DEPARTMENT OF TEXAS KOREAN WAR VET… - Form 990 Financial Data

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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

2025-01-01 to 2025-12-31

DEPARTMENT OF TEXAS KOREAN WAR VETERANS, founded in 2005, is a micro nonprofit in the Mutual Benefit sector that reported $14K in total revenue in fiscal year 2025. Revenue fell 342% from the prior year — a significant decline worth monitoring.

Mission

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.

Program Service Accomplishments

Program 1

Expenses: $1,400

PROVIDE MUTUAL SUPPORT TO MEMBERSHIP AT TIME OF BEREAVEMENT.

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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 (2025)

Revenue Breakdown

Contributions & Grants $1,000

Program Service Revenue $0

Investment Income $0

Other Revenue $-14,833

TOTAL REVENUE $-13,833

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,400

Other Expenses $1,400

TOTAL EXPENSES $1,400

Year-over-Year Comparison

	2025	2024	Change
Revenue	$-13,833	$5,712	-3.4%
Expenses	$1,400	$90	+14.6%
Net Income	$-15,233	$5,622	-3.7%

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
ARTHUR BRYAN	DIRECTOR	2.00	Director	$0	$0	$0
FERMIN CANTU	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
2025	$-13,833	$1,400	$13,558	$-15,233
2024	No data	No data	No data	No data
2023	$4,643	$7,234	$23,169	$-2,591
2022	$17,670	$18,687	$25,760	$-1,017
2022	$30,250	$18,687	$38,340	$11,563
2021	$11,974	$12,347	$26,777	$-373
2020	$12,430	$6,042	$27,150	$6,388

DEPARTMENT OF TEXAS KOREAN WAR VETERANS