KOREAN AMERICAN ASSOCIATION OF CHICAGO (EIN 363235868) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1983

Legal Domicile

Principal Officer

JULIE E CHOI

Phone

7738781900

Tax Period

2024-07-01 to 2025-06-30

KOREAN AMERICAN ASSOCIATION OF CHICAGO, founded in 1983, is a micro nonprofit in the Human Services sector that reported $87K in total revenue in fiscal year 2018. Revenue fell 72% from the prior year — a significant decline worth monitoring. Expenses of $110K exceeded revenue, resulting in a 27% operating deficit.

Mission

PROMOTE THE STATUS OF THE KOREAN COMMUNITY IN MAINSTREAM AMERICAN SOCIETY, ADVANCE CIVIL RIGHTS FOR KOREAN AMERICANS, GUIDE THE TRANSITION OF NEWLY ARRIVED KOREAN IMMIGRANTS, PROVIDE JOB-MARKET INFORMATION.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $208,251

Program Service Revenue $7,590

Investment Income $5,143

Other Revenue $9,456

TOTAL REVENUE $230,440

Expense Breakdown

Grants Paid $0

Salaries & Benefits $23,024

Fundraising Expenses $0

Program Expenses $78,378

Other Expenses $188,928

TOTAL EXPENSES $211,952

Year-over-Year Comparison

	2024	2023	Change
Revenue	$230,440	$372,883	-0.4%
Expenses	$211,952	$344,824	-0.4%
Net Income	$18,488	$28,059	-0.3%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

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

Total Directors

$22,300

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JULIE CHOI	PRESIDENT	40.00	Director	$0	$0	$0
JAE EUN HEO	VICE PRESIDENT	40.00	Director	$22,300	$0	$22,300
DONNIE B C OH	DIRECTOR	0.00	Director	$0	$0	$0
STEVEN H LEE	DIRECTOR	0.00	Director	$0	$0	$0
KIRAN KIM	CHAIRMAN	0.00	Director	$0	$0	$0
MICHELLE KIM	DIRECTOR	0.00	Director	$0	$0	$0
SEI CHAI CHANG	DIRECTOR	0.00	Director	$0	$0	$0
SUNNY KIM	DIRECTOR	0.00	Director	$0	$0	$0
SUNGMIN KIM	DIRECTOR	0.00	Director	$0	$0	$0
SUNG WUN KIM	DIRECTOR	0.00	Director	$0	$0	$0
PAUL KIM	DIRECTOR	0.00	Director	$0	$0	$0
JENNIFER NO	DIRECTOR	0.00	Director	$0	$0	$0
MUN HUI KANG	DIRECTOR	0.00	Director	$0	$0	$0
LUCY PAIK	DIRECTOR	0.00	Director	$0	$0	$0
BYUNG MOON	DIRECTOR	0.00	Director	$0	$0	$0
YOUNG E PARK	DIRECTOR	0.00	Director	$0	$0	$0
JANE PARK	DIRECTOR	0.00	Director	$0	$0	$0
SUNGHOON SON	DIRECTOR	0.00	Director	$0	$0	$0
ANDREW OH	VICE CHAIRMAN	0.00	Director	$0	$0	$0
KWIJUNG GRACE RYU	DIRECTOR	0.00	Director	$0	$0	$0
JAE YOON	TREASURER	0.00	Director	$0	$0	$0
GUNIL DANNY PARK	SECRETARY	0.00	Director	$0	$0	$0
RANSIL PARK	DIRECTOR	0.00	Director	$0	$0	$0
SI SEOK SEO	DIRECTOR	0.00	Director	$0	$0	$0
KYONGHWA YUN	DIRECTOR	0.00	Director	$0	$0	$0
SOO JAE LEE	DIRECTOR	0.00	Director	$0	$0	$0
OKSOON CHO	DIRECTOR	0.00	Director	$0	$0	$0
JUNG JA HURH	DIRECTOR	0.00	Director	$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
2025	$230,440	$211,952	$1,291,760	$18,488
2023	$974,117	$290,434	$1,278,234	$683,683
2022	$384,179	$88,866	$554,796	$295,313
2021	$95,940	$139,450	$241,562	$-43,510
2020	$222,805	$180,024	$285,770	$42,781
2019	$86,637	$110,103	$240,186	$-23,466

KOREAN AMERICAN ASSOCIATION OF CHICAGO