KOREAN-AMERICAN SENIOR CITIZENS ASSOCIATION INC (EIN 521598987) - 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

1989

Legal Domicile

Principal Officer

KWANG W LEE

Phone

3014387304

Tax Period

2023-01-01 to 2023-12-31

KOREAN-AMERICAN SENIOR CITIZENS ASSOCIATION INC, founded in 1989, is a small nonprofit in the Human Services sector that reported $183K in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $156K left a modest 14% surplus.

Mission

HELP SENIORS TO SETTLE IN USA

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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 $119,527

Program Service Revenue $63,050

Investment Income $11

Other Revenue $0

TOTAL REVENUE $182,588

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $144,266

Other Expenses $45,019

TOTAL EXPENSES $156,259

Year-over-Year Comparison

	2023	2022	Change
Revenue	$182,588	$160,163	+0.1%
Expenses	$156,259	$128,040	+0.2%
Net Income	$26,329	$32,123	-0.2%

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
HELEN CHOI	VICE PRESIDE	15.00	Officer	$0	$0	$0
YOUNG JA KIM	TREASURER	30.00	Officer	$0	$0	$0
KWANG W LEE	PRESIDENT	35.00	Officer	$0	$0	$0
YOUNGSOOK LEE	SECRETARY	15.00	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	$182,588	$156,259	$219,586	$26,329
2022	$160,163	$128,040	$193,257	$32,123
2021	$139,319	$93,179	$161,134	$46,140
2020	$100,479	$93,733	$114,994	$6,746
2019	$155,033	$148,697	$108,248	$6,336
2018	$169,406	$160,693	$101,912	$8,713

KOREAN-AMERICAN SENIOR CITIZENS ASSOCIATION INC