KOREAN COMMUNITY SERVICES OF METROPOLITAN NEW YORK INC (EIN 237348989) - 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

1974

Legal Domicile

Principal Officer

MYOUNGMI KIM

Phone

7189396137

Tax Period

2024-07-01 to 2025-06-30

KOREAN COMMUNITY SERVICES OF METROPOLITAN NEW YORK INC, founded in 1974, is a mid-sized nonprofit in the Human Services sector that reported $14.3M in total revenue in fiscal year 2024. Revenue surged 26% from the prior year, signaling strong growth momentum. Expenses of $13.2M left a modest 8% surplus.

Mission

TO SUPPORT AND ASSIST MEMBERS OF THE KOREAN COMMUNITY TO BE HEALTHY AND PRODUCTIVE INDIVIDUALS.

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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 $11,519,679

Program Service Revenue $2,655,977

Investment Income $195,130

Other Revenue $-59,271

TOTAL REVENUE $14,311,515

Expense Breakdown

Grants Paid $132,986

Salaries & Benefits $7,742,768

Fundraising Expenses $288,772

Program Expenses $10,802,425

Other Expenses $5,351,218

TOTAL EXPENSES $13,226,972

Year-over-Year Comparison

	2024	2023	Change
Revenue	$14,311,515	$11,335,665	+0.3%
Expenses	$13,226,972	$11,227,911	+0.2%
Net Income	$1,084,543	$107,754	+9.1%

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

218

Volunteers

150

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

$142,681

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DANNY DAESAN KIM	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
SUH KYUNG YOON	VICE CHAIR	1.00	Officer Director	$0	$0	$0
ANNE HYUN JIN KIM	SECRETARY	1.00	Officer Director	$0	$0	$0
WARREN HUANG	TREASURER	1.00	Officer Director	$0	$0	$0
CHRIS CHUNG	FORMER DIRECTOR	1.00	Director	$0	$0	$0
GENE Y KANG	DIRECTOR	1.00	Director	$0	$0	$0
JAY H KIM	DIRECTOR	1.00	Director	$0	$0	$0
SUN SONG	DIRECTOR	1.00	Director	$0	$0	$0
HYUN JOON LEE	DIRECTOR	1.00	Director	$0	$0	$0
NEIL PARK	DIRECTOR	1.00	Director	$0	$0	$0
ISABELLA PARK	DIRECTOR	1.00	Director	$0	$0	$0
SANG H LEE	DIRECTOR	1.00	Director	$0	$0	$0
CONNIE CHOI	DIRECTOR	1.00	Director	$0	$0	$0
DAVID YOUNGHO LEE	DIRECTOR	1.00	Director	$0	$0	$0
MICHELLE CHUNG	DIRECTOR	1.00	Director	$0	$0	$0
MYOUNGMI KIM	PRESIDENT & CEO	40.00	Officer	$119,972	$22,709	$142,681

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	$14,311,515	$13,226,972	$23,771,102	$1,084,543
2024	No data	No data	No data	No data
2023	$10,848,943	$10,781,041	$15,042,173	$67,902
2022	$9,881,804	$8,728,659	$14,833,941	$1,153,145
2021	$7,508,888	$6,316,033	$13,398,422	$1,192,855
2020	$6,169,050	$5,614,674	$10,970,065	$554,376
2019	$6,607,007	$6,146,190	$10,247,540	$460,817
2018	$4,559,986	$5,119,562	$9,414,106	$-559,576

KOREAN COMMUNITY SERVICES OF METROPOLITAN NEW YORK INC