THIS ABILITY FOUNDATION (EIN 821096547) - 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

2017

Legal Domicile

Principal Officer

JENNIFER KIM

Phone

6265332111

Tax Period

2023-01-01 to 2023-12-31

THIS ABILITY FOUNDATION, founded in 2017, is a small nonprofit in the Arts, Culture & Humanities sector that reported $217K in total revenue in fiscal year 2023.

Mission

THIS ABILITY FOUNDATION PROVIDES PROGRAMS AND CLASSES IN EXPRESSIVE ARTS THAT ARE TAILORED TO INDIVIDUALS WITH DIFFERING ABILITIES.

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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 $217,489

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $217,489

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $199,073

Other Expenses $211,425

TOTAL EXPENSES $211,425

Year-over-Year Comparison

	2023	2022	Change
Revenue	$217,489	N/A	N/A
Expenses	$211,425	N/A	N/A
Net Income	$6,064	N/A	N/A

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JENNIFER KIM	CEO	2.00	Officer	$0	$0	$0
SUNHEE LEE KOH	CFO	2.00	Officer	$0	$0	$0
HYUN JU PARK	Secretary	10.00	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
2023	$217,489	$211,425	$31,037	$6,064

THIS ABILITY FOUNDATION