HOUSE OF KOREA INC (EIN 901028223) - Form 990 Financial Analysis & Trantor Score

🔒

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

Financial Trends

Organization Details

Formation Year

2013

Legal Domicile

Principal Officer

JUNG JOO HWANG

Phone

8584420802

Tax Period

2023-01-01 to 2023-12-31

HOUSE OF KOREA INC, founded in 2013, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $62K in total revenue in fiscal year 2023. Revenue fell 29% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $21K, a strong 34% operating margin.

Mission

TO FOSTER PUBLIC LEARNING OF KOREAN ART, CULTURE, HISTORY AND VALUE, AS VOLUNTEER AMBASSADORS OF KOREAN CULTURES AT THE HOUSE OF KOREA COTTAGE IN BALBOA PARK

🔒

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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $61,508

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $61,508

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $25,830

Program Expenses $6,460

Other Expenses $40,678

TOTAL EXPENSES $40,678

Year-over-Year Comparison

	2023	2022	Change
Revenue	$61,508	$87,183	-0.3%
Expenses	$40,678	$50,413	-0.2%
Net Income	$20,830	$36,770	-0.4%

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

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

374

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JUNG JOO HWANG	PRESIDENT	20.00	Officer Director	$0	$0	$0
BILL LUKSIC	VICE PRESIDENT	15.00	Officer Director	$0	$0	$0
JINYOUNG MIN	VICE PRESIDENT	15.00	Officer Director	$0	$0	$0
JINYOUNG MIN	TREASURER	15.00	Officer Director	$0	$0	$0
MiYoung Hyun	SECRETARY	15.00	Officer Director	$0	$0	$0
YOUNG-SHIN LEE	BOARD OF DIRECTORS	10.00	Director	$0	$0	$0
DOHEE LEE	BOARD OF DIRECTORS	10.00	Director	$0	$0	$0
PATRICK ROCHE	BOARD OF DIRECTORS	15.00	Director	$0	$0	$0
MIYEONG LEE	BOARD OF DIRECTORS	15.00	Director	$0	$0	$0
KAY KYOUNGRA KIM	BOARD OF DIRECTORS	10.00	Director	$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	$61,508	$40,678	$138,010	$20,830
2022	$87,183	$50,413	$98,912	$36,770
2021	$53,245	$155,691	$62,142	$-102,446
2020	$90,553	$7,907	$164,588	$82,646
2019	$154,070	$203,752	$220,940	$-49,682
2018	$165,398	$69,998	$270,622	$95,400

HOUSE OF KOREA INC