KOREAN WAR VETERANS ASSOCIAION INC… - 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

Legal Domicile

Principal Officer

JOHN C CONDON

Phone

9287260102

Tax Period

2022-01-01 to 2022-12-31

KOREAN WAR VETERANS ASSOCIAION INC AMERICAN VETERANS OF YUMA is a small nonprofit in the Public & Societal Benefit sector that reported $324K in total revenue in fiscal year 2022. Revenue surged 41% from the prior year, signaling strong growth momentum. The organization ran a surplus of $270K, a strong 83% operating margin.

Mission

WE ARE A NONPROFIT VETERANS ORGANIZATION PROVIND I ENVIRMENT TO HONOR THOSE WHO SERVES OUR COUNTY WITH DIGNITY AND RESPECT WE PROVIDE ASSISTANCE TO ENHANCE THE WELL BEING OF OUR VETERANS THEIR FAMILIES AND OUR COMMUNITY

Program Service Accomplishments

Program 1

WE PROVIDE ASSISTANCE TO ENHANCE THE WELL BEING OF OUR VETERANS AND THEIR FAMILIES AND OUR COMMUNITY

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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 (2022)

Revenue Breakdown

Contributions & Grants $905

Program Service Revenue $0

Investment Income $0

Other Revenue $322,862

TOTAL REVENUE $323,767

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $53,694

TOTAL EXPENSES $53,694

Year-over-Year Comparison

	2022	2021	Change
Revenue	$323,767	$229,087	+0.4%
Expenses	$53,694	$150,465	-0.6%
Net Income	$270,073	$78,622	+2.4%

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

N/A

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
JOHN M CONDON	PRESIDENT	30.00	Officer Director	$0	$0	$0
J COTTER	VICE PRESIDENT	30.00	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
2022	$323,767	$53,694	$867,613	$270,073
2021	$229,087	$150,465	$597,540	$78,622
2020	$133,276	$118,756	$589,871	$14,520

KOREAN WAR VETERANS ASSOCIAION INC AMERICAN VETERANS OF YUMA