LAKBC (EIN 824864117) - 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

2019

Legal Domicile

Principal Officer

CONNIE KIM

Phone

2135001123

Tax Period

2019-01-01 to 2019-12-31

LAKBC, founded in 2019, is a small nonprofit that reported $176K in total revenue in fiscal year 2019. Revenue surged 134% from the prior year, signaling strong growth momentum. The organization ran a surplus of $109K, a strong 62% operating margin.

Mission

The mission of this organization is to provide the opportunity for members to play badminton, to develop and improve their skills, and to participate in training and competitive matches in the club and open local tournaments.

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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 (2019)

Revenue Breakdown

Contributions & Grants $87,968

Program Service Revenue $87,968

Investment Income $0

Other Revenue $0

TOTAL REVENUE $175,936

Expense Breakdown

Grants Paid $331

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $67,054

TOTAL EXPENSES $67,385

Year-over-Year Comparison

	2019	2018	Change
Revenue	$175,936	$75,154	+1.3%
Expenses	$67,385	$79,691	-0.2%
Net Income	$108,551	$-4,537	-24.9%

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

Employees

N/A

Volunteers

100

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
JEONG S PARK	CHIEF EXECUTIVE OFFICER	10.00	Officer	$0	$0	$0
NICKIE KIM	SECRETARY	10.00	Officer	$0	$0	$0
NICKIE KIM	CHIEF FINANCIAL OFFICER	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
2019	$175,936	$67,385	No data	$108,551
2019	$87,968	$67,385	No data	$20,583

LAKBC