KOREAN-AMERICAN SENIOR MUTUAL ASSOCIATION INC

EIN: 113323060 501(c)(3)

FLUSHING, NY

Total Revenue
$4,226,074
Total Expenses
$4,192,138
Total Assets
$1,826,883
Net Assets
$1,816,565
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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
NY
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.

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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 (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

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Governance

Voting Members
15
Independent Members
15
Employees
5
Volunteers
10

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
0
$0
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
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
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