THE KOREAN ASSOCIATION OF THE GREATER ATLANTA AREA INC (EIN 510168072) - Form 990 Financial Analysis & Trantor Score

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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

1974

Legal Domicile

Principal Officer

HONG K LEE

Phone

7708138988

Tax Period

2024-01-01 to 2024-12-31

THE KOREAN ASSOCIATION OF THE GREATER ATLANTA AREA INC, founded in 1974, is a small nonprofit that reported $158K in total revenue in fiscal year 2024. Revenue fell 41% from the prior year — a significant decline worth monitoring. Net assets of $3.0M represent 227 months of operating reserves.

Mission

SUPPORTING KOREANS TO INTEGRATE WITH AMERICAN COMMUNITIES AND PROVIDING VITAL SERVICES TO BENEFIT KOREAN AND THEIR SOCIETIES

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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 (2024)

Revenue Breakdown

Contributions & Grants $151,134

Program Service Revenue $6,843

Investment Income $0

Other Revenue $0

TOTAL REVENUE $157,977

Expense Breakdown

Grants Paid $0

Salaries & Benefits $30,955

Fundraising Expenses $0

Program Expenses $15,197

Other Expenses $142,023

TOTAL EXPENSES $172,978

Year-over-Year Comparison

	2024	2023	Change
Revenue	$157,977	$267,152	-0.4%
Expenses	$172,978	$219,669	-0.2%
Net Income	$-15,001	$47,483	-1.3%

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

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
HONG K LEE	PRESIDENT	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
2024	$157,977	$172,978	$2,991,954	$-15,001
2023	$267,152	$219,669	$3,006,955	$47,483
2022	$397,920	$340,554	$4,015,272	$57,366
2021	$248,474	$279,190	$4,251,950	$-30,716
2020	$201,373	$335,070	$4,282,666	$-133,697
2019	$169,664	$314,248	$4,416,363	$-144,584
2018	$362,301	$528,941	$4,560,947	$-166,640

THE KOREAN ASSOCIATION OF THE GREATER ATLANTA AREA INC