KOREA ASSOCIATION OF VIRGINIA IN WASHINGTON METROPOLITIAN AREA

EIN: 824030204 501(c)(3)

VIENNA, VA

Total Revenue
$43,057
Total Expenses
$34,194
Total Assets
$27,620
Net Assets
$27,620
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2018
Legal Domicile
VA
Principal Officer
YEONGCHEON KIM
Phone
7033034866
Tax Period
2019-01-01 to 2019-12-31

KOREA ASSOCIATION OF VIRGINIA IN WASHINGTON METROPOLITIAN AREA, founded in 2018, is a micro nonprofit that reported $43K in total revenue in fiscal year 2019. Revenue surged 43% from the prior year, signaling strong growth momentum. The organization ran a surplus of $9K, a strong 21% operating margin.

Mission

Advocate for the rights of Korean-American and promote the economic activities and prosperity of the Korean-American community.

Program Service Accomplishments

Program 1

Fund raising to support Korean-american community organizations.

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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%)

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Financial Overview (2019)

Revenue Breakdown

Contributions & Grants $43,057
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $43,057

Expense Breakdown

Grants Paid $22,300
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $11,894
TOTAL EXPENSES $34,194

Year-over-Year Comparison

2019 2018 Change
Revenue $43,057 $30,032 +0.4%
Expenses $34,194 $11,275 +2.0%
Net Income $8,863 $18,757 -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

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Governance

Voting Members
31
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
1
$0
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
IL K CHOE PRESIDENT 010.00
Officer Director
$0 $0 $0
BEOPM GU YEO DIRECTOR 010.00
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
2019 $43,057 $34,194 $27,620 $8,863
2018 $30,032 $11,275 $18,757 $18,757
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