CHARLESTON, IL
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
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
OUR MAGAZINE PUBLICATION IS USED TO INFORM THE MEMBERSHIP OF VARIOUS MONUMENTS AND MEMORIALS ESTABLISHED EACH YEAR BY OUR CHARTERED DEPARTMENTS AND CHAPTERS AND MEMORIAL SERVICES CONDUCTED BY THEM IN...
OUR MAGAZINE PUBLICATION IS USED TO INFORM THE MEMBERSHIP OF VARIOUS MONUMENTS AND MEMORIALS ESTABLISHED EACH YEAR BY OUR CHARTERED DEPARTMENTS AND CHAPTERS AND MEMORIAL SERVICES CONDUCTED BY THEM IN MEMORY OF THOSE WHO SERVED IN THE KOREAN WAR. MANY ARTICLES, PICTURES, AND RELATED STORIES ABOUT OUR MEMBERS WHO PARTICIPATED IN THE WAR ARE INCLUDED. REPORTS ARE ALSO PUBLISHED ON THE TELL-AMERICA PROJECT WHERE MEMBERS MAKE PRESENTATIONS TO STUDENTS AND COMMUNITY ORGANIZATIONS ABOUT THE WAR AND ITS PURPOSE. ALL BOARD AND MEMBERSHIP MEETING MINUTES ARE ALSO PUBLISHED. RESUMES OF ELECTION MEMBERS AND ELECTION RESULTS ARE ALSO DISCLOSED TO THE MEMBERSHIP. THE MAGAZINE IS PUBLISHED SIX TIMES A YEAR AND MAILED TO ALL MEMBERS.
OUR ORGANIZATION MAINTAINS A NATIONAL MEMBERSHIP OFFICE AND WEBSITE THAT PROVIDES SUPPORT TO OUR MEMBERS AND LOCAL CHAPTERS THROUGHOUT THE UNITED STATES. THIS SUPPORT ENABLES OUR MEMBERS AND CHAPTERS...
OUR ORGANIZATION MAINTAINS A NATIONAL MEMBERSHIP OFFICE AND WEBSITE THAT PROVIDES SUPPORT TO OUR MEMBERS AND LOCAL CHAPTERS THROUGHOUT THE UNITED STATES. THIS SUPPORT ENABLES OUR MEMBERS AND CHAPTERS TO CARRY OUT OUR MISSION THAT IS STATED AT PART III, LINE 1 ABOVE.
THE NATIONAL OFFICERS ARE REQUIRED TO BE IN ATTENDANCE AT MANY FUNCTIONS THROUGHOUT THE YEAR. THESE FUNCTIONS INCLUDE; BOARD OF DIRECTORS MEETINGS, ANNUAL ASSOCIATION MEMBERSHIP MEETINGS, AND...
THE NATIONAL OFFICERS ARE REQUIRED TO BE IN ATTENDANCE AT MANY FUNCTIONS THROUGHOUT THE YEAR. THESE FUNCTIONS INCLUDE; BOARD OF DIRECTORS MEETINGS, ANNUAL ASSOCIATION MEMBERSHIP MEETINGS, AND VETERANS DAY CEREMONIES AT THE NATIONAL CAPITAL OR THROUGHOUT THE UNITED STATES. THE ORGANIZATION REIMBURSES ALL TRAVEL EXPENSES TO THESE VARIOUS MANDATORY FUNCTIONS FOR THE OFFICERS. FULFILLMENT OF OUR CONGRESSIONAL CHARTER REQUIRES THAT AN ANNUAL FINANCIAL AUDIT BE COMPLETED AND THE REPORT OF ACTIVITIES OF THE ASSOCIATION BE PRESENTED TO CONGRESS. AS REQUIRED BY THE IRS, A MEMBERSHIP OFFICE MUST BE MAINTAINED FOR RECORDKEEPING PURPOSES AND FUND RAISING ACTIVITIES.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
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
Sign In| 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 |
| 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 |
Compare KOREAN WAR VETERANS ASSOCIATION INC with other nonprofits in Illinois and across the country.