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
🔒

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

Sign In — Free (10 views/day)

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

TO PROVIDE SUPPORT TO THE COMMUNITY, SPECIFICALLY INDIVIDUALS IN NEED.

Program Service Accomplishments

Program 1

THE MAJOR ACCOMPLISHMENTS FOR THE KORB FAMILY FOUNDATION WAS TO CONTINUE TO ESTABLISH OUR WEBSITE AND OBTAIN FUNDING FOR THE FOUNDATION.

🔒

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%)

Sign In — Free (10 views/day)

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
🔒

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

Sign In

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
Explore More Nonprofits
→Top 100 Nonprofits in California →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare THE KORB FAMILY FOUNDATION with other nonprofits in California and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.