KOREAN AMERICAN MEDICAL ASSOCIATION OF USA INC (EIN 823304552) - 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

2017

Principal Officer

CHESTER KOH

Phone

2015671434

Tax Period

2023-01-01 to 2023-12-31

KOREAN AMERICAN MEDICAL ASSOCIATION OF USA INC, founded in 2017, is a micro nonprofit in the Community Improvement sector that reported $37K in total revenue in fiscal year 2023. Revenue fell 84% from the prior year — a significant decline worth monitoring. Expenses of $86K exceeded revenue, resulting in a 129% operating deficit.

Mission

THE PURPOSES FOR WHICH THE CORPORATION IS FORMED ARE TO PROVIDE BOTH DOMESTIC AND FOREIGN SUPPORT TO DOCTORS, MEDICAL STUDENTS, AND OTHER HEALTHCARE PROVIDERS DESERVING OF ASSISTANCE. MORE SPECIFICALLY, THE PURPOSES OF THE CORPORATION SHALL INCLUDE THE FOLLOWING: (I) PROVIDING FUNDING AND SUPPORT TO DISADVANTAGED STUDENTS SEEKING AN EDCUATION IN THE MEDICAL FIELD; (II) SCHOLARSHIPS AND FELLOWSHIPS TO MEDICAL STUDENTS AND DOCTORS AND PROVIDING TRAINING THROUGH VARIOUS EXCHANGE PROGRAMS; (III) DISTRIBUTING MEDICAL EQUIPMENT, MATERIALS, AND SUPPLIES TO HEALTHCARE PROVIDERS IN NEED OF ASSISTANCE; (IV) SUPPORTING OTHER ORGANIZATIONS THAT PROVIDE THE FOREGOING SERVICES CONSISTENT WITH THE CORPORATIONS PURPOSES; AND (V) TO DO ANY OTHER ACT OR THING NECESSARY OR INCIDENTAL TO OR CONNECTED WITH THE FOREGOING PURPOSES OR IN ADVANCEMENT THEREOF, BUT NOT FOR THE PECUNIARY PROFIT OR FINANCIAL GAIN OF ITS MEMBERS, IF ANY, DIRECTORS, OFFICERS, EXCEPT AS PERMITTED BY LAW.

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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 $31,508

Program Service Revenue $0

Investment Income $5,839

Other Revenue $0

TOTAL REVENUE $37,347

Expense Breakdown

Grants Paid $0

Salaries & Benefits $22,965

Fundraising Expenses $0

Program Expenses $67,066

Other Expenses $62,643

TOTAL EXPENSES $85,608

Year-over-Year Comparison

	2023	2022	Change
Revenue	$37,347	$236,721	-0.8%
Expenses	$85,608	$243,280	-0.6%
Net Income	$-48,261	$-6,559	+6.4%

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

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
BRICE CHOI	DIRECTOR	N/A	Director	$0	$0	$0
MICHELLE KIM	DIRECTOR	N/A	Director	$0	$0	$0
CHESTER KOH	CHAIRMAN	N/A	Director	$0	$0	$0
JENNIFER I LEE	DIRECTOR	N/A	Director	$0	$0	$0
JOHN H WON	DIRECTOR	N/A	Director	$0	$0	$0
K JOHN YUN	DIRECTOR	N/A	Director	$0	$0	$0
JOHN H WON	PRESIDENT	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	$37,347	$85,608	$98,455	$-48,261
2022	$236,721	$243,280	$146,503	$-6,559
2021	$130,239	$245,542	$154,687	$-115,303
2020	$296,995	$39,771	$268,521	$257,224
2019	$324,725	$318,247	$6,996	$6,478

KOREAN AMERICAN MEDICAL ASSOCIATION OF USA INC