KOREAN CLEANERS ASSOCIATION OF METRO ATLANTA INC

EIN: 270744162 Mutual Benefit

DULUTH, GA

Total Revenue
N/A
Total Expenses
$3,000
Total Assets
$147,781
Net Assets
$147,781
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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
2009
Legal Domicile
GA
Principal Officer
HEESOOK HAN
Phone
6782269449
Tax Period
2023-01-01 to 2023-12-31

Mission

TO ESTABLISH EFFECTIVE AND PRODUCTIVE MEANS FOR IMPROVEMENT OF WELFARE AND MEMBERSHIP IN THE KOREAN CLEANING INDUSTRY OF ATLANTA AND THE VICINITY THROUGH CONTINUOUS EFFORTS ON EXCHANGE OF INFORMATION, COORDINATION, PUBLICATION,STATISTICAL RESEARCH, AND CONSULTATION.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $0

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $2,400
TOTAL EXPENSES $3,000

Year-over-Year Comparison

2023 2022 Change
Revenue N/A $23,968 -1.0%
Expenses $3,000 $36,148 -0.9%
Net Income N/A $-12,180 N/A
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

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Governance

Voting Members
5
Independent Members
200
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
1
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
HEESOOK HAN OFFICER N/A
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
2023 No data $3,000 $147,781 No data
2022 $23,968 $36,148 $150,781 $-12,180
2021 $93,000 $60,396 $162,961 $32,604
2020 $27,693 $4,597 $130,357 $23,096
2018 $44,290 $35,524 $88,405 $8,766
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