KOREAN REGISTER OF SHIPPING INC

EIN: 931195791 Employment

BUENA PARK, CA

Total Revenue
$422,387
Total Expenses
$407,040
Total Assets
$51,361
Net Assets
$48,780
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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
JAEHYUN KIM
Phone
3109388943
Tax Period
2023-01-01 to 2023-12-31

KOREAN REGISTER OF SHIPPING INC, founded in 2022, is a small nonprofit in the Employment sector that reported $422K in total revenue in fiscal year 2023. Revenue surged 22% from the prior year, signaling strong growth momentum. Expenses of $407K left a modest 4% surplus.

Mission

CONSULTING AND PROVIDING SAFETY INSPECTION FOR COMMERCIAL SHIP

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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 $0
Program Service Revenue $410,000
Investment Income $12,387
Other Revenue $0
TOTAL REVENUE $422,387

Expense Breakdown

Grants Paid $0
Salaries & Benefits $202,251
Fundraising Expenses $0
Program Expenses $122,342
Other Expenses $204,789
TOTAL EXPENSES $407,040

Year-over-Year Comparison

2023 2022 Change
Revenue $422,387 $345,000 +0.2%
Expenses $407,040 $371,866 +0.1%
Net Income $15,347 $-26,866 -1.6%
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
N/A
Employees
3
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
1
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JAEHYUN KIM DIRECTOR 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
2025 No data No data No data No data
2024 No data No data No data No data
2023 $422,387 $407,040 $51,361 $15,347
2022 $345,000 $371,866 $50,054 $-26,866
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