KOREA-AMERICA ECONOMIC ASSOCIATION (EIN 251500080) - 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

1994

Legal Domicile

Principal Officer

YOONSEOK LEE

Phone

3154439529

Tax Period

2023-02-01 to 2024-01-31

KOREA-AMERICA ECONOMIC ASSOCIATION, founded in 1994, is a micro nonprofit in the International Affairs sector that reported $76K in total revenue in fiscal year 2023. Expenses of $91K exceeded revenue, resulting in a 20% operating deficit.

Mission

ORGANIZE AND SPONSOR CONFERENCE AND OTHER EDUCATIONAL FORUMS TO PROMOTE AND DISSEMINATE ECONOMIC RESEARCH.

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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 $70,284

Program Service Revenue $0

Investment Income $5,637

Other Revenue $0

TOTAL REVENUE $75,921

Expense Breakdown

Grants Paid $17,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $88,954

Other Expenses $74,224

TOTAL EXPENSES $91,224

Year-over-Year Comparison

	2023	2022	Change
Revenue	$75,921	$76,131	0.0%
Expenses	$91,224	$216,513	-0.6%
Net Income	$-15,303	$-140,382	-0.9%

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

434

Independent Members

434

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
KWANG SOO CHEONG	PRESIDENT-EL	3.00	Officer Director	$0	$0	$0
YONGSEOK SHIN	VICE PRESIDE	3.00	Officer Director	$0	$0	$0
KYOO IL KIM	SECRETARY GE	3.00	Officer Director	$0	$0	$0
YOONSEOK LEE	TREASURER	3.00	Officer Director	$0	$0	$0
YOOSOON CHANG	PRESIDENT	3.00	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
2026	No data	No data	No data	No data
2025	No data	No data	No data	No data
2024	$75,921	$91,224	$524,070	$-15,303
2023	$76,131	$216,513	$460,538	$-140,382
2022	$71,778	$38,965	$600,920	$32,813
2021	$175,008	$19,504	$568,107	$155,504
2021	$175,008	$19,504	$568,107	$155,504
2020	$114,149	$45,027	$412,603	$69,122
2019	$63,926	$57,094	$343,481	$6,832

KOREA-AMERICA ECONOMIC ASSOCIATION