THE KOREAN AMERICAN NAIL SALON ASSOC INC

EIN: 113212678

BAYSIDE, NY

Total Revenue
$10,272
Total Expenses
$12,238
Total Assets
$7,361
Net Assets
$7,361
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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
NY
Principal Officer
SANG HO LEE
Phone
6467610899
Tax Period
2024-01-01 to 2024-12-31

THE KOREAN AMERICAN NAIL SALON ASSOC INC, founded in 1992, is a micro nonprofit that reported $10K in total revenue in fiscal year 2024. Revenue fell 54% from the prior year — a significant decline worth monitoring. Expenses of $12K exceeded revenue, resulting in a 19% operating deficit.

Mission

TO SERVE USERS TO ENHANCE NAIL SPECIALTY BUSINESS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $10,272
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $10,272

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $12,238
TOTAL EXPENSES $12,238

Year-over-Year Comparison

2024 2023 Change
Revenue $10,272 $22,283 -0.5%
Expenses $12,238 $30,813 -0.6%
Net Income $-1,966 $-8,530 -0.8%
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

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Governance

Voting Members
30
Independent Members
1
Employees
N/A
Volunteers
1

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
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SANG HO LEE DIRECTOR 20.00
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 $10,272 $12,238 $7,361 $-1,966
2023 $22,283 $30,813 $9,327 $-8,530
2022 $41,821 $54,691 $17,857 $-12,870
2021 $54,866 $49,548 $30,727 $5,318
2020 $54,516 $77,101 $25,409 $-22,585
2019 $141,543 $152,693 $48,294 $-11,150
2018 $175,671 $172,825 $59,144 $2,846
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