KOREAN-AMERICAN SENIOR ASSOCIATION OF HOWARD COUNTY INC (EIN 680532365) - 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

2002

Legal Domicile

Principal Officer

YONG N KIM

Phone

4108120608

Tax Period

2023-01-01 to 2023-12-31

KOREAN-AMERICAN SENIOR ASSOCIATION OF HOWARD COUNTY INC, founded in 2002, is a small nonprofit in the Human Services sector that reported $159K in total revenue in fiscal year 2023. The organization ran a surplus of $34K, a strong 21% operating margin.

Mission

WE ENHANCE THE LIVES OF SENIOR CITIZENS THRU ACTIVE PROGRAMS, HEALTHY & WELL BEING LECTURES, MODERN CLASSES, PERSONAL ASSISTANCE AND RESPECT FOR THE ELDERLY.

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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 $159,386

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $159,386

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $125,884

Other Expenses $125,884

TOTAL EXPENSES $125,884

Year-over-Year Comparison

	2023	2022	Change
Revenue	$159,386	N/A	N/A
Expenses	$125,884	N/A	N/A
Net Income	$33,502	N/A	N/A

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

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
YONG N KIM	PRESIDENT	14.00	Officer Director	$0	$0	$0
JULIE KIM	SECRETARY	10.00	Officer Director	$0	$0	$0
SONIA CHANG	VICE PRESIDE	12.00	Officer Director	$0	$0	$0
BRUCE KIM	DIRECTOR	6.00	Director	$0	$0	$0
JACOB CHANG	DIRECTOR	12.00	Director	$0	$0	$0
JEFF KIM	VICE PRESIDE	10.00	Officer Director	$0	$0	$0
SARAH KIM	TREASURER	8.00	Officer Director	$0	$0	$0
YANG SIN	DIRECTOR	12.00	Director	$0	$0	$0
JONG Y KIM	DIRECTOR	12.00	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
2023	$159,386	$125,884	$33,502	$33,502
2023	$140,880	$122,655	No data	$18,225

KOREAN-AMERICAN SENIOR ASSOCIATION OF HOWARD COUNTY INC