GLOBAL COOPERATION FOR ADVANCEMENT… - Form 990 Financial Data

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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

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

Program Service Accomplishments

Program 1

Expenses: $29,529

GIRLS BOARDING IS ESTABLISHED TO GIVE MORE EDUCATIONAL OPPORTUNITIES, SPECIAL CARES, DORMITORIES, AND AFTER SCHOOL PROGRAMS IN MIDDLE AND HIGH SCHOOL AT AWASH, ETHIOPIA.

Program 2

Expenses: $77,030

GCA PROVIDES KINDERGARTEN PROGRAMS, EDUCATION, CLASSROOMS, FOODS, AND SAFE PLAYING GROUND FOR CHILDREN AND MUSLIM FAMILIES IN AFAR NOMADIC PASTORAL COMMUNITY

Program 3

Expenses: $24,642

SUPPORTING MISSIONARY AND OTHER VARIOUS MISSION PROJECTS

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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 (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

Governance

Voting Members

Independent Members

N/A

Employees

N/A

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

$23,000

Total Directors

Key Employees

Highest Compensated

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

GLOBAL COOPERATION FOR ADVANCEMENT INC