INTERNATIONAL ASSOCIATION OF KOREAN LAWYERS INC (EIN 770483441) - 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

1998

Legal Domicile

Principal Officer

CHARLES JUNG

Phone

6154570959

Tax Period

2023-01-01 to 2023-12-31

INTERNATIONAL ASSOCIATION OF KOREAN LAWYERS INC, founded in 1998, is a micro nonprofit in the Community Improvement sector that reported $5K in total revenue in fiscal year 2023. Revenue fell 98% from the prior year — a significant decline worth monitoring. Expenses of $123K exceeded revenue, resulting in a 2266% operating deficit.

Mission

PROFESSIONAL BUSINESS ASSOCIATION

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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 $5,200

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $5,200

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $102,792

Other Expenses $123,051

TOTAL EXPENSES $123,051

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,200	$247,378	-1.0%
Expenses	$123,051	$200,845	-0.4%
Net Income	$-117,851	$46,533	-3.5%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PHILIP CHO	CO-VP	N/A	Officer Director	$0	$0	$0
SHIRLEY CHO	DIRECTOR	N/A	Director	$0	$0	$0
JIWON HA	DIRECTOR	N/A	Director	$0	$0	$0
SABINA HAN	DIRECTOR	N/A	Director	$0	$0	$0
CRISTINA HWANG	TREASURER	N/A	Officer Director	$0	$0	$0
CHARLES JUNG	PRESIDENT	N/A	Officer Director	$0	$0	$0
JOHN MIN	DIRECTOR	N/A	Director	$0	$0	$0
KIM ERIC MORIC	DIRECTOR	N/A	Director	$0	$0	$0
WADE PYUN	CO-VP	N/A	Officer Director	$0	$0	$0
PETER J RHO	DIRECTOR	N/A	Director	$0	$0	$0
LISA J YANG	DIRECTOR	N/A	Director	$0	$0	$0
MARY JANE YOON	SECRETARY	N/A	Officer Director	$0	$0	$0
HANS CHANG	MARKETING OF	N/A	Officer	$0	$0	$0
MIN SUH	GENERAL COUN	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
2024	No data	No data	No data	No data
2023	$5,200	$123,051	$283,172	$-117,851
2022	$247,378	$200,845	$398,514	$46,533
2021	$23,155	$11,132	$351,952	$12,023
2020	No data	$13,135	$340,229	No data
2019	$13,203	$91,009	$353,519	$-77,806
2018	$334,324	$205,805	$433,672	$128,519

INTERNATIONAL ASSOCIATION OF KOREAN LAWYERS INC