Korean Cultural Center Alaska (EIN 843622823) - 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

Key Getty

Phone

9075615345

Tax Period

2024-01-01 to 2024-12-31

Korean Cultural Center Alaska, founded in 2019, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $65K in total revenue in fiscal year 2024. Revenue decreased 14% compared to the prior year. The organization ran a surplus of $32K, a strong 49% operating margin.

Mission

The Korean Cultural Association of Alaska KCCA promotes sharing the cultural heritage of Korean and encouraging cross-cultural understanding through exchanging diverse cultural values to empower all people, build a bridge, and celebrate unity within our community.

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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 (2024)

Revenue Breakdown

Contributions & Grants $15,359

Program Service Revenue $463

Investment Income $1,379

Other Revenue $47,755

TOTAL REVENUE $64,956

Expense Breakdown

Grants Paid $3,641

Salaries & Benefits $5,050

Fundraising Expenses $505

Program Expenses $29,440

Other Expenses $24,737

TOTAL EXPENSES $33,428

Year-over-Year Comparison

	2024	2023	Change
Revenue	$64,956	$75,816	-0.1%
Expenses	$33,428	$23,890	+0.4%
Net Income	$31,528	$51,926	-0.4%

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

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

$5,050

Total Directors

$5,050

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Key Getty	President	45.00	Officer Director	$5,050	$0	$5,050
Jae J Yoon	President	5.00	Officer Director	$0	$0	$0
Paul Chin	Secretary	1.00	Officer Director	$0	$0	$0
Sue C Lee	Director	1.00	Director	$0	$0	$0
Sue Y Lee	Director	1.00	Director	$0	$0	$0
Sun Lee	Vice President	10.00	Officer Director	$0	$0	$0
Cera Choi	Director	0.50	Director	$0	$0	$0
Abraham So	Director	1.00	Director	$0	$0	$0
Kim Mahn	Director	0.50	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	$64,956	$33,428	$103,241	$31,528
2023	$75,816	$23,890	$67,366	$51,926

Korean Cultural Center Alaska