SEUS KOREAN CHAMBER OF COMMERCE INC (EIN 811712504) - 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

2016

Legal Domicile

Principal Officer

JAMES J WHITCOMB

Tax Period

2022-01-01 to 2022-12-31

SEUS KOREAN CHAMBER OF COMMERCE INC, founded in 2016, is a micro nonprofit in the Community Improvement sector that reported $27K in total revenue in fiscal year 2022. Revenue surged 293% from the prior year, signaling strong growth momentum. The organization ran a surplus of $10K, a strong 36% operating margin.

Mission

THE MISSION OF THE ORGANIZATION IS TO PROMOTE GOODWILL, UNDERSTANDING AND COOPERATION BETWEEN THE PEOPLE OF THE REPUBLIC OF KOREA AND THE PEOPLE OF THE SOUTHEAST REGION OF THE UNITED STATES

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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 (2022)

Revenue Breakdown

Contributions & Grants $8,173

Program Service Revenue $18,497

Investment Income $0

Other Revenue $0

TOTAL REVENUE $26,670

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $12,387

Other Expenses $16,966

TOTAL EXPENSES $16,966

Year-over-Year Comparison

	2022	2021	Change
Revenue	$26,670	$6,790	+2.9%
Expenses	$16,966	$6,331	+1.7%
Net Income	$9,704	$459	+20.1%

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

N/A

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
CHARLES STALWORTH OK	DIRECTOR	001.00	Director	$0	$0	$0
DR STEVE DANIEL OK	DIRECTOR	001.00	Director	$0	$0	$0
GERALD WYATT OK	DIRECTOR	001.00	Director	$0	$0	$0
JUNE LEE OK	DIRECTOR	001.00	Director	$0	$0	$0
KEN RILEY OK	DIRECTOR	001.00	Director	$0	$0	$0
LEAH C SONG OK	DIRECTOR	001.00	Director	$0	$0	$0
YONNIE KIM OK	DIRECTOR	001.00	Director	$0	$0	$0
BRADLEY HARRIS OK	DIRECTOR	001.00	Director	$0	$0	$0
ANDREW HARDIN OK	TREASURER	002.00	Officer	$0	$0	$0
JAE KIM OK	PRESIDENT	002.00	Officer	$0	$0	$0
SUJIN KIM OK	VICE PRESIDENT	002.00	Officer	$0	$0	$0
JAMES WHITCOMB OK	VICE PRESIDENT	002.00	Officer	$0	$0	$0
ARNDT SIEPMAN OK	VICE PRESIDENT	002.00	Officer	$0	$0	$0
N/A	SECRETARY	002.00	Officer	$0	$0	$0
DAN USHER OK	VICE PRESIDENT	002.00	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
2022	$26,670	$16,966	$54,123	$9,704
2021	$6,790	$6,331	$43,149	$459
2020	$30,829	$17,394	$42,690	$13,435
2019	$18,440	$24,258	$38,712	$-5,818
2018	$37,179	$32,341	$35,573	$4,838

SEUS KOREAN CHAMBER OF COMMERCE INC