KOREAN INSTITUTE OF SOUTHERN CA (EIN 953260609) - 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

1979

Legal Domicile

Principal Officer

DANIEL PARK

Phone

3239372083

Tax Period

2023-08-01 to 2024-07-31

KOREAN INSTITUTE OF SOUTHERN CA, founded in 1979, is a community nonprofit in the Education sector that reported $1.4M in total revenue in fiscal year 2023. Revenue surged 69% from the prior year, signaling strong growth momentum. Expenses of $1.3M left a modest 8% surplus.

Mission

KOREAN LANGUAGE AND CULTURE.

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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 $135,250

Program Service Revenue $1,178,161

Investment Income $0

Other Revenue $78,470

TOTAL REVENUE $1,391,881

Expense Breakdown

Grants Paid $0

Salaries & Benefits $636,978

Fundraising Expenses $0

Program Expenses $884,279

Other Expenses $640,959

TOTAL EXPENSES $1,277,937

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,391,881	$825,284	+0.7%
Expenses	$1,277,937	$916,951	+0.4%
Net Income	$113,944	$-91,667	-2.2%

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

138

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
KI RYOW	SECRETARY	N/A	Officer	$0	$0	$0
DANIEL PARK	PRESIDENT	N/A	Officer	$0	$0	$0
HO SUK GANG	CFO	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	$1,391,881	$1,277,937	$2,192,088	$113,944
2023	$825,284	$916,951	$2,129,711	$-91,667
2022	$833,258	$817,287	$2,094,210	$15,971
2021	$885,752	$747,810	$2,075,100	$137,942
2020	$1,177,458	$911,581	$1,978,031	$265,877
2019	$902,134	$1,099,332	$1,984,316	$-197,198
2018	$1,361,626	$1,371,975	$1,970,161	$-10,349

KOREAN INSTITUTE OF SOUTHERN CA