KOREAN CULTURE & ART OF MARYLAND INC

EIN: 823170141 501(c)(3) Arts, Culture & Humanities

ELLICOTT CITY, MD

Total Revenue
$82,685
Total Expenses
$85,639
Total Assets
$-2,954
Net Assets
$-2,954
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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

Principal Officer
MYUN-KI KIM
Phone
4438670464
Tax Period
2024-01-01 to 2024-12-31

KOREAN CULTURE & ART OF MARYLAND INC is a micro nonprofit in the Arts, Culture & Humanities sector that reported $83K in total revenue in fiscal year 2024.

Mission

THE PURPOSES FOR WHICH THE ORGANIZATION IS FORMED ARE AS FOLLOWS TO STUDY KOREAN CULTURE & ART TO SHARE WITH AMERICAN PUBLIC, AND LET THEM PARTICIPATE CULTURAL ACTIVITIES IN COMMUNITY AND SCHOOL.

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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 $82,685
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $82,685

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $38,584
Program Expenses $16,118
Other Expenses $47,055
TOTAL EXPENSES $85,639

Year-over-Year Comparison

2024 2023 Change
Revenue $82,685 N/A N/A
Expenses $85,639 N/A N/A
Net Income $-2,954 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

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Governance

Voting Members
N/A
Independent Members
5
Employees
N/A
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
0
$0
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MYUN-KI KIM OFFICER N/A
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 $82,685 $85,639 $-2,954 $-2,954
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