SHARON CENTER (EIN 911705866) - Form 990 Financial Analysis & Trantor Score

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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

1997

Legal Domicile

Principal Officer

MYONG B KIM

Phone

2535311111

Tax Period

2024-01-01 to 2024-12-31

SHARON CENTER, founded in 1997, is a small nonprofit in the Housing & Shelter sector that reported $115K in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $103K left a modest 10% surplus.

Mission

TO PROVIDE IMMEDIATE BASIC NEEDS TO BATTERED WOMEN AND HOMELESS PEOPLE.

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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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $114,524

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $114,524

Expense Breakdown

Grants Paid $16,096

Salaries & Benefits $18,273

Fundraising Expenses $0

Program Expenses $82,614

Other Expenses $69,018

TOTAL EXPENSES $103,387

Year-over-Year Comparison

	2024	2023	Change
Revenue	$114,524	$103,580	+0.1%
Expenses	$103,387	$61,493	+0.7%
Net Income	$11,137	$42,087	-0.7%

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

Governance

Voting Members

Independent Members

Employees

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MYONG B KIM	PRESIDENT	40.00	Officer Director	$0	$0	$0
BYEONG J KANG	VICE PREISDENT	0.00	Officer Director	$0	$0	$0
SANG HOU	SECRETARY	0.00	Officer Director	$0	$0	$0
KYONG YUN	TREASURER	0.00	Officer Director	$0	$0	$0
YOUNG SUB PARK	OFFICER	0.00	Officer 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
2024	$114,524	$103,387	$589,854	$11,137
2023	$103,580	$61,493	$578,717	$42,087
2022	$118,109	$114,386	$536,630	$3,723
2021	$95,861	$74,464	$532,907	$21,397
2020	$83,269	$89,267	$511,510	$-5,998
2019	$76,720	$87,585	$583,606	$-10,865
2018	$224,400	$67,084	$667,749	$157,316

SHARON CENTER