Central Senior Center (EIN 541962648) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1992

Legal Domicile

Principal Officer

Minwha Chun

Phone

5712146764

Tax Period

2024-01-01 to 2024-12-31

Central Senior Center, founded in 1992, is a community nonprofit in the Human Services sector that reported $1.1M in total revenue in fiscal year 2020. Revenue decreased 14% compared to the prior year. Expenses of $1.0M left a modest 11% surplus.

Mission

The mission is to provide services to an elderly in the DC Metro area to maintain their spiritual, physical and emotional health and safety in order to improve quality of life and help them live independently at home.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $196,151

Program Service Revenue $366,958

Investment Income $0

Other Revenue $0

TOTAL REVENUE $563,109

Expense Breakdown

Grants Paid $0

Salaries & Benefits $432,846

Fundraising Expenses $0

Program Expenses $522,315

Other Expenses $210,822

TOTAL EXPENSES $643,668

Year-over-Year Comparison

	2024	2023	Change
Revenue	$563,109	$1,187,785	-0.5%
Expenses	$643,668	$1,343,737	-0.5%
Net Income	$-80,559	$-155,952	-0.5%

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

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

$23,675

Total Directors

$23,675

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Minwha Chun	Executive Director	30.00	Officer Director	$18,260	$0	$18,260
Rev Eung Yul Ryoo	Chair of Directors	1.00	Director	$0	$0	$0
Kay Kang	Director	8.00	Director	$0	$0	$0
Kyungmi Yeo	Assistant Director	15.00	Officer Director	$5,415	$0	$5,415
Elder Ki Chan Jin	Director	1.00	Director	$0	$0	$0
Elder Jay Noh	Director	1.00	Director	$0	$0	$0
Elder Phi Hong Yoon	Director	1.00	Director	$0	$0	$0
Peter Lee	Director	1.00	Director	$0	$0	$0
Dr Kenneth Kim	Director	1.00	Director	$0	$0	$0
Eun Hea Lee	Secretary	1.00	Officer 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	$563,109	$643,668	$69,112	$-80,559
2023	$1,187,785	$1,343,737	$149,671	$-155,952
2022	$1,399,080	$1,429,219	$305,623	$-30,139
2021	$1,336,581	$1,357,445	$488,861	$-20,864
2020	$1,145,379	$1,022,609	$520,657	$122,770

Central Senior Center