KOREAN-AMERICAN LAWYERS ASSOCIATION OF NEW YORK INC

EIN: 133354702 Community Improvement

NEW YORK, NY

Total Revenue
$374,942
Total Expenses
$334,597
Total Assets
$449,360
Net Assets
$449,360
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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
1986
Legal Domicile
NY
Principal Officer
LAWRENCE HAN
Phone
2246280114
Tax Period
2024-03-01 to 2025-02-28

KOREAN-AMERICAN LAWYERS ASSOCIATION OF NEW YORK INC, founded in 1986, is a small nonprofit in the Community Improvement sector that reported $375K in total revenue in fiscal year 2024. Expenses of $335K left a modest 11% surplus.

Mission

PROVIDE MEMBERS WITH TRAINING AND RESOURCES USEFUL FOR PROFESSIONAL ADVANCEMENT.

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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 $850
Program Service Revenue $364,758
Investment Income $9,334
Other Revenue $0
TOTAL REVENUE $374,942

Expense Breakdown

Grants Paid $15,880
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $317,447
Other Expenses $318,717
TOTAL EXPENSES $334,597

Year-over-Year Comparison

2024 2023 Change
Revenue $374,942 $370,107 +0.0%
Expenses $334,597 $315,158 +0.1%
Net Income $40,345 $54,949 -0.3%
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
19
Independent Members
19
Employees
N/A
Volunteers
87

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
6
$0
Total Directors
19
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LAWRENCE HAN PRESIDENT 5.00
Officer Director
$0 $0 $0
JIMMY KANG EXCECUTIVE VICE PRESIDENT 5.00
Officer Director
$0 $0 $0
CHRISTINA NGUYEN VICE PRES. OF COMMUNICATIO 5.00
Officer Director
$0 $0 $0
HYE ZHIN RHEE VICE PRES. OF MEMBERSHIP 5.00
Officer Director
$0 $0 $0
YOOJIN DENIRO SECRETARY 5.00
Officer Director
$0 $0 $0
HYO KIM TREASURER 5.00
Officer Director
$0 $0 $0
ANDY YOO BOARD MEMBER 0.20
Director
$0 $0 $0
BRIAN SONG BOARD MEMBER 0.20
Director
$0 $0 $0
BRIAN YARZAB BOARD MEMBER 0.20
Director
$0 $0 $0
INIE PARK BOARD MEMBER 0.20
Director
$0 $0 $0
JAEYOUN JOHN KIM BOARD MEMBER 0.20
Director
$0 $0 $0
JINYOUNG JOO BOARD MEMBER 0.20
Director
$0 $0 $0
JAMES LEE BOARD MEMBER 0.20
Director
$0 $0 $0
JULIE CHO BOARD MEMBER 0.20
Director
$0 $0 $0
KENNETH YOON BOARD MEMBER 0.20
Director
$0 $0 $0
MARIA PARK BOARD MEMBER 0.20
Director
$0 $0 $0
ROBERT SHIN BOARD MEMBER 0.20
Director
$0 $0 $0
SANG CHOI BOARD MEMBER 0.20
Director
$0 $0 $0
SUYON YI BOARD MEMBER 0.20
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
2025 $374,942 $334,597 $449,360 $40,345
2024 $370,107 $315,158 $409,015 $54,949
2023 $374,810 $301,605 $354,066 $73,205
2022 $156,020 $168,700 $280,861 $-12,680
2021 $96,945 $91,313 $293,541 $5,632
2020 $233,974 $218,246 $287,909 $15,728
2019 $227,499 $194,609 $272,181 $32,890
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