KOREATOWN PLANNING COMMITTEE BOARD INC

EIN: 834431937 501(c)(3) Arts, Culture & Humanities

CLARKSVILLE, MD

Total Revenue
$5,100
Total Expenses
$14,363
Total Assets
$29,682
Net Assets
$29,682
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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
MD
Principal Officer
SOO PARK
Phone
3015323778
Tax Period
2024-01-01 to 2024-12-31

KOREATOWN PLANNING COMMITTEE BOARD INC, founded in 2019, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $5K in total revenue in fiscal year 2024. Revenue fell 67% from the prior year — a significant decline worth monitoring. Expenses of $14K exceeded revenue, resulting in a 182% operating deficit.

Mission

PROMOTING KOREAN AMERICAN CULTURE AND HISTORY

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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 $5,100
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $5,100

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $14,363
Other Expenses $14,363
TOTAL EXPENSES $14,363

Year-over-Year Comparison

2024 2023 Change
Revenue $5,100 $15,291 -0.7%
Expenses $14,363 $26,664 -0.5%
Net Income $-9,263 $-11,373 -0.2%
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
13
Independent Members
13
Employees
N/A
Volunteers
13

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
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
NONE NONE N/A
$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 $5,100 $14,363 $29,682 $-9,263
2023 $15,291 $26,664 $38,945 $-11,373
2022 $70,999 $120,078 $50,318 $-49,079
2021 $280,906 $368,936 $99,396 $-88,030
2020 $305,884 $193,190 $187,426 $112,694
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