HANUL FAMILY ALLIANCE F/K/A THE KOREAN-AMERICAN SR CTR (EIN 363519498) - Form 990 Financial Analysis & Trantor Score

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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

1987

Legal Domicile

Principal Officer

IRENE JISUN SOHN

Phone

7734788851

Tax Period

2024-07-01 to 2025-06-30

THE KOREAN AMERICAN SENIOR CENTER INC, founded in 1987, is a community nonprofit in the Human Services sector that reported $3.3M in total revenue in fiscal year 2018. Revenue grew 8% year-over-year, indicating healthy expansion.

Mission

TO EDUCATE AND CARE FOR SENIOR KOREAN AMERICANS THROUGH JOB REFERRALS AND STATE CHORE WORKERS.

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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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $9,032,697

Program Service Revenue $217,603

Investment Income $65,129

Other Revenue $638,115

TOTAL REVENUE $9,953,544

Expense Breakdown

Grants Paid $0

Salaries & Benefits $7,420,528

Fundraising Expenses $29,795

Program Expenses $8,803,058

Other Expenses $2,180,030

TOTAL EXPENSES $9,600,558

Year-over-Year Comparison

	2024	2023	Change
Revenue	$9,953,544	$9,574,247	+0.0%
Expenses	$9,600,558	$8,113,844	+0.2%
Net Income	$352,986	$1,460,403	-0.8%

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

Governance

Voting Members

Independent Members

Employees

268

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

$95,000

Total Directors

$80,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
IRENE JISUN SOHN	EXECUTIVE DI	40.00	Officer	$95,000	$0	$95,000
YIHYUN KIM	DIRECTOR	5.00	Director	$80,000	$0	$80,000
ANN CHOH	DIRECTOR	5.00	Director	$0	$0	$0
JAE EUN HAN	DIRECTOR	5.00	Director	$0	$0	$0
HYUN JAE IHM	DIRECTOR	5.00	Director	$0	$0	$0
MI-YEON KWON KATZ	DIRECTOR	5.00	Director	$0	$0	$0
BEVERLY KIM	DIRECTOR	5.00	Director	$0	$0	$0
CHUNG C KIM	DIRECTOR	5.00	Director	$0	$0	$0
DENNY H KIM	DIRECTOR	5.00	Director	$0	$0	$0
HO BUM KIM	DIRECTOR	5.00	Director	$0	$0	$0
HOLLY KIM	DIRECTOR	5.00	Director	$0	$0	$0
JERRY KIM	TREASURER	5.00	Director	$0	$0	$0
KILJUNG KIM	DIRECTOR	5.00	Director	$0	$0	$0
KYEONGMO KIM	DIRECTOR	5.00	Director	$0	$0	$0
DAVID J KOO	DIRECTOR	5.00	Director	$0	$0	$0
KYUNG W KOO	DIRECTOR	5.00	Director	$0	$0	$0
DANIEL H LEE	DIRECTOR	5.00	Director	$0	$0	$0
JANE HEE LEE	DIRECTOR	5.00	Director	$0	$0	$0
JEENY V LEE	VICE PRESIDE	5.00	Director	$0	$0	$0
LUCIA LEE	DIRECTOR	5.00	Director	$0	$0	$0
SUNAE MA	DIRECTOR	5.00	Director	$0	$0	$0
DAVID C NAMKUNG	DIRECTOR	5.00	Director	$0	$0	$0
JOHN OH	DIRECTOR	5.00	Director	$0	$0	$0
SARA OH	SECRETARY	5.00	Director	$0	$0	$0
REGINA PARK	DIRECTOR	5.00	Director	$0	$0	$0
SOJUNG PARK	DIRECTOR	5.00	Director	$0	$0	$0
SUNGHEE SOHN	PRESIDENT	5.00	Director	$0	$0	$0
GRACE SONG	DIRECTOR	5.00	Director	$0	$0	$0
MATTHEW J SUH	DIRECTOR	5.00	Director	$0	$0	$0
WILLIAM SUHR	DIRECTOR	5.00	Director	$0	$0	$0
YONGJOO KIM	DIRECTOR	5.00	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
2025	$9,953,544	$9,600,558	$6,034,687	$352,986
2024	$9,574,247	$8,113,844	$5,687,137	$1,460,403
2023	$7,220,782	$6,517,674	$4,300,762	$703,108
2022	$5,703,474	$5,435,740	$3,306,753	$267,734
2021	$5,391,963	$4,409,140	$3,105,020	$982,823
2020	$3,895,301	$3,630,160	$2,638,780	$265,141
2019	$3,258,642	$3,257,374	$1,822,103	$1,268

HANUL FAMILY ALLIANCE F/K/A THE KOREAN-AMERICAN SR CTR