Gyeongbuk Government Office in Los Angeles

EIN: 882965274 Community Improvement

Los Angeles, CA

Total Revenue
$84,988
Total Expenses
$84,988
Total Assets
$32,843
Net Assets
$32,843
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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
CA
Principal Officer
SEOKKI KIM
Tax Period
2023-01-01 to 2023-12-31

Gyeongbuk Government Office in Los Angeles, founded in 2022, is a micro nonprofit in the Community Improvement sector that reported $85K in total revenue in fiscal year 2023. Revenue decreased 7% compared to the prior year.

Mission

PROMOTE TRADES BETWEEN STATE OF GYEONGBUK AND USA BY FREE CONSULTING OF LEGAL AND BUSINESS AFFAIRS

Program Service Accomplishments

Program 1
Expenses: $84,988 Revenue: $84,988

PROMOTION OF CONSULTING AND PROVIDING FREE INFORMATION TO THE USA AND STATE OF GYEONGBUK IN SOUTH KOREA

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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 (2023)

Revenue Breakdown

Contributions & Grants $84,988
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $84,988

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $84,988
Other Expenses $84,988
TOTAL EXPENSES $84,988

Year-over-Year Comparison

2023 2022 Change
Revenue $84,988 $91,145 -0.1%
Expenses $84,988 $90,142 -0.1%
Net Income $0 $1,003 -1.0%
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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Governance

Voting Members
2
Independent Members
N/A
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
SEOKKI KIM CEO 0.00
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
2023 $84,988 $84,988 $32,843 No data
2022 $91,145 $90,142 $1,003 $1,003
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