KOREAN WAR VETERANS ASSOCIATION INC (EIN 141671031) - 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

1985

Legal Domicile

Principal Officer

JEFFREY J BRODEUR

Phone

2173454414

Tax Period

2024-01-01 to 2024-12-31

KOREAN WAR VETERANS ASSOCIATION INC, founded in 1985, is a small nonprofit in the Public & Societal Benefit sector that reported $311K in total revenue in fiscal year 2024. Revenue surged 23% from the prior year, signaling strong growth momentum. Expenses of $269K left a modest 13% surplus.

Mission

ORGANIZED AS A VETERANS SERVICE ORGANIZATION IN ORDER TO MAINTAIN A CONTINUING INTEREST IN THE WELFARE OF KOREAN WAR AND KOREAN DEFENSE VETERANS , THEIR FAMILIES, AND TO MAINTAIN A VOICE IN VETERANS AFFAIRS. THE ORGANIZATION MAINTAINS THE HISTORY OF

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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 (2024)

Revenue Breakdown

Contributions & Grants $153,650

Program Service Revenue $1,166

Investment Income $155,845

Other Revenue $0

TOTAL REVENUE $310,661

Expense Breakdown

Grants Paid $11,000

Salaries & Benefits $0

Fundraising Expenses $15,949

Program Expenses $209,500

Other Expenses $258,088

TOTAL EXPENSES $269,088

Year-over-Year Comparison

	2024	2023	Change
Revenue	$310,661	$253,065	+0.2%
Expenses	$269,088	$304,628	-0.1%
Net Income	$41,573	$-51,563	-1.8%

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

N/A

Volunteers

570

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
CHRISTINA FLORES	SECRETARY	2.00	Officer	$0	$0	$0
DAVID H PICKETT	PRESIDENT	20.00	Officer	$0	$0	$0
THOMAS E CACY	DIRECTOR	20.00	Officer	$0	$0	$0
FRED C LASH	DIRECTOR	2.00	Director	$0	$0	$0
THOMAS M MCHUGH	FIRST VICE PRESIDENT	2.00	Officer	$0	$0	$0
JOHN R MCWATERS	DIRECTOR	N/A	Director	$0	$0	$0
BRUCE R HARDER	SECOND VICE PRESIDENT	2.00	Director	$0	$0	$0
HAROLD TRIEBER	DIRECTOR	N/A	Director	$0	$0	$0
RICHARD J DAUCUNAS	DIRECTOR	N/A	Director	$0	$0	$0
JOSEPH D ROSSI	DIRECTOR	N/A		$0	$0	$0
STANLEY K HAMAMOTO	DIRECTOR	N/A		$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	$310,661	$269,088	$759,176	$41,573
2023	$253,065	$304,628	$733,746	$-51,563
2022	$268,915	$345,068	$776,231	$-76,153
2021	$273,604	$302,239	$979,890	$-28,635
2020	$292,636	$303,427	$945,438	$-10,791

KOREAN WAR VETERANS ASSOCIATION INC