KOREA DEFENSE VETERANS ASSOCIATION

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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

2017

Legal Domicile

Principal Officer

COL RET SEUNG JOON LEE

Phone

7036083319

Tax Period

2024-01-01 to 2024-12-31

KOREA DEFENSE VETERANS ASSOCIATION, founded in 2017, is a small nonprofit in the International Affairs sector that reported $716K in total revenue in fiscal year 2024. Revenue fell 22% from the prior year — a significant decline worth monitoring. Expenses of $841K exceeded revenue, resulting in a 17% operating deficit.

Mission

TO ENHANCE THE REPUBLIC OF KOREA-UNITED STATES ALLIANCE BY ADVOCATING FOR THE ALLIANCE AND SUPPORT THE PEOPLE WHO BUILT AND SERVE THE ALLIANCE.

Program Service Accomplishments

Program 1

Expenses: $600,822 Revenue: $20,738

KDVA CONDUCTED 2 WEBINARS, 11 ON-SITE EVENTS, AND SUPPORTED SEVERAL PARTNER EVENTS. THIS INCLUDES KDVA KOREA CHAPTER AND US CHAPTERS' ACTIVITIES.

Program 2

Expenses: $110,683

KDVA'S WEBSITE AND SOCIAL MEDIA PROGRAMS SUPPORT ACTIVITIES TO EDUCATE THE PUBLIC ABOUT THE ROK-U.S. ALLIANCE AND OUR VETERANS AND INCREASED OVERALL SOCIAL MEDIA OUTREACH BY OVER 2,924,603 IN 2024...

KDVA'S WEBSITE AND SOCIAL MEDIA PROGRAMS SUPPORT ACTIVITIES TO EDUCATE THE PUBLIC ABOUT THE ROK-U.S. ALLIANCE AND OUR VETERANS AND INCREASED OVERALL SOCIAL MEDIA OUTREACH BY OVER 2,924,603 IN 2024. KDVA DIGITAL LIBRARY ON THE KDVA WEBSITE HOUSES MOST OF KDVA'S WORK INCLUDING PERSONAL STORIES FROM VETERANS, KDVA VIDEOS, AND KDVA QUARTERLY JOURNALS.

Program 3

Expenses: $25,276

KDVA MEMBERSHIP PROGRAMS AND ACTIVITIES DRAW PEOPLE TO JOIN KDVA TO SUPPORT THE ROK-U.S. ALLIANCE AND OUR VETERANS AND INCLUDE MEMBERSHIP DRIVES AND MEMBERSHIP MATERIALS. KDVA INCREASED MEMBERSHIP BY...

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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 $695,734

Program Service Revenue $20,738

Investment Income $0

Other Revenue $0

TOTAL REVENUE $716,472

Expense Breakdown

Grants Paid $251,151

Salaries & Benefits $285,023

Fundraising Expenses $0

Program Expenses $736,781

Other Expenses $305,205

TOTAL EXPENSES $841,379

Year-over-Year Comparison

	2024	2023	Change
Revenue	$716,472	$922,560	-0.2%
Expenses	$841,379	$910,928	-0.1%
Net Income	$-124,907	$11,632	-11.7%

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

160

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

$130,208

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GEN RET CURTIS SCAPARROTTI	CHAIRMAN/PRESIDENT	5.00	Officer Director	$0	$0	$0
GEN RET ROBERT ABRAMS	US VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
LT GEN RET THOMAS BERGESON	DIRECTOR	0.50	Director	$0	$0	$0
LT GEN RET MICHAEL BILLS	DIRECTOR	0.50	Director	$0	$0	$0
MAJ GEN RET JEANETTE EDMUNDS	DIRECTOR	0.50	Director	$0	$0	$0
COL RET ROCKY HARDER	DIRECTOR (UNTIL APRIL 2024)	0.50	Director	$0	$0	$0
MR JONG-WOOK KIM	DIRECTOR	0.50	Director	$0	$0	$0
LT GEN RET KEON WAN LEE	DIRECTOR (UNTIL MAY 2024)	0.50	Director	$0	$0	$0
MAJ GEN RET JAMES LUKEMAN	DIRECTOR	0.50	Director	$0	$0	$0
CSM RET STEVEN PAYTON	DIRECTOR	0.50	Director	$0	$0	$0
MAJ GEN RET SE WOO PYO	DIRECTOR	0.50	Director	$0	$0	$0
MAJ GEN RET KYOUNG SOO SHIN	DIRECTOR	0.50	Director	$0	$0	$0
COL RET SEUNG JOON LEE	SR VP OF OPERATIONS/SECRETARY	40.00	Officer	$130,208	$0	$130,208

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	$716,472	$841,379	$94,836	$-124,907
2023	$922,560	$910,928	$180,438	$11,632
2022	$647,183	$664,977	$174,506	$-17,794
2021	$435,746	$403,949	$169,628	$31,797
2020	$427,709	$428,678	$129,319	$-969
2019	$404,116	$390,955	$145,739	$13,161
2018	$351,226	$461,068	$136,192	$-109,842