KOREAN AMERICAN CHAMBER OF COMMERCE OF ORANGE COUNTY

EIN: 271433569 Mutual Benefit

Buena Park, CA

Total Revenue
$372,594
Total Expenses
$404,690
Total Assets
$151,874
Net Assets
$141,874
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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
CA
Principal Officer
JIM KOO
Phone
7146381440
Tax Period
2024-01-01 to 2024-12-31

KOREAN AMERICAN CHAMBER OF COMMERCE OF ORANGE COUNTY, founded in 2009, is a small nonprofit in the Mutual Benefit sector that reported $373K in total revenue in fiscal year 2024.

Mission

To promote networking among members and protect the interests and businesses of the Korean American Commuity in Orange County. By acting as a spokesperson, to collect and distribute business related information.

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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 (2024)

Revenue Breakdown

Contributions & Grants $372,594
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $372,594

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $347,007
TOTAL EXPENSES $404,690

Year-over-Year Comparison

2024 2023 Change
Revenue $372,594 $381,846 0.0%
Expenses $404,690 $264,488 +0.5%
Net Income $-32,096 $117,358 -1.3%
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
95
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
3
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JIM KOO CEO 015.00
Officer
$0 $0 $0
TIM PARK SECRETARY 015.00
Officer
$0 $0 $0
EDWARD YOUN CFO 010.00
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 $372,594 $404,690 $151,874 $-32,096
2023 $381,846 $264,488 $167,058 $117,358
2022 $321,453 $348,954 $50,601 $-27,501
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