CAROLINE UNIVERSITY (EIN 813612322) - 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

JINSAM LEE

Tax Period

2023-07-01 to 2024-06-30

CAROLINE UNIVERSITY, founded in 2016, is a community nonprofit in the Religion sector that reported $1.5M in total revenue in fiscal year 2023. Revenue grew 8% year-over-year, indicating healthy expansion.

Mission

TO PROVIDE RELIGIOUS EDUCATION PROGRAMS AND TO CONTINUE DEVELOPMENT OF RELIGIOUS EDUCATIONS.

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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 $100,000

Program Service Revenue $1,381,117

Investment Income $0

Other Revenue $394

TOTAL REVENUE $1,481,511

Expense Breakdown

Grants Paid $0

Salaries & Benefits $29,534

Fundraising Expenses $0

Program Expenses $919,708

Other Expenses $1,420,916

TOTAL EXPENSES $1,450,450

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,481,511	$1,366,577	+0.1%
Expenses	$1,450,450	$682,739	+1.1%
Net Income	$31,061	$683,838	-1.0%

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

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	Role	Reportable Comp	Other Comp	Total
MIJUNG KIM	DIRECTOR	Director	$0	$0	$0
SUNGSOOK CHUN	DIRECTOR	Director	$0	$0	$0
JONGKOOK SHIN	CHAIR	Director	$0	$0	$0
NAMHOON LEE	DIRECTOR	Director	$0	$0	$0
YOUNGKYU KIM	VICE CHAIR	Director	$0	$0	$0
JINSAM LEE	PRESIDENT	Officer	$0	$0	$0
ZION KIM	CFO	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
2025	No data	No data	No data	No data
2024	$1,481,511	$1,450,450	$651,842	$31,061
2023	$1,366,577	$1,097,355	$622,689	$269,222
2022	$1,161,222	$997,971	$355,496	$163,251
2021	$724,983	$709,865	$179,607	$15,118
2020	$533,161	$526,979	$174,527	$6,182
2019	$690,893	$682,743	$154,717	$8,150

CAROLINE UNIVERSITY