KOREAN SENIOR CITIZENS ASSOCIATION OF HOUSTON (EIN 742188545) - 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

1984

Legal Domicile

Principal Officer

KWAN HO CHON

Phone

7134656588

Tax Period

2024-10-01 to 2025-09-30

KOREAN SENIOR CITIZENS ASSOCIATION OF HOUSTON, founded in 1984, is a small nonprofit in the Human Services sector that reported $116K in total revenue in fiscal year 2024. Net assets of $826K represent 86 months of operating reserves.

Mission

Promoting friendship and unity in members to enhance and promote the moral standard of the Houston Community.The Association provide various community related educational classes for seniors.

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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 (2024)

Revenue Breakdown

Contributions & Grants $95,651

Program Service Revenue $0

Investment Income $16,457

Other Revenue $3,500

TOTAL REVENUE $115,608

Expense Breakdown

Grants Paid $3,700

Salaries & Benefits $27,902

Fundraising Expenses $0

Program Expenses $16,181

Other Expenses $83,193

TOTAL EXPENSES $114,795

Year-over-Year Comparison

	2024	2023	Change
Revenue	$115,608	$115,482	+0.0%
Expenses	$114,795	$98,528	+0.2%
Net Income	$813	$16,954	-1.0%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KWAN HO CHON	President	25.00	Officer Director	$0	$0	$0
HYUK CHUL JEONG	Director	25.00	Director	$0	$0	$0
YOUNG A KIM	Director	25.00	Director	$0	$0	$0
THOMAS YU	Director	25.00	Director	$0	$0	$0
CHUNG SUK OH	Director	25.00	Director	$0	$0	$0
SUNG AE KIM	Director	25.00	Director	$0	$0	$0
WOON BAE KIM	Secretary	25.00	Officer	$0	$0	$0
CHI YONG BANG	Treasurer	25.00	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
2025	$115,608	$114,795	$828,015	$813
2024	$115,482	$98,528	$827,201	$16,954
2023	$100,758	$85,160	$810,247	$15,598
2022	$133,811	$94,435	$798,250	$39,376
2021	$80,626	$81,203	$760,884	$-577
2020	$23,370	$86,017	$760,127	$-62,647
2019	$100,925	$85,536	$819,577	$15,389
2018	$113,181	$90,202	$804,146	$22,979

KOREAN SENIOR CITIZENS ASSOCIATION OF HOUSTON