THE KOREAN AMERICAN SENIOR CITIZENS SOCIETY OF GREATER NY INC (EIN 112455396) - 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

1977

Legal Domicile

Principal Officer

WON HOON CHO

Phone

7184613545

Tax Period

2024-01-01 to 2024-12-31

THE KOREAN AMERICAN SENIOR CITIZENS SOCIETY OF GREATER NY INC, founded in 1977, is a micro nonprofit in the Human Services sector that reported $82K in total revenue in fiscal year 2024. Revenue fell 77% from the prior year — a significant decline worth monitoring. Expenses of $284K exceeded revenue, resulting in a 245% operating deficit.

Mission

TO SERVE SOCIAL SERVICE, ENGLISH EDUCATION AND OTHER SERVICES TO SENIOR CITIZENS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $82,475

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $82,475

Expense Breakdown

Grants Paid $0

Salaries & Benefits $82,840

Fundraising Expenses $0

Program Expenses $171,408

Other Expenses $201,400

TOTAL EXPENSES $284,240

Year-over-Year Comparison

	2024	2023	Change
Revenue	$82,475	$363,773	-0.8%
Expenses	$284,240	$279,835	+0.0%
Net Income	$-201,765	$83,938	-3.4%

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
BONG JA LEE	DIRECTOR	N/A	Director	$0	$0	$0
WON HOON CHO	PRESIDENT	N/A	Officer	$0	$0	$0
SEUNG SEOK LEE	DIRECTOR	N/A	Director	$0	$0	$0
EUNHYE KIM	DIRECTOR	N/A	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	$82,475	$284,240	$232,671	$-201,765
2023	$363,773	$279,835	$435,209	$83,938
2022	$213,055	$262,034	$360,303	$-48,979
2021	$249,479	$234,340	$467,002	$15,139
2020	$239,863	$220,048	$433,894	$19,815
2019	$248,420	$260,566	$415,345	$-12,146

THE KOREAN AMERICAN SENIOR CITIZENS SOCIETY OF GREATER NY INC