Korean American National Museum Inc (EIN 954432022) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1991

Legal Domicile

Phone

2133884229

Tax Period

2024-01-01 to 2024-12-31

Korean American National Museum Inc, founded in 1991, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $36K in total revenue in fiscal year 2024. Revenue fell 32% from the prior year — a significant decline worth monitoring. Expenses of $133K exceeded revenue, resulting in a 269% operating deficit.

Mission

PRESERVE AND INTERPRET THE HISTORY, EXPERIENCES, CULTURE AND ACHIEVEMENTS OF AMERICANS OF KOREAN ANCESTRY.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $25,000

Program Service Revenue $0

Investment Income $11,151

Other Revenue $0

TOTAL REVENUE $36,151

Expense Breakdown

Grants Paid $0

Salaries & Benefits $54,764

Fundraising Expenses $8,982

Program Expenses $42,677

Other Expenses $78,670

TOTAL EXPENSES $133,434

Year-over-Year Comparison

	2024	2023	Change
Revenue	$36,151	$53,543	-0.3%
Expenses	$133,434	$153,822	-0.1%
Net Income	$-97,283	$-100,279	0.0%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

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

$47,500

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Shinae Yoon	Executive Director	40.00	Officer	$47,500	$0	$47,500
Jae Min Chang	Chairman	5.00	Director	$0	$0	$0
Kay Song	Director	1.00	Director	$0	$0	$0
Hun Cha Lee	Director	0.00	Director	$0	$0	$0
John Lim	Secretary	5.00	Director	$0	$0	$0
Michelle Moon	Director	0.00	Director	$0	$0	$0
Byung Chan Ahn	Treasurer	0.00	Director	$0	$0	$0
Erina Shawnie Kwon	Director	0.00	Director	$0	$0	$0
David Ryu	Director	0.00	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	$36,151	$133,434	$7,007,942	$-97,283
2023	$53,543	$153,822	$7,109,738	$-100,279
2022	$569,774	$146,658	$7,210,297	$423,116
2021	$274,141	$143,879	$7,343,363	$130,262
2020	$197,424	$136,925	$7,443,183	$60,499
2019	$2,437,418	$157,414	$3,372,230	$2,280,004
2018	$14,481	$2,534,804	$1,091,502	$-2,520,323

Korean American National Museum Inc