WOORI CENTER (EIN 844038784) - 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

2018

Legal Domicile

Principal Officer

HYEONOCK LEE

Phone

2674815153

Tax Period

2023-07-01 to 2024-06-30

WOORI CENTER, founded in 2018, is a small nonprofit in the Human Services sector that reported $515K in total revenue in fiscal year 2023. Revenue grew 18% year-over-year, indicating healthy expansion. The organization ran a surplus of $103K, a strong 20% operating margin.

Mission

TO ORGANIZE KOREAN AND ASIAN AMERICANS TO ACHIEVE SOCIAL, RACIAL, AND ECONOMIC JUSTICE.

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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 $495,019

Program Service Revenue $0

Investment Income $0

Other Revenue $20,076

TOTAL REVENUE $515,095

Expense Breakdown

Grants Paid $1,408

Salaries & Benefits $228,978

Fundraising Expenses $8,338

Program Expenses $323,786

Other Expenses $181,921

TOTAL EXPENSES $412,307

Year-over-Year Comparison

	2023	2022	Change
Revenue	$515,095	$437,836	+0.2%
Expenses	$412,307	$393,970	+0.0%
Net Income	$102,788	$43,866	+1.3%

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

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

$121,346

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EDWARD CHONGKUK LEE	BOARD CHAIR & TREASURER	1.00	Officer Director	$0	$0	$0
MINSUN LEE	SECRETARY	1.00	Officer Director	$0	$0	$0
MICHELLE KIM	CHAIR OF MEMBERSHIP & COMMUNITY ENGAGEMENT	1.00	Director	$0	$0	$0
SEONGHO AN	BOARD MEMBER	1.00	Director	$0	$0	$0
KYONG CHI KIM	BOARD MEMBER	1.00	Director	$0	$0	$0
SUNGKYU KIM	BOARD MEMBER	1.00	Director	$0	$0	$0
O DAL KWON	BOARD MEMBER	1.00	Director	$0	$0	$0
JOON LEE	BOARD MEMBER	1.00	Director	$0	$0	$0
SOOHYUN OH	BOARD MEMBER	1.00	Director	$0	$0	$0
HYEONOCK LEE	EXECUTIVE DIRECTOR	40.00	Officer	$65,346	$0	$65,346
KATE FIRESTONE	PROGRAM MANAGER	40.00	Officer	$56,000	$0	$56,000

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	$515,095	$412,307	$409,137	$102,788
2023	$437,836	$393,970	$436,423	$43,866

WOORI CENTER