Texas State TaeKwondo Association

EIN: 752529248 501(c)(3)

Amarillo, TX

Total Revenue
$224,672
Total Expenses
$226,768
Total Assets
$666
Net Assets
$666
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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
1981
Legal Domicile
TX
Phone
8063583458
Tax Period
2018-01-01 to 2018-12-31

Texas State TaeKwondo Association, founded in 1981, is a small nonprofit that reported $225K in total revenue in fiscal year 2018.

Mission

Disseminate phsical and metaphysical benefits of martial arts

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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 (2018)

Revenue Breakdown

Contributions & Grants $224,672
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $224,672

Expense Breakdown

Grants Paid $10,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $215,739
Other Expenses $216,768
TOTAL EXPENSES $226,768

Year-over-Year Comparison

2018 2017 Change
Revenue $224,672 N/A N/A
Expenses $226,768 N/A N/A
Net Income $-2,096 N/A N/A
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
8
Independent Members
7
Employees
N/A
Volunteers
100

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
8
$0
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
In Seon Kim President 5.00
Officer Director
$0 $0 $0
Dong Sop Lee Vice President 5.00
Officer Director
$0 $0 $0
Dennis Pinaroc Secretary General 5.00
Officer Director
$0 $0 $0
In Ho Oak Treasurer 5.00
Officer Director
$0 $0 $0
Julian Vasquez Vice President 5.00
Officer Director
$0 $0 $0
John Monroe Vice President 5.00
Officer Director
$0 $0 $0
Sang Cha Vice President 5.00
Officer Director
$0 $0 $0
Kenn Thorpe Vice President 5.00
Officer 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
2018 $224,672 $226,768 $666 $-2,096
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