The League of Korean Americans USA Inc

EIN: 541661857 501(c)(3) Arts, Culture & Humanities

CLARKSVILLE, MD

Total Revenue
$50,287
Total Expenses
$56,206
Total Assets
$37,013
Net Assets
$37,013
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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
MD
Principal Officer
Young R Smith
Phone
4439969171
Tax Period
2024-01-01 to 2024-12-31

The League of Korean Americans USA Inc, founded in 1993, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $50K in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $56K exceeded revenue, resulting in a 12% operating deficit.

Mission

Working with local county offices agencies and not profit organization for sponsoring and supporting Korean American communities

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $50,287
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $50,287

Expense Breakdown

Grants Paid $5,370
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $56,206
Other Expenses $50,836
TOTAL EXPENSES $56,206

Year-over-Year Comparison

2024 2023 Change
Revenue $50,287 $46,175 +0.1%
Expenses $56,206 $45,302 +0.2%
Net Income $-5,919 $873 -7.8%
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

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Governance

Voting Members
43
Independent Members
43
Employees
N/A
Volunteers
10

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
1
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Young Smith 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 $50,287 $56,206 $37,013 $-5,919
2023 $46,175 $45,302 $42,932 $873
2022 $39,725 $35,960 $42,060 $3,765
2021 $109,123 $92,166 $38,294 $16,957
2018 $1,745 $1,561 No data $184
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