KOREAN AMERICAN PHARMACISTS ASSOCIATION (EIN 261876892) - 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

2008

Legal Domicile

Principal Officer

CHANG HO YOO

Phone

2137386000

Tax Period

2023-01-01 to 2023-12-31

KOREAN AMERICAN PHARMACISTS ASSOCIATION, founded in 2008, is a micro nonprofit in the Recreation & Sports sector that reported $11K in total revenue in fiscal year 2023. Revenue fell 96% from the prior year — a significant decline worth monitoring. Expenses of $81K exceeded revenue, resulting in a 616% operating deficit.

Mission

Korean american Pharmacists Association was established to provide non-profit mutual benefits to its members.The organization is dedicated to enhancing the professionalism among pharmacists by promoting high ethical standards, educating pharmacists in order to improve the quality of pharmacy services and advancing the standards

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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 $11,371

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $11,371

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $79,830

Other Expenses $81,443

TOTAL EXPENSES $81,443

Year-over-Year Comparison

	2023	2022	Change
Revenue	$11,371	$264,259	-1.0%
Expenses	$81,443	$216,127	-0.6%
Net Income	$-70,072	$48,132	-2.5%

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

N/A

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
CHANG HO YOO	PRESIDENT	20.00	Officer	$0	$0	$0
MYUNG HA JO	SECRETARY	10.00	Officer	$0	$0	$0
MIKYUNG KIM	CHIEF FINANCIAL OFFICER	20.00	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
2024	No data	No data	No data	No data
2023	$11,371	$81,443	$12,542	$-70,072
2022	$264,259	$216,127	$82,614	$48,132
2021	$12,462	$1,150	$34,482	$11,312
2020	$156,126	$166,999	$23,170	$-10,873
2019	$381,306	$367,283	$281,384	$14,023
2018	$286,921	$267,888	$356,125	$19,033

KOREAN AMERICAN PHARMACISTS ASSOCIATION