SK FOUNDATION USA INC (EIN 842344419) - 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

2019

Legal Domicile

Principal Officer

DARLENE ANKERBERG

Phone

4237570274

Tax Period

2024-01-01 to 2024-12-31

SK FOUNDATION USA INC, founded in 2019, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $377K in total revenue in fiscal year 2024. Revenue fell 93% from the prior year — a significant decline worth monitoring. Expenses of $497K exceeded revenue, resulting in a 32% operating deficit.

Mission

SK FOUNDATION'S MISSION IS TO PROVIDE FINANCIAL SUPPORT FOR MINISTRY AND RELATED WORK PROVIDED BY OTHERS ABROAD. THE FOUNDATION ADOPTS THESE PRINCIPLES AND GUIDELINES TO ASSIST IT TO EXERCISE NECESSARY CONTROL OVER SUPPORT PROVIDED FOR SUCH WORK.

🔒

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 $0

Program Service Revenue $0

Investment Income $367,818

Other Revenue $9,432

TOTAL REVENUE $377,250

Expense Breakdown

Grants Paid $430,000

Salaries & Benefits $0

Fundraising Expenses $20,320

Program Expenses $430,854

Other Expenses $67,074

TOTAL EXPENSES $497,074

Year-over-Year Comparison

	2024	2023	Change
Revenue	$377,250	$5,298,338	-0.9%
Expenses	$497,074	$767,637	-0.4%
Net Income	$-119,824	$4,530,701	-1.0%

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

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
DR JOHN ANKERBERG	MEMBER	10.00	Director	$0	$0	$0
JEFFREY PALLANSCH	MEMBER	5.00	Director	$0	$0	$0
DARLENE ANKERBERG	CHAIRMAN OF THE BOARD	15.00	Officer Director	$0	$0	$0
SATISH KUMAR	PRESIDENT/FOUNDER	10.00	Officer Director	$0	$0	$0
DEBBIE PARSONS	SECRETARY	5.00	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	$377,250	$497,074	$9,842,892	$-119,824
2023	$5,298,338	$767,637	$9,962,716	$4,530,701
2022	$1,000	$1,383,768	$4,416,831	$-1,382,768
2021	$6,150,082	$350,526	$5,799,599	$5,799,556

SK FOUNDATION USA INC