KOREAN GOLF ASSOCIATION IN USA A NJ NONPROFIT CORPORATION (EIN 933740286) - 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

SUNGSU AHN

Phone

2019557800

Tax Period

2023-10-04 to 2023-12-31

KOREAN GOLF ASSOCIATION IN USA A NJ NONPROFIT CORPORATION, founded in 2023, is a micro nonprofit in the Recreation & Sports sector that reported $18K in total revenue in fiscal year 2023. The organization ran a surplus of $9K, a strong 53% operating margin.

Mission

TO ENHANCE PHYSICAL AND MENTAL HEALTH OF KOREAN AMERICAN GOLFERS THROUGH BI-MONTHLY OR MONTHLY GOLF OUTINGS FOR ADULTS, YOUNG ADULTS AND HIGHSCHOOL STUDENTS FOR SELECTING BEST CANDIDATES TO PARTICIPATE IN COMPETITIVE AMATEUR TOURNAMENTS REPRESENTING KOREAN AMERICAN GOLFERS LIVING IN NEW JERSERY AND ACROSS 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 (2023)

Revenue Breakdown

Contributions & Grants $17,815

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $17,815

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $8,452

Other Expenses $8,452

TOTAL EXPENSES $8,452

Year-over-Year Comparison

	2023	2022	Change
Revenue	$17,815	N/A	N/A
Expenses	$8,452	N/A	N/A
Net Income	$9,363	N/A	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

Governance

Voting Members

Independent Members

N/A

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
SUNGSU AHN	CHAIRMAN	N/A	Director	$0	$0	$0
JONGOK KIM	SECRETARY	N/A	Director	$0	$0	$0
EUN TONG KIM	TREASURER	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	No data	No data	No data	No data
2023	$17,815	$8,452	$9,363	$9,363

KOREAN GOLF ASSOCIATION IN USA A NJ NONPROFIT CORPORATION