Korean American Association of Greater Philadelphia (EIN 510325643) - 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

1990

Legal Domicile

Principal Officer

Kevin Kim

Phone

2154505128

Tax Period

2024-01-01 to 2024-12-31

Korean American Association of Greater Philadelphia, founded in 1990, is a micro nonprofit in the Human Services sector that reported $90K in total revenue in fiscal year 2024. Revenue surged 30% from the prior year, signaling strong growth momentum. The organization ran a surplus of $43K, a strong 48% operating margin.

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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 $89,564

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $89,564

Expense Breakdown

Grants Paid $22,970

Salaries & Benefits $6,000

Fundraising Expenses $0

Program Expenses $43,291

Other Expenses $17,590

TOTAL EXPENSES $46,560

Year-over-Year Comparison

	2024	2023	Change
Revenue	$89,564	$68,948	+0.3%
Expenses	$46,560	N/A	N/A
Net Income	$43,004	$68,948	-0.4%

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	Role	Reportable Comp	Other Comp	Total
James Kim	President	Officer Director	$0	$0	$0
Kyong Yi	Chairperson	Director	$0	$0	$0
Namsoo Cho	Senior VP	Director	$0	$0	$0
Soo Jin Han	VP & Treasurer	Director	$0	$0	$0
John Lee	VP	Director	$0	$0	$0
Christina Haahs	Secretary general	Director	$0	$0	$0
Albert Kim	Auditor	Director	$0	$0	$0
Solomon Kim	Director	Director	$0	$0	$0
Min Jung	Director	Director	$0	$0	$0
Susan Noh	Director	Director	$0	$0	$0
Michael Choe	Director	Director	$0	$0	$0
Marcia Kwagh	Director	Director	$0	$0	$0
Thomas Ryu	Director	Director	$0	$0	$0
Sung Ho Park	Director	Director	$0	$0	$0
Steven Kim	Director	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	$89,564	$46,560	$299,084	$43,004
2023	$68,948	$70,745	$316,080	$-1,797
2022	$132,394	$131,389	$323,692	$1,005
2021	$110,732	$136,113	$313,726	$-25,381
2020	$134,527	$119,321	$339,107	$15,206
2019	$108,539	$116,478	$323,901	$-7,939

Korean American Association of Greater Philadelphia