GLOBAL COOPERATION FOR ADVANCEMENT INC

EIN: 814706798 501(c)(3)

COLUMBIA, MD

Total Revenue
$107,297
Total Expenses
$160,448
Total Assets
$70,047
Net Assets
$70,047
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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
MD
Principal Officer
HONG KIM
Phone
3019062842
Tax Period
2024-01-01 to 2024-12-31

GLOBAL COOPERATION FOR ADVANCEMENT INC, founded in 2016, is a small nonprofit that reported $107K in total revenue in fiscal year 2024. Expenses of $160K exceeded revenue, resulting in a 50% operating deficit.

Mission

SUPPORTING OVERSEAS LOCAL CHRISTIAN ORGANIZATIONS PROVIDING QUALITY EDUCATION FOR CHILDREN AND YOUTH AND TRAINING LOCAL LEADERS

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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 $107,297
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $107,297

Expense Breakdown

Grants Paid $0
Salaries & Benefits $24,300
Fundraising Expenses $0
Program Expenses $131,201
Other Expenses $136,148
TOTAL EXPENSES $160,448

Year-over-Year Comparison

2024 2023 Change
Revenue $107,297 $100,389 +0.1%
Expenses $160,448 $82,330 +0.9%
Net Income $-53,151 $18,059 -3.9%
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
5
Independent Members
N/A
Employees
N/A
Volunteers
6

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
1
$23,000
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SANG HOON JEON DIRECTOR 40.00
Officer
$23,000 $0 $23,000
CHAN KIM DIRECTOR 2.00
Director
$0 $0 $0
JUN HEE LEE DIRECTOR 0.00
Director
$0 $0 $0
SUNG LEE DIRECTOR 0.00
Director
$0 $0 $0
HONG KIM TREASURER 2.00
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 $107,297 $160,448 $70,047 $-53,151
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