Los Angeles 1st Preschool Educatio… - Form 990 Financial Data

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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

1996

Legal Domicile

Principal Officer

Su Kyong Ahn

Phone

3237338827

Tax Period

2022-01-01 to 2022-06-30

Los Angeles 1st Preschool Education Center Inc, founded in 1996, is a small nonprofit in the Human Services sector that reported $692K in total revenue in fiscal year 2022. Revenue fell 44% from the prior year — a significant decline worth monitoring. Expenses of $809K exceeded revenue, resulting in a 17% operating deficit.

Mission

Los Angeles First Preschool is to Provide affordable Quality Child Care Service and Preschool Education for Children to enable Parents to be employed.

Program Service Accomplishments

Program 1

To Provide affordable Quality Child Care Service and Preschool Education for Children to enable Parents to be employed.

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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 $691,962

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $691,962

Expense Breakdown

Grants Paid $0

Salaries & Benefits $415,085

Fundraising Expenses $0

Other Expenses $394,025

TOTAL EXPENSES $809,110

Year-over-Year Comparison

	2022	2021	Change
Revenue	$691,962	$1,227,823	-0.4%
Expenses	$809,110	$830,301	0.0%
Net Income	$-117,148	$397,522	-1.3%

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

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
Byung Tae Ahn	President	040.00	Officer Director	$0	$0	$0
Su Kyong Ahn	Vice President	040.00	Officer Director Key Emp	$0	$0	$0
Su Kyong Ahn	Secretary	020.00	Officer Director Key Emp	$0	$0	$0
Yeon Joo Park	Treasurer	001.00	Officer Director	$0	$0	$0
Young Jun Kim	Director	001.00	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2022	$691,962	$809,110	$738,253	$-117,148
2021	$1,227,823	$830,301	$875,766	$397,522
2020	$650,503	$726,598	$589,724	$-76,095
2019	$1,078,901	$1,083,965	$30,262	$-5,064
2018	$1,342,386	$1,341,190	$95,005	$1,196

Los Angeles 1st Preschool Education Center Inc