Fred T Korematsu Institute (EIN 813400947) - 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

Karen Korematsu

Tax Period

2023-01-01 to 2023-12-31

Fred T Korematsu Institute, founded in 2016, is a small nonprofit in the Education sector that reported $649K in total revenue in fiscal year 2023. Revenue surged 828% from the prior year, signaling strong growth momentum. The organization ran a surplus of $286K, a strong 44% operating margin.

Mission

The Fred T. Korematsu Institute promotes civic participation and education that advances racial equity, social justice and human rights for all.

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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 (2023)

Revenue Breakdown

Contributions & Grants $740,546

Program Service Revenue $0

Investment Income $1

Other Revenue $-91,953

TOTAL REVENUE $648,594

Expense Breakdown

Grants Paid $0

Salaries & Benefits $192,835

Fundraising Expenses $38,013

Program Expenses $254,431

Other Expenses $169,597

TOTAL EXPENSES $362,432

Year-over-Year Comparison

	2023	2022	Change
Revenue	$648,594	$69,898	+8.3%
Expenses	$362,432	$137,411	+1.6%
Net Income	$286,162	$-67,513	-5.2%

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

Governance

Voting Members

Independent Members

Employees

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

$92,083

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Karen Korematsu	Founder & Executive Director	40.00	Officer	$92,083	$0	$92,083
Jeffrey Hsi	Director	1.00	Director	$0	$0	$0
Eric Paul Fournier	Director	1.00	Director	$0	$0	$0
Jacinta Titialii-Abbott	Director	1.00	Director	$0	$0	$0
Andy Liu	Director	1.00	Director	$0	$0	$0
Peggy Saika	Board Chair	1.00	Officer Director	$0	$0	$0
Karen Ijichi Perkins	Secretary	1.00	Officer Director	$0	$0	$0
Steele Willinger	Treasurer	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
2024	No data	No data	No data	No data
2023	$648,594	$362,432	$380,591	$286,162
2022	$277,076	$300,389	$98,906	$-23,313
2022	$69,898	$137,411	$31,393	$-67,513
2021	$346,061	$246,389	$150,790	$99,672
2020	$223,191	$274,052	$59,586	$-50,861
2019	$318,216	$348,128	$73,408	$-29,912
2018	$454,146	$355,977	$103,320	$98,169

Fred T Korematsu Institute