Korean American Seniors Association of OC

EIN: 330413664 501(c)(3)

Garden Grove, CA

Total Revenue
$209,186
Total Expenses
$245,141
Total Assets
$1,062,572
Net Assets
$782,572
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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
1990
Legal Domicile
CA
Phone
7145306419
Tax Period
2023-01-01 to 2023-12-31

Korean American Seniors Association of OC, founded in 1990, is a small nonprofit that reported $209K in total revenue in fiscal year 2023. Revenue fell 38% from the prior year — a significant decline worth monitoring. Expenses of $245K exceeded revenue, resulting in a 17% operating deficit.

Mission

Senior welfare

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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 $209,186
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $209,186

Expense Breakdown

Grants Paid $0
Salaries & Benefits $93,368
Fundraising Expenses $0
Program Expenses $173,850
Other Expenses $151,773
TOTAL EXPENSES $245,141

Year-over-Year Comparison

2023 2022 Change
Revenue $209,186 $337,256 -0.4%
Expenses $245,141 $405,531 -0.4%
Net Income $-35,955 $-68,275 -0.5%
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
47
Independent Members
47
Employees
5
Volunteers
10

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
KA DEUNG KIM PRESIDENT 20.00
Officer
$0 $0 $0
MARK KANG SECRETARY 20.00
Officer
$0 $0 $0
ANNA JUNG TREASURY 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
2024 No data No data No data No data
2023 $209,186 $245,141 $1,062,572 $-35,955
2022 $337,256 $405,531 $768,911 $-68,275
2021 $389,141 $422,333 $864,582 $-33,192
2020 $64,414 $71,728 $926,241 $-7,314
2019 $482,433 $400,294 $933,953 $82,139
2018 $495,516 $426,341 $927,038 $69,175
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