WORLD CARP INC (EIN 912085449) - 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

2000

Legal Domicile

Principal Officer

HYUNG KI KIM

Phone

2014084395

Tax Period

2023-01-01 to 2023-12-31

WORLD CARP INC, founded in 2000, is a community nonprofit in the Religion sector that reported $1.0M in total revenue in fiscal year 2023. Expenses of $1.2M exceeded revenue, resulting in a 19% operating deficit.

Mission

WORLD CARP IS AN INTERNATIONAL CAMPUS-BASED ORGANIZATION THAT RAISES YOUNG LEADERS OF CHARACTER WHO LIVE FOR THE GREATER GOOD AND BUILD A CULTURE OF TRUE LOVE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,046,913

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,046,913

Expense Breakdown

Grants Paid $147,384

Salaries & Benefits $458,485

Fundraising Expenses $316,178

Program Expenses $773,699

Other Expenses $643,187

TOTAL EXPENSES $1,249,056

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,046,913	$1,051,309	0.0%
Expenses	$1,249,056	$838,633	+0.5%
Net Income	$-202,143	$212,676	-2.0%

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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

N/A

Employees

Volunteers

168

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

$256,500

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HYUNG KI KIM	PRESIDENT/TR	40.00	Officer	$154,000	$0	$154,000
YOUNG E KIM-CHAE	DIRECTOR	40.00	Officer	$59,000	$0	$59,000
JEAN E VILLAR	DIRECTOR	40.00	Officer	$32,500	$0	$32,500
JOYCE C PUBLICO	DIRECTOR	40.00	Officer	$11,000	$0	$11,000
INSOO KIM	VICE PRESIDE	N/A	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	$1,046,913	$1,249,056	$1,253,362	$-202,143
2022	$1,051,309	$838,633	$1,455,505	$212,676
2021	$560,302	$609,634	$1,242,829	$-49,332
2020	$635,662	$750,815	$1,342,983	$-115,153
2019	$1,795,365	$1,617,626	$1,407,314	$177,739
2018	$1,370,588	$1,128,187	$1,247,575	$242,401

WORLD CARP INC