KOREAN-AMERICAN SENIOR MUTUAL ASSO… - Form 990 Financial Data

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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

1996

Legal Domicile

Principal Officer

KWANG S BAE

Phone

7187623515

Tax Period

2019-05-01 to 2020-04-30

KOREAN-AMERICAN SENIOR MUTUAL ASSOCIATION INC, founded in 1996, is a community nonprofit that reported $4.2M in total revenue in fiscal year 2019. Revenue grew 12% year-over-year, indicating healthy expansion.

Mission

To provide burial benifits and assistance and community service.

Program Service Accomplishments

Program 1

Expenses: $3,936,693 Revenue: $0

Burial Benefits Program Paid part of funeral expenses for the deceased. 253 families received benefits.

Program 2

Expenses: $145,565 Revenue: $0

Social and Legal Service Program. Schlorship payments $7,000 to 7 high school students. Suppot payment of monthly condolatory money amount of $59,645 by KASMA fund to the highest age of 107 persons during one year. Rice sharing of prime cost worth $20,400 of 1,700 packs to 800 seniors, needy persons and 30 charitable organizations. Free legal consulting services of 58 persons.

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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 (2019)

Revenue Breakdown

Contributions & Grants $4,221,680

Program Service Revenue $0

Investment Income $4,394

Other Revenue $0

TOTAL REVENUE $4,226,074

Expense Breakdown

Grants Paid $78,395

Salaries & Benefits $197,673

Fundraising Expenses $0

Program Expenses $4,082,258

Other Expenses $3,916,070

TOTAL EXPENSES $4,192,138

Year-over-Year Comparison

	2019	2018	Change
Revenue	$4,226,074	$3,773,612	+0.1%
Expenses	$4,192,138	$3,782,948	+0.1%
Net Income	$33,936	$-9,336	-4.6%

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

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
Kwang S Bae	President	40.00	Director	$0	$0	$0
Yun P Na	Chairman	5.00	Director	$0	$0	$0
Sung W Kim	Vice President	5.00	Director	$0	$0	$0
Sung Sul Park	Vice Chairman	5.00	Director	$0	$0	$0
Jae Hun Hwang	Vice Chairman	5.00	Director	$0	$0	$0
Kun Kyoo Jin	Vice Chairman	5.00	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	$4,226,074	$4,192,138	$1,826,883	$33,936
2019	$3,773,612	$3,782,948	$1,800,829	$-9,336

KOREAN-AMERICAN SENIOR MUTUAL ASSOCIATION INC