KOREAN AMERICAN SENIOR ASSOCIATION… - Form 990 Financial Data

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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

2012

Legal Domicile

Principal Officer

CHUCK KIM

Tax Period

2023-01-01 to 2023-12-31

KOREAN AMERICAN SENIOR ASSOCIATION OF ANCHORAGE, founded in 2012, is a micro nonprofit in the Human Services sector that reported $71K in total revenue in fiscal year 2023. Revenue grew 20% year-over-year, indicating healthy expansion. The organization ran a surplus of $32K, a strong 44% operating margin.

Mission

CHARITABLE ACTIVITIES, CITIZENSHOP EDUCATION, ELDERLY HEALTH SEMINARS, RECREATION BAL ACTIVITIES.

Program Service Accomplishments

Program 1

Expenses: $22,251

SENIOR CITIZENS' SOCIAL, CULTURAL AND CIVIC ACTIVITIES

Program 2

Expenses: $6,200

CHARITIES TO SUPPORT ORGANIZATIONS FOR EDUCATION, SPORTS AND CULTULRAL EVENTS

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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 $35,650

Program Service Revenue $0

Investment Income $0

Other Revenue $35,528

TOTAL REVENUE $71,178

Expense Breakdown

Grants Paid $6,200

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $28,451

Other Expenses $31,308

TOTAL EXPENSES $39,568

Year-over-Year Comparison

	2023	2022	Change
Revenue	$71,178	$59,378	+0.2%
Expenses	$39,568	$27,116	+0.5%
Net Income	$31,610	$32,262	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

Governance

Voting Members

Independent Members

N/A

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
KON TAEK YI	PRESIDENT	5.000	Officer Director	$0	$0	$0
CHUCK KIM	TREASURER	5.000	Officer	$0	$0	$0
KWANG YON LEE	TREASURER	5.000	Officer Director	$0	$0	$0
JAE HWA LEE	SECRETARY	1.000	Officer Director	$0	$0	$0
HELEN A KIM	VICE PRESIDENT	1.000	Officer Director	$0	$0	$0
ANDREW JEONG	DIRECTOR	1.000	Director	$0	$0	$0
DO HYUN BAEK	DIRECTOR	1.000	Director	$0	$0	$0
THOMAS KIM	DIRECTOR	1.000	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	No data	No data	No data	No data
2023	$71,178	$39,568	$66,784	$31,610
2022	$59,378	$27,116	$35,174	$32,262

KOREAN AMERICAN SENIOR ASSOCIATION OF ANCHORAGE