KOREAN WOMENS ASSOCIATION OF MICHIGAN

EIN: 383153944 501(c)(3) Community Improvement

Livonia, MI

Total Revenue
$32,463
Total Expenses
$29,911
Total Assets
$58,488
Net Assets
$58,488
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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

Phone
7345580029
Tax Period
2024-01-01 to 2024-12-31

KOREAN WOMENS ASSOCIATION OF MICHIGAN is a micro nonprofit in the Community Improvement sector that reported $32K in total revenue in fiscal year 2024. Revenue surged 36% from the prior year, signaling strong growth momentum. Expenses of $30K left a modest 8% surplus.

Mission

EDUCATE MEMBERS AND ENHENCE COMMUNITY RELATIONS

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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 $29,005
Program Service Revenue $0
Investment Income $3,379
Other Revenue $79
TOTAL REVENUE $32,463

Expense Breakdown

Grants Paid $0
Salaries & Benefits $200
Fundraising Expenses $0
Program Expenses $29,911
Other Expenses $29,159
TOTAL EXPENSES $29,911

Year-over-Year Comparison

2024 2023 Change
Revenue $32,463 $23,788 +0.4%
Expenses $29,911 $21,629 +0.4%
Net Income $2,552 $2,159 +0.2%
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
13
Independent Members
13
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
SOO SIEBER PRESIDENT 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
2024 $32,463 $29,911 $58,488 $2,552
2023 $23,788 $21,629 $55,936 $2,159
2022 $38,643 $37,968 $53,777 $675
2021 $9,942 $14,367 $53,102 $-4,425
2020 $4,221 $8,145 $57,527 $-3,924
2019 $23,054 $9,271 $61,451 $13,783
2018 $12,604 $8,596 $47,668 $4,008
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