The Korean American Family Service Center Inc (EIN 133609811) - 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

1990

Legal Domicile

Principal Officer

JEEHAE FISCHER

Phone

7184603801

Tax Period

2023-10-01 to 2024-09-30

The Korean American Family Service Center Inc, founded in 1990, is a community nonprofit in the Human Services sector that reported $4.4M in total revenue in fiscal year 2023. The organization ran a surplus of $1.1M, a strong 24% operating margin.

Mission

KAFSC SUPPORTS AND EMPOWERS ADULTS, YOUTH AND CHILDREN IN THE NEW YORK TRI-STATE AREA TO LEAD SAFE AND HEALTHY LIVES BASED ON DIGNITY, COMPASSION AND MUTUAL RESPECT.

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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 $2,350,196

Program Service Revenue $2,131,411

Investment Income $78,701

Other Revenue $-118,120

TOTAL REVENUE $4,442,188

Expense Breakdown

Grants Paid $11,400

Salaries & Benefits $2,142,207

Fundraising Expenses $104,660

Program Expenses $2,822,942

Other Expenses $1,236,000

TOTAL EXPENSES $3,389,607

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,442,188	$4,424,882	+0.0%
Expenses	$3,389,607	$3,144,821	+0.1%
Net Income	$1,052,581	$1,280,061	-0.2%

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

150

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

$294,169

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEEHAE FISCHER	EXECUTIVE DIRECTOR	040.00	Officer	$147,795	$11,558	$159,353
MI JUNG YOU	DEPUTY DIRECTOR	040.00	Officer	$120,161	$14,655	$134,816
ESTHER LIMB ESQ	BOARD CHAIR	006.00	Officer Director	$0	$0	$0
MICHELLE LEE	VICE CHAIR	002.00	Officer Director	$0	$0	$0
LAUREN UY LEE ESQ	SECRETARY	002.00	Officer Director	$0	$0	$0
SK RA	TREASURER	002.00	Officer Director	$0	$0	$0
ALBERT PARK	DIRECTOR	001.00	Director	$0	$0	$0
SONNI KIM	DIRECTOR	001.00	Director	$0	$0	$0
CATHY LEE	DIRECTOR	001.00	Director	$0	$0	$0
JULIENNE PARK	DIRECTOR	001.00	Director	$0	$0	$0
SELENA COHN	DIRECTOR	001.00	Director	$0	$0	$0
JENNIFER KANG	DIRECTOR	001.00	Director	$0	$0	$0
SYLVIA LEE	DIRECTOR	001.00	Director	$0	$0	$0
TOM ROH	DIRECTOR	001.00	Director	$0	$0	$0
DEANNE YEE	DIRECTOR	001.00	Director	$0	$0	$0
MARK KIM - RESIGNED APRIL 2024	TREASURER	002.00	Officer Director	$0	$0	$0
YUMI OH	DIRECTOR	001.00	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
2024	$4,442,188	$3,389,607	$8,991,688	$1,052,581
2023	$4,424,882	$3,144,821	$7,962,981	$1,280,061
2022	$5,014,770	$3,479,413	$6,018,261	$1,535,357
2021	$3,166,587	$2,180,002	$5,090,887	$986,585
2020	$2,339,808	$2,258,827	$4,010,094	$80,981
2020	$2,436,644	$2,270,440	$4,098,424	$166,204

The Korean American Family Service Center Inc