Korean American Association and Community Center of Houston (EIN 760045328) - 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

1978

Legal Domicile

Principal Officer

Kun Chee Youn

Phone

7134438054

Tax Period

2024-01-01 to 2024-12-31

Korean American Association and Community Center of Houston, founded in 1978, is a small nonprofit in the Arts, Culture & Humanities sector that reported $269K in total revenue in fiscal year 2024. Net assets of $1.2M represent 54 months of operating reserves.

Mission

Teaching and introducing Korean language, history, and culture to Houston community.

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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 $157,655

Program Service Revenue $49,560

Investment Income $0

Other Revenue $62,010

TOTAL REVENUE $269,225

Expense Breakdown

Grants Paid $22,020

Salaries & Benefits $58,503

Fundraising Expenses $0

Program Expenses $127,901

Other Expenses $207,139

TOTAL EXPENSES $287,662

Year-over-Year Comparison

	2024	2023	Change
Revenue	$269,225	$279,696	0.0%
Expenses	$287,662	$318,079	-0.1%
Net Income	$-18,437	$-38,383	-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

Total Directors

$9,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Eun Ju Park	Board Member	2.00	Director	$9,000	$0	$9,000
Inho Kim	Board Member	2.00	Director	$0	$0	$0
Kun Chee Youn	Director	2.00	Officer Director	$0	$0	$0
Chan Ju Youn	Board Member	2.00	Director	$0	$0	$0
Hyun Jung Kim	Board Member	2.00	Director	$0	$0	$0
Christopher C Kwon	Director	2.00	Director	$0	$0	$0
Mi-Sun Song	Director	2.00	Director	$0	$0	$0
Helen Chang	Board Member	2.00	Director	$0	$0	$0
David Shin	Board Member	2.00	Director	$0	$0	$0
Hyunja Norman	Board Member	2.00	Director	$0	$0	$0
Bo Kyung Koo	Board Member	2.00	Director	$0	$0	$0
Kim Sharp	Board Member	2.00	Director	$0	$0	$0
Mark Shim	Director	2.00	Officer Director	$0	$0	$0
Casey Kang	Director	2.00	Officer Director	$0	$0	$0
Ann Dorn	Director	2.00	Officer Director	$0	$0	$0
Jennifer Knesek	Board Member	2.00	Director	$0	$0	$0
Yohan Park	Board Member	2.00	Director	$0	$0	$0
Jin Tae Mok	Director	2.00	Officer Director	$0	$0	$0
Jay MacLean	Board Member	2.00	Director	$0	$0	$0
Scotty Jung	Director	2.00	Officer Director	$0	$0	$0
Ki Myun Choung	Board Member	2.00	Director	$0	$0	$0
Liam Yang	Board member	2.00	Director	$0	$0	$0
Nate Han	Board Member	2.00	Director	$0	$0	$0
Steve Yun	Director	2.00	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
2024	$269,225	$287,662	$1,213,023	$-18,437
2023	$279,696	$318,079	$1,231,728	$-38,383
2022	$275,938	$255,167	$1,279,088	$20,771
2021	$238,986	$250,549	$1,253,348	$-11,563
2020	$300,361	$257,522	$1,266,415	$42,839
2019	$308,213	$310,671	$1,228,171	$-2,458
2018	$300,975	$321,249	$1,233,289	$-20,274
2018	$300,975	$315,326	$1,222,547	$-14,351

Korean American Association and Community Center of Houston