KOREA TOWN SENIOR AND COMMUNITY CENTER INC (EIN 202761167) - 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

YONG SIN SHIN

Phone

2133877733

Tax Period

2023-01-01 to 2023-12-31

KOREA TOWN SENIOR AND COMMUNITY CENTER INC, founded in 2005, is a small nonprofit in the Human Services sector that reported $479K in total revenue in fiscal year 2023. Revenue surged 34% from the prior year, signaling strong growth momentum. The organization ran a surplus of $153K, a strong 32% operating margin.

Mission

PUBLIC SERVICES TO SENIORS

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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 $479,117

Program Service Revenue $0

Investment Income $248

Other Revenue $0

TOTAL REVENUE $479,365

Expense Breakdown

Grants Paid $0

Salaries & Benefits $130,885

Fundraising Expenses $0

Program Expenses $70,014

Other Expenses $195,800

TOTAL EXPENSES $326,685

Year-over-Year Comparison

	2023	2022	Change
Revenue	$479,365	$357,194	+0.3%
Expenses	$326,685	$291,265	+0.1%
Net Income	$152,680	$65,929	+1.3%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRISTINE CHUNG	TREASURER	N/A	Officer Director	$0	$0	$0
BRAD LEE	SECRETARY	N/A	Officer Director	$0	$0	$0
YONG SIN SHIN	PRESIDENT	N/A	Officer 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	$479,365	$326,685	$2,160,701	$152,680
2022	$357,194	$291,265	$2,000,032	$65,929
2021	$761,513	$243,371	$1,932,152	$518,142
2020	$329,682	$215,385	$1,936,357	$114,297
2019	$390,358	$261,126	$2,012,395	$129,232

KOREA TOWN SENIOR AND COMMUNITY CENTER INC