THE KORB FAMILY FOUNDATION

EIN: 852353221 501(c)(3) Housing & Shelter

PALMDALE, CA

Total Revenue
$-143,895
Total Expenses
$192,475
Total Assets
$569,352
Net Assets
$569,352
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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
2020
Legal Domicile
CA
Principal Officer
DANIEL KORB
Phone
3104034893
Tax Period
2022-01-01 to 2022-12-31

THE KORB FAMILY FOUNDATION, founded in 2020, is a micro nonprofit in the Housing & Shelter sector that reported $144K in total revenue in fiscal year 2022. Revenue fell 149% from the prior year — a significant decline worth monitoring.

Mission

THE MISSION OF THE KORB FAMILY FOUNDATION IS TO PROVIDE THE COMMUNITY WITH QUALITY, LOW INCOME HOUSING

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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 (2022)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $-143,895
Other Revenue $0
TOTAL REVENUE $-143,895

Expense Breakdown

Grants Paid $0
Salaries & Benefits $192,036
Fundraising Expenses $0
Other Expenses $439
TOTAL EXPENSES $192,475

Year-over-Year Comparison

2022 2021 Change
Revenue $-143,895 $293,658 -1.5%
Expenses $192,475 $580 +330.9%
Net Income $-336,370 $293,078 -2.1%
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
1
Independent Members
1
Employees
1
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
1
$178,846
Total Directors
1
$178,846
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DANIEL KORB President 1.00
Officer Director
$178,846 $0 $178,846
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
2022 $-143,895 $192,475 $569,352 $-336,370
2021 $293,658 $580 $905,722 $293,078
2020 $601,000 $68 $600,932 $600,932
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