KOREAN AMERICAN CULTURE AND ARTS INC (EIN 932255227) - 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

2023

Legal Domicile

Principal Officer

WILLIAM Y KIM

Phone

2125949034

Tax Period

2024-01-01 to 2024-12-31

KOREAN AMERICAN CULTURE AND ARTS INC, founded in 2023, is a small nonprofit in the Arts, Culture & Humanities sector that reported $275K in total revenue in fiscal year 2024. Revenue surged 570% from the prior year, signaling strong growth momentum. Expenses of $236K left a modest 14% surplus.

Mission

TO EXPAND CULTURAL EXCHANGE THROUGH EXHIBITIONS, PERFORMANCES, FASHION SHOWS,CULINARY EVENTS, DISTRIBUTION OF PUBLICATIONS, AND OTHER ARTISTIC ENDEAVORS BETWEEN KOREA AND THE UNITED STATES

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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 $274,528

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $274,528

Expense Breakdown

Grants Paid $355

Salaries & Benefits $0

Fundraising Expenses $7,743

Program Expenses $223,411

Other Expenses $235,983

TOTAL EXPENSES $236,338

Year-over-Year Comparison

	2024	2023	Change
Revenue	$274,528	$40,957	+5.7%
Expenses	$236,338	$77,815	+2.0%
Net Income	$38,190	$-36,858	-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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JONG HOON BAE	PRESIDENT/DI	N/A	Officer Director	$0	$0	$0
KWANG KI KIM	DIRECTOR	N/A	Director	$0	$0	$0
WILLIAM Y KIM	TREASURER/DI	N/A	Officer Director	$0	$0	$0
DANA Y LEE	DIRECTOR	N/A	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	$274,528	$236,338	$6,332	$38,190
2023	$40,957	$77,815	$8,142	$-36,858

KOREAN AMERICAN CULTURE AND ARTS INC