NEW KOREA FOUNDATION INTERNATIONAL

EIN: 883166362 501(c)(3) International Affairs

Robbinsdale, MN

Total Revenue
$376,598
Total Expenses
$376,598
Total Assets
$374,625
Net Assets
N/A
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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
Kenneth Bae
Phone
7637323640
Tax Period
2023-01-01 to 2023-12-31

NEW KOREA FOUNDATION INTERNATIONAL, founded in 2022, is a small nonprofit in the International Affairs sector that reported $377K in total revenue in fiscal year 2023.

Mission

We actively provide Christian led compassionate care, education, and resource networking to help restore and rebuild the lives of North Korean refugees today, preparing them to be the hands of change in the future.

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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 $376,598
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $376,598

Expense Breakdown

Grants Paid $208,400
Salaries & Benefits $41,389
Fundraising Expenses $0
Program Expenses $261,000
Other Expenses $126,809
TOTAL EXPENSES $376,598

Year-over-Year Comparison

2023 2022 Change
Revenue $376,598 N/A N/A
Expenses $376,598 N/A N/A
Net Income $0 $0 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
3
Volunteers
1

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
6
$30,000
Total Directors
2
$0
Key Employees
3
$30,000
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Richard Nelson CMO 20
Officer Key Emp
$12,000 $0 $12,000
Kenneth Bae CEO, President 40
Officer Key Emp
$9,000 $0 $9,000
Kelly Sadler CAO, Office Administrator 40
Officer Key Emp
$9,000 $0 $9,000
Young Kim Director of Missions 5
Officer Director
$0 $0 $0
Ben Kim Director of Technology 10
Officer Director
$0 $0 $0
Heather Castro CFO 5
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
2024 No data No data No data No data
2023 $376,598 $376,598 $374,625 No data
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