FEDERATION OF MID-SOUTH KOREAN ASSOCIATIONS

EIN: 384103603 501(c)(3) Arts, Culture & Humanities

Anthony, NM

Total Revenue
$110,397
Total Expenses
$88,821
Total Assets
$54,043
Net Assets
$54,043
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2019
Legal Domicile
TX
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.

Program Service Accomplishments

Program 1
Expenses: $31,212 Revenue: $37,100

ENGAGED IN AND PROVIDED SUPPORT FOR EVENTS ORGANIZED BY KOREAN-AMERICAN ASSOCIATIONS IN VARIOUS STATES.

Program 2
Expenses: $6,281 Revenue: $3,719

ALLOCATED FUNDS FOR LEGAL COUNSEL TO SUPPORT ITS ONGOING LEGAL CLAIMS AND USED OPERATIONAL FUNDS TO HOST EXECUTIVE MEETINGS AND OTHER SMALL MEETINGS NECESSARY FOR MANAGING THE ORGANIZATION.

Program 3
Expenses: $4,384 Revenue: $1,000

HELD REGULAR GENERAL MEETINGS AND SEMINARS FOR ITS MEMBERS AND CONDUCTED ELECTIONS TO SELECT THE PRESIDENT.

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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 (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
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Financial Health Indicators

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

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Liquidity & Cash Position

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Governance

Voting Members
55
Independent Members
55
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
3
$0
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
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
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