KOREATOWN YOUTH AND COMMUNITY CENTER (EIN 953779389) - 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

1982

Legal Domicile

Principal Officer

JOE ST JOHN

Phone

2133657400

Tax Period

2022-07-01 to 2023-06-30

KOREATOWN YOUTH AND COMMUNITY CENTER, founded in 1982, is a mid-sized nonprofit in the Human Services sector that reported $17.2M in total revenue in fiscal year 2022. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $16.2M left a modest 6% surplus.

Mission

TO PROVIDE A CONTINUUM OF COMMUNITY-BASED SERVICES TO THE CHILDREN AND FAMILIES OF KOREATOWN.

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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 (2022)

Revenue Breakdown

Contributions & Grants $15,228,177

Program Service Revenue $1,909,385

Investment Income $0

Other Revenue $26,656

TOTAL REVENUE $17,164,218

Expense Breakdown

Grants Paid $0

Salaries & Benefits $10,729,382

Fundraising Expenses $745,191

Program Expenses $15,443,688

Other Expenses $5,487,096

TOTAL EXPENSES $16,216,478

Year-over-Year Comparison

	2022	2021	Change
Revenue	$17,164,218	$15,289,972	+0.1%
Expenses	$16,216,478	$14,396,483	+0.1%
Net Income	$947,740	$893,489	+0.1%

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

244

Volunteers

1926

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

$441,705

Total Directors

Key Employees

$188,651

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TED KIM	PRESIDENT	2.00	Director	$0	$0	$0
TEDDY ZEE	VICE PRESIDENT	2.00	Director	$0	$0	$0
FRANK LOPEZ	SECRETARY	2.00	Director	$0	$0	$0
VIVIAN I KIM	TREASURER	2.00	Director	$0	$0	$0
WONTAE CHA	BOARD OF DIRECTOR	2.00	Director	$0	$0	$0
EDWARD K KIM	BOARD OF DIRECTOR	2.00	Director	$0	$0	$0
KAREN S KIM	BOARD OF DIRECTOR	2.00	Director	$0	$0	$0
PAUL TKIM	BOARD OF DIRECTOR	2.00	Director	$0	$0	$0
PETE KIM	BOARD OF DIRECTOR	2.00	Director	$0	$0	$0
RICHARD KIM	BOARD OF DIRECTOR	2.00	Director	$0	$0	$0
SANDRA LEE	BOARD OF DIRECTOR	2.00	Director	$0	$0	$0
JONG C KIM	BOARD OF DIRECTOR	2.00	Director	$0	$0	$0
EDWARD PAI PHD	BOARD OF DIRECTOR	2.00	Director	$0	$0	$0
FRANCES PARK ESQ	BOARD OF DIRECTOR	2.00	Director	$0	$0	$0
NITA SONG	BOARD OF DIRECTOR	2.00	Director	$0	$0	$0
PATRICIA L WATTS	BOARD OF DIRECTOR	2.00	Director	$0	$0	$0
BETTIE J WOODS	BOARD OF DIRECTOR	2.00	Director	$0	$0	$0
JOHNG HO SONG	EXECUTIVE DIRECTOR	40.00	Officer	$219,135	$50,235	$269,370
JOSEPH ST JOHN	CHIEF OPERATING OFFCER	40.00	Officer	$149,284	$23,051	$172,335
FRANCESCA LERUE	CHIEF PROGRAM DIRECTOR	40.00	Key Emp	$157,028	$31,623	$188,651

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	$17,164,218	$16,216,478	$10,385,335	$947,740
2022	$15,289,972	$14,396,483	$7,369,256	$893,489
2021	$13,191,369	$12,775,768	$5,959,356	$415,601
2020	$10,654,608	$10,477,215	$6,724,074	$177,393
2019	$10,132,093	$9,764,491	$5,235,396	$367,602
2018	$8,607,171	$8,346,779	$4,793,771	$260,392

KOREATOWN YOUTH AND COMMUNITY CENTER