KOREAN SCHOOL OF ANN ARBOR

EIN: 873753501 501(c)(3) Education

Ann Arbor, MI

Total Revenue
$50,455
Total Expenses
$34,457
Total Assets
$20,298
Net Assets
$20,298
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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
2021
Legal Domicile
MI
Principal Officer
JOHN Y SHIM
Phone
7346575510
Tax Period
2024-01-01 to 2024-12-31

KOREAN SCHOOL OF ANN ARBOR, founded in 2021, is a micro nonprofit in the Education sector that reported $50K in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion. The organization ran a surplus of $16K, a strong 32% operating margin.

Mission

TEACHING KOREAN LANGUAGE AND CULTURE

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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 (2024)

Revenue Breakdown

Contributions & Grants $49,861
Program Service Revenue $0
Investment Income $0
Other Revenue $594
TOTAL REVENUE $50,455

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $34,457
TOTAL EXPENSES $34,457

Year-over-Year Comparison

2024 2023 Change
Revenue $50,455 $43,542 +0.2%
Expenses $34,457 $32,021 +0.1%
Net Income $15,998 $11,521 +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

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Governance

Voting Members
5
Independent Members
5
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
1
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOHN Y SHIM PRESIDENT 040.00
Officer
$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
2025 No data No data No data No data
2024 $50,455 $34,457 $20,298 $15,998
2023 $43,542 $32,021 $21,596 $11,521
2022 $27,242 $17,167 $10,075 $10,075
2021 No data No data No data No data
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