KOREAN AMERICAN SOCIETY OF GREATER KANSAS CITY INC (EIN 510187493) - 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

1976

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

KOREAN AMERICAN SOCIETY OF GREATER KANSAS CITY INC, founded in 1976, is a small nonprofit that reported $127K in total revenue in fiscal year 2023. Revenue fell 51% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $46K, a strong 36% operating margin.

Mission

Hosted events and festivals in order to develop and promote the common welfare of members, and contribute toward better understanding and exchange of Korean and American cultures

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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 $121,178

Program Service Revenue $0

Investment Income $5,751

Other Revenue $0

TOTAL REVENUE $126,929

Expense Breakdown

Grants Paid $3,500

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $64,981

Other Expenses $77,486

TOTAL EXPENSES $80,986

Year-over-Year Comparison

	2023	2022	Change
Revenue	$126,929	$257,026	-0.5%
Expenses	$80,986	$44,241	+0.8%
Net Income	$45,943	$212,785	-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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KYUNGHWAN MUN	DIRECTOR	2.00	Director	$0	$0	$0
JOE CHOI	DIRECTOR	1.00	Director	$0	$0	$0
DAN LEE	DIRECTOR	1.00	Director	$0	$0	$0
DENNIS CHO	DIRECTOR	1.00	Director	$0	$0	$0
MYUNGJAE LEE	DIRECTOR	1.00	Director	$0	$0	$0
YUNGRO JUNG	DIRECTOR	1.00	Director	$0	$0	$0
KEITH AHN	CHAIRMAN	3.00	Director	$0	$0	$0
JUNSU KIM	DIRECTOR	3.00	Director	$0	$0	$0
YOUNG J CHANG	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT AHN	DIRECTOR	1.00	Director	$0	$0	$0
SUNGBAE KIM	PRESIDENT	1.00	Officer Director	$0	$0	$0
YOUNGSOO HAM	VICE PRESIDENT	3.00	Officer	$0	$0	$0
CHANG GEUN KIM	SECRETARY	3.00	Officer	$0	$0	$0
EUNKYUNG JO	TREASURER	1.00	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	No data	No data	No data	No data
2023	$126,929	$80,986	$264,254	$45,943
2022	$257,026	$44,241	$218,312	$212,785

KOREAN AMERICAN SOCIETY OF GREATER KANSAS CITY INC