KOREAN ASSOCIATION GREENVILLE SC

EIN: 882087048 Community Improvement

GREER, SC

Total Revenue
$28,225
Total Expenses
$10,719
Total Assets
$17,506
Net Assets
$17,506
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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
2022
Legal Domicile
SC
Principal Officer
TAE DONG HAN J
Phone
7047800754
Tax Period
2022-01-01 to 2022-12-31

KOREAN ASSOCIATION GREENVILLE SC, founded in 2022, is a micro nonprofit in the Community Improvement sector that reported $28K in total revenue in fiscal year 2022. The organization ran a surplus of $18K, a strong 62% operating margin.

Mission

Establish effective and productive means for improvement of welfare and membership in the Korean American Business Community in Greenville, SC and vicinity through continuous efforts on exchange of information, coordination, publication, statistical research, and consultation.

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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 $28,225
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $28,225

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $10,719
TOTAL EXPENSES $10,719

Year-over-Year Comparison

2022 2021 Change
Revenue $28,225 N/A N/A
Expenses $10,719 N/A N/A
Net Income $17,506 N/A N/A
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
2
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TAE DONG HAN J President 15.00
Officer
$0 $0 $0
BRUCE KO Vice President 15.00
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
2022 $28,225 $10,719 $17,506 $17,506
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