COUNCIL OF KOREAN AMERICANS INC

EIN: 273496925 501(c)(3) Arts, Culture & Humanities

WASHINGTON, DC

Total Revenue
$2,468,629
Total Expenses
$1,560,813
Total Assets
$2,390,311
Net Assets
$2,096,512
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2011
Legal Domicile
DC
Principal Officer
LINDA BUTCHER
Phone
2026600900
Tax Period
2024-04-01 to 2025-03-31

COUNCIL OF KOREAN AMERICANS INC, founded in 2011, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.5M in total revenue in fiscal year 2024. Revenue surged 62% from the prior year, signaling strong growth momentum. The organization ran a surplus of $908K, a strong 37% operating margin.

Mission

TO ADVANCE THE NATIONAL VOICE AND INFLUENCE OF THE KOREAN AMERICAN COMMUNITY THROUGH COLLABORATION AND LEADERSHIP DEVELOPMENT.

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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 $2,525,543
Program Service Revenue $350,366
Investment Income $31,779
Other Revenue $-439,059
TOTAL REVENUE $2,468,629

Expense Breakdown

Grants Paid $0
Salaries & Benefits $668,859
Fundraising Expenses $100,015
Program Expenses $1,344,645
Other Expenses $891,954
TOTAL EXPENSES $1,560,813

Year-over-Year Comparison

2024 2023 Change
Revenue $2,468,629 $1,523,447 +0.6%
Expenses $1,560,813 $1,519,606 +0.0%
Net Income $907,816 $3,841 +235.3%
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
20
Independent Members
20
Employees
6
Volunteers
50

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
8
$487,591
Total Directors
20
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ANGELA KILLOREN DIRECTOR 1.00
Director
$0 $0 $0
ESTER SONG DIRECTOR 1.00
Director
$0 $0 $0
EUGENE CHOI DIRECTOR 1.00
Director
$0 $0 $0
GLORIA J LEE DIRECTOR UNTIL 11/2024 1.00
Director
$0 $0 $0
HOSEA CHANG DIRECTOR 1.00
Director
$0 $0 $0
KATE SEITZ TREASURER 1.00
Officer Director
$0 $0 $0
KEE B PARK DIRECTOR 1.00
Director
$0 $0 $0
LEEZIE KIM DIRECTOR 1.00
Director
$0 $0 $0
LISA YANG SECRETARY 1.00
Officer Director
$0 $0 $0
PETER HUH CHAIR UNTIL NOVEMBER 2024 1.00
Officer Director
$0 $0 $0
RANDY SIM DIRECTOR, CO-VICE CHAIR AS OF 3/2025 1.00
Officer Director
$0 $0 $0
SOO VENKATESAN VICE CHAIR, CHAIR AS OF 11/2024 1.00
Officer Director
$0 $0 $0
SUZANNE KIM DOUD GALLI DIRECTOR UNTIL 11/2024 1.00
Director
$0 $0 $0
LUCY LEE DIRECTOR, CO-VICE CHAIR AS OF 3/2025 1.00
Officer Director
$0 $0 $0
AARON KIM DIRECTOR AS OF 11/2024 1.00
Director
$0 $0 $0
TINA KIM DIRECTOR AS OF 11/2024 1.00
Director
$0 $0 $0
YUL KWON DIRECTOR 1.00
Director
$0 $0 $0
CATHARINA MIN DIRECTOR AS OF 11/2024 1.00
Director
$0 $0 $0
DEBBIE SHON DIRECTOR AS OF 11/2024 1.00
Director
$0 $0 $0
WILLIAM UM DIRECTOR 1.00
Director
$0 $0 $0
ABRAHAM KIM EXECUTIVE DIRECTOR 40.00
Officer
$283,045 $30,480 $313,525
LINDA BUTCHER MANAGING DIRECTOR 40.00
Officer
$144,138 $29,928 $174,066
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 $2,468,629 $1,560,813 $2,390,311 $907,816
2024 $1,523,447 $1,519,606 $1,501,791 $3,841
2023 $1,693,164 $1,499,765 $1,336,176 $193,399
2022 $222,449 $289,783 $1,254,977 $-67,334
2020 $1,046,241 $786,338 $841,837 $259,903
2019 $1,062,191 $1,102,441 $325,909 $-40,250
2018 $1,099,933 $1,233,346 $411,113 $-133,413
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