Korean Heritage Scholarship Foundation

EIN: 954459495 501(c)(3) Education

Los Angeles, CA

Total Revenue
$58,110
Total Expenses
$39,007
Total Assets
$1,211,367
Net Assets
$1,211,367
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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

Phone
2133804646
Tax Period
2024-01-01 to 2024-12-31

Korean Heritage Scholarship Foundation is a micro nonprofit in the Education sector that reported $58K in total revenue in fiscal year 2024. The organization ran a surplus of $19K, a strong 33% operating margin.

Mission

Scholarship Paid

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $2,000
Program Service Revenue $0
Investment Income $56,110
Other Revenue $0
TOTAL REVENUE $58,110

Expense Breakdown

Grants Paid $30,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $30,000
Other Expenses $9,007
TOTAL EXPENSES $39,007

Year-over-Year Comparison

2024 2023 Change
Revenue $58,110 $58,980 0.0%
Expenses $39,007 $41,099 -0.1%
Net Income $19,103 $17,881 +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

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Governance

Voting Members
3
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
0
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Hyung Jin Park President 0.00
Director
$0 $0 $0
Anna Cho Secretary 0.00
Director
$0 $0 $0
Choon Taik Lim Treasurer 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 $58,110 $39,007 $1,211,367 $19,103
2023 $58,980 $41,099 $1,192,263 $17,881
2022 $10,737 $35,558 $1,174,383 $-24,821
2021 $13,078 $37,886 $1,199,203 $-24,808
2020 $20,948 $33,666 $1,224,012 $-12,718
2019 $36,201 $36,403 $1,236,730 $-202
2018 $27,199 $37,954 $1,236,932 $-10,755
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