KOREAN SCHOOL ASSOCIATION INC (EIN 954655874) - 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

1997

Legal Domicile

Principal Officer

KI HWAN PAEK

Phone

2133883445

Tax Period

2023-01-01 to 2023-12-31

KOREAN SCHOOL ASSOCIATION INC, founded in 1997, is a small nonprofit in the Education sector that reported $110K in total revenue in fiscal year 2023. Revenue grew 8% year-over-year, indicating healthy expansion.

Mission

TO ENHANCE THE MUTUAL RELATIONSHIP & CORPORATION BETWEEN KOREAN SCHOOLS IN AMERICA TO HELP IMPROVE QUALITY OF KOREAN LANGUAGE AND CULTURE EDUCATION & EXPAND THE BASE THEREOF. TO HELP PROMTE PRIDE OF DESCENDANTS OF KOREANS & ESTABLISH IDENTITY THRU SOUND KOREAN LANGUAGE & CULTURE EDUCATION.

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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 $110,446

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $110,446

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $93,655

Other Expenses $117,001

TOTAL EXPENSES $117,001

Year-over-Year Comparison

	2023	2022	Change
Revenue	$110,446	$102,120	+0.1%
Expenses	$117,001	$108,232	+0.1%
Net Income	$-6,555	$-6,112	+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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BANG HO AHN	VICE PRESIDE	N/A	Director	$0	$0	$0
JUNG IN CHOE	PRESIDENT	N/A	Director	$0	$0	$0
CHANG K CHOI	DIRECTOR	N/A	Director	$0	$0	$0
HYUN MOO CHOI	DIRECTOR	N/A	Director	$0	$0	$0
IL SOON CHOI	VICE PRESIDE	N/A	Director	$0	$0	$0
SUNG YEOL HAN	DIRECTOR	N/A	Director	$0	$0	$0
LAWRENCE JEON	DIRECTOR	N/A	Director	$0	$0	$0
YOUNG CHEUL JOH	DIRECTOR	N/A	Director	$0	$0	$0
JUN HOON KANG	DIRECTOR	N/A	Director	$0	$0	$0
HYUNG CHUL KIM	DIRECTOR	N/A	Director	$0	$0	$0
LISA LEE	DIRECTOR	N/A	Director	$0	$0	$0
SANG LEE	DIRECTOR	N/A	Director	$0	$0	$0
SUNG IK LEE	DIRECTOR	N/A	Director	$0	$0	$0
SUNG IL LEE	DIRECTOR	N/A	Director	$0	$0	$0
KIWOOK UHM	CFO	N/A	Director	$0	$0	$0
DONG MOUK GARBRIEL YIM	DIRECTOR	N/A	Director	$0	$0	$0
KI HWAN PAEK	CEO	N/A	Officer	$0	$0	$0
CHONG YU	SECRETARY	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	No data	No data	No data	No data
2023	$110,446	$117,001	$3,933	$-6,555
2022	$102,120	$108,232	$10,488	$-6,112
2021	$63,717	$72,336	$16,600	$-8,619
2020	$32,669	$34,451	$25,219	$-1,782
2019	$132,892	$126,973	$25,436	$5,919
2018	$239,485	$248,605	$21,492	$-9,120

KOREAN SCHOOL ASSOCIATION INC