DEPARTMENT OF TEXAS KOREAN WAR VETERANS (EIN 270079091) - 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

2005

Legal Domicile

Principal Officer

MAUREEN JOUETT

Phone

2546819112

Tax Period

2023-01-01 to 2023-12-31

DEPARTMENT OF TEXAS KOREAN WAR VETERANS, founded in 2005, is a micro nonprofit in the Mutual Benefit sector that reported $5K in total revenue in fiscal year 2023. Revenue fell 74% from the prior year — a significant decline worth monitoring. Expenses of $7K exceeded revenue, resulting in a 56% operating deficit.

Mission

THE PURPOSE OF THE DEPARTMENT IS TO SERVE AS A STRUCTURE FOR MEMBER CHAPTERS TO JOIN IN MUTUAL SUPPORT ON ISSUES OF COMMON INTEREST TO THE MEMBERSHIP IN EACH OF THE CHAPTERS, AND TO SUPPORT THE NATIONAL GOALS OF THE KOREAN WAR VETERANS ASSOCIATION, INC.

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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 $2,000

Program Service Revenue $0

Investment Income $0

Other Revenue $2,643

TOTAL REVENUE $4,643

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $7,234

Other Expenses $7,234

TOTAL EXPENSES $7,234

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,643	$17,670	-0.7%
Expenses	$7,234	$18,687	-0.6%
Net Income	$-2,591	$-1,017	+1.5%

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

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
THOMAS CACY	DIRECTOR	2.00	Director	$0	$0	$0
ROY LYTLE	DIRECTOR	2.00	Director	$0	$0	$0
ALVIS J KEYS	PRESIDENT	5.00	Officer	$0	$0	$0
FERMIN CANTU	VICE PRESIDENT	5.00	Officer	$0	$0	$0
MAUREEN J JOUETT	SECRETARY/TREASURER	10.00	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	$4,643	$7,234	$23,169	$-2,591
2022	$30,250	$18,687	$38,340	$11,563
2022	$17,670	$18,687	$25,760	$-1,017
2021	$11,974	$12,347	$26,777	$-373
2020	$12,430	$6,042	$27,150	$6,388

DEPARTMENT OF TEXAS KOREAN WAR VETERANS