KOREAN CHAMBER OF COMMERCE AND INDUSTRY IN THE USA INC (EIN 133684605) - 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

1992

Legal Domicile

Principal Officer

SEONG YONG YOON

Tax Period

2023-01-01 to 2023-12-31

KOREAN CHAMBER OF COMMERCE AND INDUSTRY IN THE USA INC, founded in 1992, is a small nonprofit that reported $332K in total revenue in fiscal year 2023. Net assets of $1.2M represent 42 months of operating reserves.

Mission

KOREAN CHAMBER OF COMMERCE AND INDUSTRY IN THE USA, INC. WAS ORGANIZED TO PROMOTE ECONOMIC COOPERATION AND GOODWILL BETWEEN THE PEOPLE AND THE BUSINESS COMMUNITIES OF THE UNITED STATES AND THE REPUBLIC OF KOREA, AND REPRESENTS THE VIEWS OF ITS MEMBERS REGARDING TRADE, COMMERCE AND OTHER BUSINESS ISSUES. IT ALSO COLLECTS, EVAULATES, AND DISSEMINATES INFORMATION RELATING TO TRADE COMMERCE AND OTHER RELATED MATTERS TO FURTHER ASSIST ITS MEMBERS AND BUSINESS COMMUNITIES.

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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 $99,800

Program Service Revenue $449,625

Investment Income $33,276

Other Revenue $-250,405

TOTAL REVENUE $332,296

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $168,881

Other Expenses $323,663

TOTAL EXPENSES $323,663

Year-over-Year Comparison

	2023	2022	Change
Revenue	$332,296	$325,022	+0.0%
Expenses	$323,663	$343,036	-0.1%
Net Income	$8,633	$-18,014	-1.5%

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

N/A

Employees

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

$188,533

Total Directors

$77,581

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SEONG YONG YOON	VICE CHAIRMA	40.00	Officer Director	$77,581	$0	$77,581
KYUNG YONG MIN	OFFICER	40.00	Officer	$70,252	$0	$70,252
HELENA MIN	OFFICER	40.00	Officer	$40,700	$0	$40,700
HO CHAN PARK	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
2024	No data	No data	No data	No data
2023	$332,296	$323,663	$1,238,983	$8,633
2022	$325,022	$343,036	$1,173,889	$-18,014
2022	$325,022	$343,036	$1,173,889	$-18,014
2021	$308,320	$248,872	$1,200,784	$59,448
2020	$362,981	$398,994	$1,214,698	$-36,013
2019	$487,601	$479,987	$1,161,713	$7,614
2018	$379,969	$391,916	$1,174,861	$-11,947

KOREAN CHAMBER OF COMMERCE AND INDUSTRY IN THE USA INC