KOREAN AMERICAN LEGACY FOUNDATION

EIN: 921591368 501(c)(3)

BUENA PARK, CA

Total Revenue
$146,007
Total Expenses
$122,663
Total Assets
$23,344
Net Assets
$23,344
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2022
Legal Domicile
CA
Principal Officer
MARN J CHA
Phone
7142427280
Tax Period
2023-01-01 to 2023-12-31

KOREAN AMERICAN LEGACY FOUNDATION, founded in 2022, is a small nonprofit that reported $146K in total revenue in fiscal year 2023. The organization ran a surplus of $23K, a strong 16% operating margin.

Mission

THE SPECIFIC PURPOSE OF THIS CORPORATION IS TO ENGAGE IN AND PRODUCE COMPARATIVE STUDIES AND RESEARCH CONCERNING HISTORICAL SIGHTS IN UNITED STATE TO DISCOVER, RESTORE AND MAINTAIN THOSE PROPERTIES FOR FURTHER RESEARCH AND STUDY.

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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 $146,007
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $146,007

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $68,647
Other Expenses $122,663
TOTAL EXPENSES $122,663

Year-over-Year Comparison

2023 2022 Change
Revenue $146,007 N/A N/A
Expenses $122,663 N/A N/A
Net Income $23,344 $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
3
Independent Members
3
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
3
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARN J CHA C.E.O. 5.00
Officer
$0 $0 $0
JUNHAK LEE SECRETARY 5.00
Officer
$0 $0 $0
HAYDEN PARK C.F.O. 5.00
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 $146,007 $122,663 $23,344 $23,344
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