KOREAN-AMERICAN ASSOCIATION OF NEW… - Form 990 Financial Data

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2000

Legal Domicile

Principal Officer

ADRIAN E LEE

Phone

2019459456

Tax Period

2025-01-01 to 2025-12-31

KOREAN-AMERICAN ASSOCIATION OF NEW JERSEY, founded in 2000, is a small nonprofit in the Arts, Culture & Humanities sector that reported $151K in total revenue in fiscal year 2025. Revenue fell 51% from the prior year — a significant decline worth monitoring.

Mission

TO ENHANCE KOREAN-AMERICAN RIGHTS AND TO DO CHARITABLE & FRATERNAL ACTIVITIES IN THE STATE OF NEW JERSEY.

Program Service Accomplishments

Program 1

Expenses: $63,095

ORGANIZED AND HELD ANNUAL KOREAN THANKSGIVING DAY FESTIVAL

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $87,888

Program Service Revenue $63,431

Investment Income $0

Other Revenue $0

TOTAL REVENUE $151,319

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $63,095

Other Expenses $150,286

TOTAL EXPENSES $150,286

Year-over-Year Comparison

	2025	2024	Change
Revenue	$151,319	$305,947	-0.5%
Expenses	$150,286	$361,837	-0.6%
Net Income	$1,033	$-55,890	-1.0%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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
ADRIAN E LEE	PRESIDENT	N/A	Officer	$0	$0	$0
DANIEL D KIM	VICE PRESIDE	N/A	Officer	$0	$0	$0
EUNJOO KANG	VICE PRESIDE	N/A	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	$151,319	$150,286	$5,609	$1,033
2024	$305,947	$361,837	$15,914	$-55,890
2023	$262,305	$254,648	$30,313	$7,657
2022	$165,218	$178,690	$22,656	$-13,472
2021	$209,265	$179,859	$64,772	$29,406
2020	$88,250	$107,875	$46,066	$-19,625
2019	$296,209	$265,630	$65,691	$30,579
2018	$303,225	$282,592	$35,112	$20,633

KOREAN-AMERICAN ASSOCIATION OF NEW JERSEY