KOREAN IMMIGRANT SERVICES OF NEW YORK INC

EIN: 113166953 501(c)(3)

FLUSHING, NY

Total Revenue
$66,065
Total Expenses
$75,534
Total Assets
$34,442
Net Assets
$34,442
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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
1993
Legal Domicile
NY
Principal Officer
SOK HUI KANG
Phone
7183595400
Tax Period
2020-01-01 to 2020-12-31

KOREAN IMMIGRANT SERVICES OF NEW YORK INC, founded in 1993, is a micro nonprofit that reported $66K in total revenue in fiscal year 2020. Revenue fell 52% from the prior year — a significant decline worth monitoring. Expenses of $76K exceeded revenue, resulting in a 14% operating deficit.

Mission

HELPING WITH THE IMMIGRATION DOCUMENTS.

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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%)

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Financial Overview (2020)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $66,065
Investment Income $0
Other Revenue $0
TOTAL REVENUE $66,065

Expense Breakdown

Grants Paid $0
Salaries & Benefits $7,578
Fundraising Expenses $0
Program Expenses $56,479
Other Expenses $67,956
TOTAL EXPENSES $75,534

Year-over-Year Comparison

2020 2019 Change
Revenue $66,065 $138,234 -0.5%
Expenses $75,534 $138,282 -0.5%
Net Income $-9,469 $-48 +196.3%
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

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Governance

Voting Members
5
Independent Members
5
Employees
1
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
1
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHANG KYU CHOI DIRECTOR 4.00
Director
$0 $0 $0
YOUNG SUN CHOI CHAIRMAN 4.00
Director
$0 $0 $0
SOK HUI KANG EXECUTIVE DI 40.00
Officer Director
$0 $0 $0
YONG UNG LEE DIRECTOR 4.00
Director
$0 $0 $0
EUNG IK PARK DIRECTOR 4.00
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
2020 $66,065 $75,534 $34,442 $-9,469
2019 $138,234 $138,282 $43,911 $-48
2018 $196,323 $195,340 $43,959 $983
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