The Korean American Foundation Hawaii (EIN 990293085) - 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

1992

Legal Domicile

Principal Officer

Francis Park

Phone

8082062126

Tax Period

2023-01-01 to 2023-12-31

The Korean American Foundation Hawaii, founded in 1992, is a small nonprofit in the Arts, Culture & Humanities sector that reported $222K in total revenue in fiscal year 2023. Revenue surged 228% from the prior year, signaling strong growth momentum. Expenses of $351K exceeded revenue, resulting in a 58% operating deficit.

Mission

The association is organized to operate exclusively for charitable, scientific, literary, religious or educational purposes, within the meaning of Section 501(c)(3) of

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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 $127,489

Program Service Revenue $0

Investment Income $94,281

Other Revenue $0

TOTAL REVENUE $221,770

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $331,234

Other Expenses $350,912

TOTAL EXPENSES $350,912

Year-over-Year Comparison

	2023	2022	Change
Revenue	$221,770	$67,594	+2.3%
Expenses	$350,912	$114,544	+2.1%
Net Income	$-129,142	$-46,950	+1.8%

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

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
Edward J Shultz	Director	2.00	Director	$0	$0	$0
Gina Kim Nakamura	Vice-President/Director	2.00	Officer Director	$0	$0	$0
Taeyong Kim	Secretary/Director	2.00	Officer Director	$0	$0	$0
Myung Hyo Jang	Treasurer/Director	2.00	Officer Director	$0	$0	$0
Francis C Park	President/Director	2.00	Officer Director	$0	$0	$0
Ivan Chong	Director	2.00	Director	$0	$0	$0
Jeff Chung	Director	2.00	Director	$0	$0	$0
Rex Kim	Director	2.00	Director	$0	$0	$0
Kloe Kang	Director	2.00	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	No data	No data	No data	No data
2023	$221,770	$350,912	$1,632,422	$-129,142
2022	$67,594	$114,544	$1,761,563	$-46,950
2021	$261,811	$30,436	$1,808,513	$231,375
2020	$135,458	$45,261	$1,577,138	$90,197
2019	$109,090	$130,419	$1,486,941	$-21,329
2018	$290,050	$69,753	$1,508,270	$220,297
2017	$210,455	$98,137	$1,287,973	$112,318

The Korean American Foundation Hawaii