KOREAN AMERICAN DISABLED PEOPLE ASSOCIATION INC (EIN 521871971) - 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

1993

Legal Domicile

Principal Officer

JUNGHEE GOGUE

Phone

4103139927

Tax Period

2023-01-01 to 2023-12-31

KOREAN AMERICAN DISABLED PEOPLE ASSOCIATION INC, founded in 1993, is a micro nonprofit in the Human Services sector that reported $65K in total revenue in fiscal year 2023. Revenue surged 41% from the prior year, signaling strong growth momentum. Expenses of $76K exceeded revenue, resulting in a 18% operating deficit.

Mission

TO SERVE KOREAN FAMILIES WITH DISABLED CHILDREN WHO ARE UNABLE TO TAKE FULL ADVANTAGE OF AVAILABLE LOCAL, STATE AND FEDERAL SERVICES BY HELPING THESE FAMILIES TO OVERCOME LANGUAGE AND INFORMATIONAL BARRIERS.

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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 $64,659

Program Service Revenue $0

Investment Income $7

Other Revenue $0

TOTAL REVENUE $64,666

Expense Breakdown

Grants Paid $0

Salaries & Benefits $18,690

Fundraising Expenses $0

Program Expenses $11,866

Other Expenses $57,467

TOTAL EXPENSES $76,157

Year-over-Year Comparison

	2023	2022	Change
Revenue	$64,666	$45,923	+0.4%
Expenses	$76,157	$42,543	+0.8%
Net Income	$-11,491	$3,380	-4.4%

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

N/A

Employees

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
JIN H BAEK	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
SEON CHUNG	DIRECTOR	N/A	Director	$0	$0	$0
JUNGHEE GOGUE	PRESIDENT	N/A	Officer Director	$0	$0	$0
TAE JUN HEO	DIRECTOR	N/A	Director	$0	$0	$0
SHIN KI KIM	DIRECTOR	N/A	Director	$0	$0	$0
SI HWAN PARK	TREASURER	N/A	Officer Director	$0	$0	$0
SUN SONG	SECRETARY	N/A	Officer Director	$0	$0	$0
SEMI YEO	DIRECTOR	N/A	Director	$0	$0	$0
CHANG YI	DIRECTOR	N/A	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	$64,666	$76,157	$372,954	$-11,491
2022	$45,923	$42,543	$384,275	$3,380
2021	$20,307	$39,027	$380,939	$-18,720
2020	$26,484	$33,201	$399,597	$-6,717
2019	$44,923	$51,775	$406,237	$-6,852
2018	$43,027	$54,395	$413,164	$-11,368

KOREAN AMERICAN DISABLED PEOPLE ASSOCIATION INC