KOREAN AMERICAN GRASSROOTS CONFERE… - Form 990 Financial Data

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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

2015

Legal Domicile

Principal Officer

Won Song

Phone

2024504252

Tax Period

2023-01-01 to 2023-12-31

KOREAN AMERICAN GRASSROOTS CONFERENCE INC, founded in 2015, is a small nonprofit in the Arts, Culture & Humanities sector that reported $576K in total revenue in fiscal year 2023. Revenue decreased 6% compared to the prior year. Expenses of $500K left a modest 13% surplus.

Mission

to provide voter education and advocate voting rights for Korean American citizens

Program Service Accomplishments

Program 1

Expenses: $172,453 Revenue: $0

Korean American Grassroots Conference The annual Korean American Grassroots Conference (KAGC) is an annual gathering of Korean American community leaders,grassroots activists, and voters from across the nation. In between the national conference, those in the KAGC network host regional seminars to promote more active civic participation on the grassroots level. We provide voter education, and educate grassroots civic activities to both conference participants and local partner organizations. KAGC aims to develop civic leadership, support active engagement on the grassroots level, and organize our community all acrossnation

Program 2

Expenses: $137,267 Revenue: $0

Korean American Grassroots Conference University (KAGC U) KAGCU seeks to educate, develop, and engage future Korean American leaders for local youth organization and grassroots civic engagement of...

Korean American Grassroots Conference University (KAGC U) KAGCU seeks to educate, develop, and engage future Korean American leaders for local youth organization and grassroots civic engagement of campus across the United States, and train them to take active role in the community

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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 (2023)

Revenue Breakdown

Contributions & Grants $576,006

Program Service Revenue $0

Investment Income $84

Other Revenue $0

TOTAL REVENUE $576,090

Expense Breakdown

Grants Paid $0

Salaries & Benefits $370,521

Fundraising Expenses $0

Program Expenses $309,720

Other Expenses $129,686

TOTAL EXPENSES $500,207

Year-over-Year Comparison

	2023	2022	Change
Revenue	$576,090	$615,850	-0.1%
Expenses	$500,207	$573,756	-0.1%
Net Income	$75,883	$42,094	+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

N/A

Employees

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

$109,800

Total Directors

Key Employees

$234,300

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Dongsuk Kim	President	40	Key Emp Highest	$124,500	$0	$124,500
Won Song	Executive Director	40	Officer Key Emp	$109,800	$0	$109,800
Ilsun Choi	Board Chair	1	Director	$0	$0	$0
Jason Choo	TREASURER	1	Director	$0	$0	$0
Yewon Byun	DIRECTOR	1	Director	$0	$0	$0
Jonghyung Kim	DIRECTOR	1	Director	$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	No data	No data	No data	No data
2023	$576,090	$500,207	$325,944	$75,883
2022	$615,850	$573,756	$261,904	$42,094
2021	$448,109	$510,592	$211,494	$-62,483
2020	$463,866	$475,933	$273,951	$-12,067
2019	$848,500	$759,926	$278,225	$88,574

KOREAN AMERICAN GRASSROOTS CONFERENCE INC