KOREAN AMERICAN CHAMBER OF COMMERCE IN GREATER NEW YORK CORP

EIN: 273459862 Community Improvement

FLUSHING, NY

Total Revenue
$23,800
Total Expenses
$23,224
Total Assets
$8,742
Net Assets
$8,742
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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
2010
Legal Domicile
NY
Principal Officer
SUNG K KIM
Phone
3477491680
Tax Period
2022-01-01 to 2022-12-31

KOREAN AMERICAN CHAMBER OF COMMERCE IN GREATER NEW YORK CORP, founded in 2010, is a micro nonprofit in the Community Improvement sector that reported $24K in total revenue in fiscal year 2022.

Mission

TO SUPPORT LOCALLY BASED KOREAN BUSINESSES WITH PRACTICAL INFORMATION AND PROMOTE FRIENDLY RELATIONS AMONG ITS MEMBERS. SPONSOR PROGRAMS WHICH WILL BE DESIGNED TO PROVIDE ESSENTIAL INFORMATION, AND FACILITATE STRONG BONDAGE AMONG THE MEMBERS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $23,800
Investment Income $0
Other Revenue $0
TOTAL REVENUE $23,800

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $23,224
TOTAL EXPENSES $23,224

Year-over-Year Comparison

2022 2021 Change
Revenue $23,800 $22,800 +0.0%
Expenses $23,224 $20,986 +0.1%
Net Income $576 $1,814 -0.7%
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

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Governance

Voting Members
2
Independent Members
1
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
SUNG K KIM DIRECTOR 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
2022 $23,800 $23,224 $8,742 $576
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