Minneapolis, MN
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)Korean Service Center, founded in 1990, is a community nonprofit in the Human Services sector that reported $2.3M in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. The organization ran a surplus of $614K, a strong 27% operating margin.
The Korean Service Center is dedicated to provide needed resources and services to vulnerable Koreans and other immigrant-Americans while striving to promote their rich cultural heritage for all international people.
The Organization's Long-Term Care program provides 24-hour customized living support services. The program prioritizes seniors aged 65 and older who have immigrated to the United States and may face...
The Organization's Long-Term Care program provides 24-hour customized living support services. The program prioritizes seniors aged 65 and older who have immigrated to the United States and may face language and cultural barriers. This program also offers vital transportation services for hospital visits and medical appointments. Serving approximately 500 cases per year, the program supports seniors aged 65 and older, as well as individuals under 65 with disabilities. This service ensures that clients can access essential healthcare safely and reliably, reducing barriers caused by mobility, language, or cultural challenges. The goal is to help these seniors live independently, healthily, and comfortably in their own homes.
The Family Enrichment Program provides a range of community-based services designed to promote wellness and engagement. One such initiative is SBC, or Seniors Better Connected in MN, which assists...
The Family Enrichment Program provides a range of community-based services designed to promote wellness and engagement. One such initiative is SBC, or Seniors Better Connected in MN, which assists seniors aged 65 and older in learning to use electronic devices. It also encourages participation in mental wellness activities, thereby fostering digital literacy and emotional connection among seniors. Another key program is CCC, or COVID-19 Community Coordinators, which focuses on supporting the mental and physical health of vulnerable groups, particularly seniors. This program aims to promote community engagement and aid in recovery following the COVID-19 pandemic.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $2,309,169 | $2,066,189 | +0.1% |
| Expenses | $1,695,224 | $1,584,853 | +0.1% |
| Net Income | $613,945 | $481,336 | +0.3% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Dennis K Kim | Chairman | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| Jihee Woo | Treasurer | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| Sangyeoul Jung | Board Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Kay Yang-Cha | Board Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Hyun Kim | Board Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Jungyong Park | Board Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Hyunwon Shin | Board Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Sungjoo Hong | Board Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Hee Yun Lee | Board Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Sang Won Song | Board Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Sooyoung Nou | Board Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Kwangja Kwon | Executive Director | 40.00 |
Officer
|
$96,123 | $688 | $96,811 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $2,309,169 | $1,695,224 | $3,098,385 | $613,945 |
| 2023 | $2,066,189 | $1,584,853 | $2,486,787 | $481,336 |
| 2022 | $2,098,454 | $1,491,404 | $2,123,363 | $607,050 |
| 2021 | $1,929,526 | $1,403,384 | $1,540,078 | $526,142 |
| 2020 | $1,861,860 | $1,423,769 | $1,082,179 | $438,091 |
| 2019 | $1,455,369 | $1,394,787 | $478,047 | $60,582 |
| 2018 | $1,472,783 | $1,434,973 | $425,954 | $37,810 |
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