THE KOREAN COMMUNITY CENTER OF NEW YORK INC

EIN: 550841763 501(c)(3)

NEW YORK, NY

Total Revenue
$30,400
Total Expenses
$17,817
Total Assets
N/A
Net Assets
N/A
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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
2003
Legal Domicile
NY
Principal Officer
YOUNG TAI CHOI
Phone
9172875534
Tax Period
2023-01-01 to 2023-12-31

THE KOREAN COMMUNITY CENTER OF NEW YORK INC, founded in 2003, is a micro nonprofit that reported $30K in total revenue in fiscal year 2023. Revenue fell 42% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $13K, a strong 41% operating margin.

Mission

COMMUNITY SERVICES FOR KOREAN AMERICANS IN THE TRI STATE AREA : TO PROVIDE RECREATIONAL, SOCIAL, CHARITABLE, EDUCATIONAL AND OTHER ACTIVITIES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $30,400
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $30,400

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $17,817
Other Expenses $17,817
TOTAL EXPENSES $17,817

Year-over-Year Comparison

2023 2022 Change
Revenue $30,400 $51,997 -0.4%
Expenses $17,817 $39,829 -0.6%
Net Income $12,583 $12,168 +0.0%
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
3
Independent Members
3
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
2
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
HEE NAM BAE PRESIDENT N/A
Officer
$0 $0 $0
YOUNG TAI CHOI TREASURER N/A
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
2023 $30,400 $17,817 No data $12,583
2022 $51,997 $39,829 $1,326,875 $12,168
2021 $39,924 $50,152 $1,346,532 $-10,228
2018 $54,200 $56,340 $1,339,496 $-2,140
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