KOREAN AMERICAN SPINE SOCIETY (EIN 205220997) - 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

2007

Legal Domicile

Phone

6307015892

Tax Period

2024-01-01 to 2024-12-31

KOREAN AMERICAN SPINE SOCIETY, founded in 2007, is a small nonprofit in the Education sector that reported $257K in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year.

Mission

THE PURPOSE OF THE ORGANIATION IS TO IMPROVE THE QUALITY OF SCIENTIFIC KNOWLEDGE, PATIENT CARE AND CLINICAL PRACTICE AMONG PROFESSIONALS IN THE FIELD OF SPINAL DISORDERS AND PROMOTE SOCIAL AND CULTURAL INTERACTION BETWEEN KOREAN AMERICAN SPINE SPECIALISTS

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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 $0

Program Service Revenue $256,547

Investment Income $0

Other Revenue $0

TOTAL REVENUE $256,547

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $246,117

Other Expenses $254,445

TOTAL EXPENSES $254,445

Year-over-Year Comparison

	2024	2023	Change
Revenue	$256,547	$273,088	-0.1%
Expenses	$254,445	$279,419	-0.1%
Net Income	$2,102	$-6,331	-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

N/A

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
DON PARK MD	PRESIDENT	2.00	Officer Director	$0	$0	$0
RAY HAH	PRESIDENT-ELECT	1.00	Officer Director	$0	$0	$0
DANIEL KANG MD	TREASURER	1.00	Officer Director	$0	$0	$0
ANDREW CHUNG DO	SECRETARY	1.00	Officer Director	$0	$0	$0
PAUL D KIM MD	DIRECTOR AT LARGE	1.00	Director	$0	$0	$0
REX MARCO MD	DIRECTOR AT LARGE	1.00	Director	$0	$0	$0
ANDREW RYU MD	DIRECTOR AT LARGE	1.00	Director	$0	$0	$0
BRYAN LEE MD	DIRECTOR AT LARGE	1.00	Officer Director	$0	$0	$0
JOHN CHI MD	IMMEDIATE PAST PRESIDENT	1.00	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
2025	No data	No data	No data	No data
2024	$256,547	$254,445	$218,781	$2,102
2023	$273,088	$279,419	$217,901	$-6,331
2022	$234,125	$269,913	$231,734	$-35,788
2021	$353,598	$189,266	$266,497	$164,332
2020	$107,965	$108,038	$102,276	$-73
2019	$200,847	$161,021	$118,336	$39,826
2018	$216,376	$196,999	$58,091	$19,377

KOREAN AMERICAN SPINE SOCIETY