BAEK AK ALUMNI ASSOCIATION INC (EIN 823249610) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2017

Legal Domicile

Principal Officer

ALLEN HONG

Phone

2133842211

Tax Period

2024-01-01 to 2024-12-31

BAEK AK ALUMNI ASSOCIATION INC, founded in 2017, is a micro nonprofit in the Education sector that reported $12K in total revenue in fiscal year 2024. Revenue fell 58% from the prior year — a significant decline worth monitoring. Expenses of $14K exceeded revenue, resulting in a 24% operating deficit.

Mission

The mission of Baek Ak Alumni Association, Inc. is founded to maintain a lasting relationship between the graduated and the school by fostering the on-going mission of the school

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $11,600

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $11,600

Expense Breakdown

Grants Paid $2,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $13,699

Other Expenses $12,347

TOTAL EXPENSES $14,347

Year-over-Year Comparison

	2024	2023	Change
Revenue	$11,600	$27,950	-0.6%
Expenses	$14,347	$25,434	-0.4%
Net Income	$-2,747	$2,516	-2.1%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NATHAN KWAK	PRESIDENT	010.00	Officer Director	$0	$0	$0
ALLEN HONG	SECRETARY	010.00	Officer 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	$11,600	$14,347	$8,135	$-2,747
2023	$27,950	$25,434	$10,882	$2,516
2022	$13,700	$16,097	$8,366	$-2,397
2021	$20,250	$12,800	$10,763	$7,450
2020	$11,200	$9,546	$3,313	$1,654
2019	$7,923	$12,131	$1,659	$-4,208
2018	$31,170	$27,959	$5,867	$3,211

BAEK AK ALUMNI ASSOCIATION INC