Phone

5015682821

Tax Period

2023-01-01 to 2023-12-31

HU Lee Memorial Foundation, founded in 1990, is a micro nonprofit in the Education sector that reported $70K in total revenue in fiscal year 2019. Revenue surged 50% from the prior year, signaling strong growth momentum. Expenses of $60K left a modest 14% surplus.

Mission

TO AWARD SCHOLARSHIPS TO QUALIFIED STUDENTS FOR TAEKWONDO AND TO FURTHER THE PRINCIPLES OF TAEKWONDO SET FORTH BY GRAND MASTER H U LEE.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $81,323

Program Service Revenue $0

Investment Income $14,477

Other Revenue $364

TOTAL REVENUE $96,164

Expense Breakdown

Grants Paid $49,283

Salaries & Benefits $0

Fundraising Expenses $1,063

Program Expenses $49,283

Other Expenses $14,397

TOTAL EXPENSES $63,680

Year-over-Year Comparison

	2023	2022	Change
Revenue	$96,164	$14,656	+5.6%
Expenses	$63,680	$23,635	+1.7%
Net Income	$32,484	$-8,979	-4.6%

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

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
SUN C LEE	CHAIRMAN	1.00	Officer Director	$0	$0	$0
LUCAS LEE	ADVISORY COMMITTEE MEMBER	1.00	Director	$0	$0	$0
LINUS RAINES	ADVISORY COMMITTEE MEMBER	1.00	Director	$0	$0	$0
ZACH RODGERS	ADVISORY COMMITTEE MEMBER	1.00	Director	$0	$0	$0
LISA LEE	ADVISORY COMMITTEE MEMBER	1.00	Director	$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	No data	No data	No data	No data
2023	$96,164	$63,680	$546,129	$32,484
2022	$14,656	$23,635	$487,730	$-8,979
2021	$44,596	$39,120	$498,959	$5,476
2020	$17,385	$14,929	$504,708	$2,456
2019	$70,173	$60,134	$533,579	$10,039

HU LEE MEMORIAL FOUNDATION