KOREAN SOCIETY OF DALLAS

EIN: 751775499 501(c)(3) Arts, Culture & Humanities

DALLAS, TX

Total Revenue
$172,327
Total Expenses
$185,693
Total Assets
$2,609
Net Assets
$-13,361
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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
1988
Legal Domicile
TX
Principal Officer
SUNGHAN KIM
Phone
9722414524
Tax Period
2024-01-01 to 2024-12-31

KOREAN SOCIETY OF DALLAS, founded in 1988, is a small nonprofit in the Arts, Culture & Humanities sector that reported $172K in total revenue in fiscal year 2024. Revenue fell 47% from the prior year — a significant decline worth monitoring.

Mission

EDUCATE AND SERVE KOREAN AMERICANS IN DALLAS TEXAS AREA

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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 $172,327
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $172,327

Expense Breakdown

Grants Paid $0
Salaries & Benefits $10,742
Fundraising Expenses $690
Program Expenses $184,658
Other Expenses $174,951
TOTAL EXPENSES $185,693

Year-over-Year Comparison

2024 2023 Change
Revenue $172,327 $326,990 -0.5%
Expenses $185,693 $320,808 -0.4%
Net Income $-13,366 $6,182 -3.2%
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
25
Independent Members
25
Employees
1
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
5
$0
Total Directors
22
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SUNGHAN KIM PRESIDENT N/A
Officer
$0 $0 $0
BRIAN H JUN VICE PRESIDE N/A
Officer
$0 $0 $0
JOHN JUN SR VICE PRES N/A
Officer Director
$0 $0 $0
RICHARD YU SR VICE PRES N/A
Officer Director
$0 $0 $0
KYOUNG D BAIK SR VICE PRES N/A
Director
$0 $0 $0
KYUNGCHUL LEE VICE PRESIDE N/A
Director
$0 $0 $0
KUK JIN IN VICE PRESIDN N/A
Officer Director
$0 $0 $0
KIL JA PARK VICE PRESIDE N/A
Director
$0 $0 $0
HYON HO SOHNE VICE PRESIDE N/A
Director
$0 $0 $0
WONSEONG OH DIRECTOR N/A
Director
$0 $0 $0
JUNGWOO LEE ADVISOR N/A
Director
$0 $0 $0
SOOHWAN KIM ADVISOR N/A
Director
$0 $0 $0
JUNGSOON LEE CHAIR OF EDU N/A
Director
$0 $0 $0
TAE JO JUNG CHIAR OF AFF N/A
Director
$0 $0 $0
SIHNMIN PARK ADVISOR N/A
Director
$0 $0 $0
MYUNG SOOK HWANG ADVISOR N/A
Director
$0 $0 $0
SUNGWOO JUN DIRECTOR N/A
Director
$0 $0 $0
BUYUN PARK DIRECTOR N/A
Director
$0 $0 $0
KANG KIM DIRECTOR N/A
Director
$0 $0 $0
KYUNGSOOK HWANG DIRECTOR N/A
Director
$0 $0 $0
SOOHWAN KIM DIRECTOR N/A
Director
$0 $0 $0
SONGYONG LEE DIRECTOR N/A
Director
$0 $0 $0
KIL PAK DIRECTOR N/A
Director
$0 $0 $0
JOICE HWANG DIRECTOR N/A
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 $172,327 $185,693 $2,609 $-13,366
2023 $326,990 $320,808 $1,092 $6,182
2022 $142,076 $137,177 $24,518 $4,899
2021 $103,210 $95,870 $18,924 $7,340
2020 $201,364 $154,223 $11,937 $47,141
2019 $428,786 $514,399 $14,443 $-85,613
2018 $494,126 $492,928 $21,747 $1,198
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