KOREAN SEAFOOD ASSOCIATION OF NY INC (EIN 113278319) - 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

1995

Legal Domicile

Principal Officer

DONG H JO

Phone

7183784848

Tax Period

2023-01-01 to 2023-12-31

KOREAN SEAFOOD ASSOCIATION OF NY INC, founded in 1995, is a micro nonprofit in the Community Improvement sector that reported $37K in total revenue in fiscal year 2023. Expenses of $33K left a modest 12% surplus.

Mission

OTHER ACTIVITIES THE PURPOSES FOR WHICH THE CORPORATION IS FORMED ARE AS FOLLOWS: TO PROMOTE, FASTER AND ADVANCE IN EVERY LAWFUL MANNER, THE COMMON INTERESTS AND GOALS OF THOSE ENGAGED IN THE SEAFOOD BUSINESS; TO CERTENT AND SOLIDIFY FRIENDLY RELATIONS GOOD FELLOWSHIP AND COOPOERATION AMOING ITS MEMBERS; TO ADVOCATE AND ENCOURAGE THE EXCHANGE OF IDEAS AMONG ITS MEMBERS AND TO GIVE PROPER CONSIDEREATION TO QUESTIONS AFFECTING KOREANS IN THE SEAFOOD BUSINESS; TO ACQUIRE, ASSEMBLE, PRESERVE AND DISSEMINATE VALUABLE BUSINESS INFORMATION ESSENTIAL FOR THE ADEQUATE CONDUCT OF THEIR BUSINESS. HOWEVER, NOTHING HEREIN SHALL AUTHORIZE THIS CORPORATION TO CONTROL OR OTHERWISE DEAL WITH PRICES OR TO RESTRICT COMPETITION, NOR TO INTERFERE WITH ITS MEMBERS IN THE INDEPENDENT CONDUCT OF THEIR 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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $37,147

Investment Income $0

Other Revenue $0

TOTAL REVENUE $37,147

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $32,663

TOTAL EXPENSES $32,663

Year-over-Year Comparison

	2023	2022	Change
Revenue	$37,147	N/A	N/A
Expenses	$32,663	N/A	N/A
Net Income	$4,484	N/A	N/A

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

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
DONG H JO	PRESIDENT	40.00	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
2023	$37,147	$32,663	$29,337	$4,484

KOREAN SEAFOOD ASSOCIATION OF NY INC