FEDERATION OF MID-SOUTH KOREAN ASSOCIATIONS (EIN 384103603) - 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

2019

Legal Domicile

Principal Officer

KYONG KO

Phone

9154331878

Tax Period

2025-01-01 to 2025-12-31

FEDERATION OF MID-SOUTH KOREAN ASSOCIATIONS, founded in 2019, is a small nonprofit in the Arts, Culture & Humanities sector that reported $110K in total revenue in fiscal year 2025. Revenue surged 31% from the prior year, signaling strong growth momentum. The organization ran a surplus of $22K, a strong 20% operating margin.

Mission

FEMSKA IS TO ENHANCE THE STATUS OF KOREANS AND ACTIVELY COOPERATE IN PROMOTING THE ACTIVITIES OF THE KOREAN ASSOCIATIONS IN EACH REGION.

🔒

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 (2025)

Revenue Breakdown

Contributions & Grants $110,397

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $110,397

Expense Breakdown

Grants Paid $43,400

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $88,821

Other Expenses $45,421

TOTAL EXPENSES $88,821

Year-over-Year Comparison

	2025	2024	Change
Revenue	$110,397	$84,030	+0.3%
Expenses	$88,821	$82,841	+0.1%
Net Income	$21,576	$1,189	+17.1%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SOO KIL JEON	DIRECTOR	3.00	Director	$0	$0	$0
KYONG KO	PRESIDENT	20.00	Officer	$0	$0	$0
BYONG BAE	VICE PRESIDENT	3.00	Officer	$0	$0	$0
SUNG KANG	TREASURER	20.00	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	$110,397	$88,821	$54,043	$21,576
2024	$84,030	$82,841	$32,467	$1,189
2023	$15,800	$34,576	$31,278	$-18,776
2022	$107,817	$64,845	$50,554	$42,972
2021	$55,620	$68,148	$6,732	$-12,528
2020	$63,732	$49,874	$19,110	$13,858

FEDERATION OF MID-SOUTH KOREAN ASSOCIATIONS