KOREAN AMERICAN FOUNDATION

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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

2018

Legal Domicile

Principal Officer

KEVIN KANG

Phone

2137922301

Tax Period

2023-10-01 to 2024-09-30

KOREAN AMERICAN FOUNDATION, founded in 2018, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $1.0M in total revenue in fiscal year 2023. Revenue decreased 10% compared to the prior year. The organization ran a surplus of $598K, a strong 57% operating margin.

Mission

None

Program Service Accomplishments

Program 1

KAF fulfills its mission and vision by raising and stewarding funds in order to strategically give back to the community through the administration of grants to nonprofits whose work address the most...

Program 2

KAF provides fundholder services, assisting with gift administration and providing expertise based on the donor's philanthropic interests.

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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 $916,878

Program Service Revenue $0

Investment Income $132,975

Other Revenue $33

TOTAL REVENUE $1,049,886

Expense Breakdown

Grants Paid $330,492

Salaries & Benefits $15,366

Fundraising Expenses $0

Program Expenses $330,492

Other Expenses $105,726

TOTAL EXPENSES $451,584

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,049,886	$1,172,842	-0.1%
Expenses	$451,584	$550,142	-0.2%
Net Income	$598,302	$622,700	0.0%

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

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	Role	Reportable Comp	Other Comp	Total
JOHN LIM	SECRETARY	Officer Director	$0	$0	$0
KEVIN KANG	CHIEF EXECUTIVE OFFICER/CHAIRMAN	Officer Director	$0	$0	$0
DAVID LEE	BOARD MEMBER	Director	$0	$0	$0
ROBIN KIM	BOARD MEMBER	Director	$0	$0	$0
THOMAS HAN	BOARD MEMBER	Director	$0	$0	$0
JERRY KANG	BOARD MEMBER	Director	$0	$0	$0
ALBERT JANG	CHIEF FINANCIAL OFFICER/TREASURER	Officer Director	$0	$0	$0
KAE H KO	BOARD MEMBER/ INTERIM EXECUTIVE DIRECTOR	Director	$0	$0	$0
JOANNE KIM	BOARD MEMBER	Director	$0	$0	$0
TERRI MOSQUEDA	BOARD MEMBER	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	$1,049,886	$451,584	$4,375,160	$598,302
2023	$1,172,842	$550,142	$2,737,739	$622,700
2022	$2,358,281	$571,745	$2,042,303	$1,786,536