KOREAN AMERICAN ECONOMIC CENTERINC (EIN 202271667) - 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

2005

Legal Domicile

Principal Officer

JOHN SUH

Phone

6263335663

Tax Period

2024-01-01 to 2024-12-31

KOREAN AMERICAN ECONOMIC CENTERINC, founded in 2005, is a micro nonprofit in the Community Improvement sector that reported $1K in total revenue in fiscal year 2024. Revenue fell 83% from the prior year — a significant decline worth monitoring. Expenses of $1K exceeded revenue, resulting in a 15% operating deficit.

Mission

KAEC IS TO ADVANCE A BETTER UNDERSTANDING OF SOCIO-ECONOMIC STATE OF THE KOREAN AMERICAN AS WELL AS THE MULTI ETHNIC POTENTIAL OF ASIAN AMERICAN COMMUNITIES TOWARD BUSINESS AND MULTICULTUAL COMMUNITIES.KAEDC IS CONDUCTING RELATED RESEARCH PROJECTS AND STUDIES,INTEGRATING RESOURCES AND COLLECTIVE INFORMATION,

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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 $1,000

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,000

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $150

Other Expenses $1,150

TOTAL EXPENSES $1,150

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,000	$6,000	-0.8%
Expenses	$1,150	$2,200	-0.5%
Net Income	$-150	$3,800	-1.0%

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

N/A

Independent Members

N/A

Employees

N/A

Volunteers

120

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
JOHN SUH	CEO	10.00	Officer	$0	$0	$0
MARIA S CHUNG	SECRETARY	20.00	Officer	$0	$0	$0
CHI YOUNG YI	CFO	20.00	Officer	$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	No data	No data	No data	No data
2024	$1,000	$1,150	$15,297	$-150
2023	$6,000	$2,200	$15,447	$3,800
2022	$3,500	$2,053	$11,647	$1,447
2021	$35,000	$24,800	$10,200	$10,200
2020	No data	No data	$37,865	No data
2019	$19,920	$17,013	$37,865	$2,907
2018	$26,950	$23,021	$34,958	$3,929

KOREAN AMERICAN ECONOMIC CENTERINC