SEVERANCE ALUMNI ASSOCIATION INC (EIN 112387947) - 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

1975

Legal Domicile

Principal Officer

CHANG JO PARK

Phone

5166550088

Tax Period

2023-11-01 to 2024-10-31

SEVERANCE ALUMNI ASSOCIATION INC, founded in 1975, is a small nonprofit in the Education sector that reported $486K in total revenue in fiscal year 2023. Revenue surged 129% from the prior year, signaling strong growth momentum. The organization ran a surplus of $402K, a strong 83% operating margin.

Mission

THE GRANT OF SCHOLARSHIPS TO MEDICAL STUDENTS, THE ORGANIZATION OF SEMINARS AND CONFERENCES ON TOPICS OF INTEREST TO ITS MEMBERS, AND THE ENHANCEMENT OF FRIENDSHIP AND COMMUNICATION AMONG ITS MEMBERS.

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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 $258,912

Program Service Revenue $0

Investment Income $227,390

Other Revenue $0

TOTAL REVENUE $486,302

Expense Breakdown

Grants Paid $19,000

Salaries & Benefits $42,517

Fundraising Expenses $0

Program Expenses $43,728

Other Expenses $23,105

TOTAL EXPENSES $84,622

Year-over-Year Comparison

	2023	2022	Change
Revenue	$486,302	$212,536	+1.3%
Expenses	$84,622	$130,442	-0.4%
Net Income	$401,680	$82,094	+3.9%

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
CHUN S KIM	COMMITTEE CH	3.00	Officer Director	$0	$0	$0
BONG S LEE	FINANCIAL CO	1.00	Director	$0	$0	$0
HEUNG K OH	DIRECTOR	3.00	Officer Director	$0	$0	$0
CHANG JO PARK	TREASURER	3.00	Officer Director	$0	$0	$0
HOON JAE PARK	EXECUTIVE VP	1.00	Director	$0	$0	$0
YONG D PARK	PRESIDENT	3.00	Officer 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	$486,302	$84,622	$2,345,666	$401,680
2023	$212,536	$130,442	$1,397,360	$82,094
2022	$174,610	$91,000	$1,357,179	$83,610
2021	$173,623	$43,567	$1,301,457	$130,056
2020	$75,689	$26,947	$1,157,350	$48,742
2019	$45,254	$56,801	$1,186,897	$-11,547
2018	$244,158	$79,516	$1,203,913	$164,642

SEVERANCE ALUMNI ASSOCIATION INC