Korean American Association of Indiana Inc

EIN: 832643174 501(c)(3) Human Services

Indianapolis, IN

Total Revenue
$17,300
Total Expenses
$27,352
Total Assets
$70,641
Net Assets
$70,341
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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
2019
Legal Domicile
IN
Principal Officer
Hai soo Woo
Tax Period
2020-01-01 to 2020-12-31

Korean American Association of Indiana Inc, founded in 2019, is a micro nonprofit in the Human Services sector that reported $17K in total revenue in fiscal year 2020. Revenue fell 89% from the prior year — a significant decline worth monitoring. Expenses of $27K exceeded revenue, resulting in a 58% operating deficit.

Mission

to promote fellowship and ties between Korean-Americans contributing to the development of Korean American society.

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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 (2020)

Revenue Breakdown

Contributions & Grants $17,300
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $17,300

Expense Breakdown

Grants Paid $18,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $22,405
Other Expenses $9,352
TOTAL EXPENSES $27,352

Year-over-Year Comparison

2020 2019 Change
Revenue $17,300 $156,355 -0.9%
Expenses $27,352 $10,709 +1.6%
Net Income $-10,052 $145,646 -1.1%
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
19
Independent Members
19
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
12
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Samuel K Huh Director 1.00
Director
$0 $0 $0
Sung J Kim Director 1.00
Director
$0 $0 $0
BJ Sung Director 1.00
Director
$0 $0 $0
Lewis Lee Director 1.00
Director
$0 $0 $0
Sangyong Lee Director 1.00
Director
$0 $0 $0
Seok B Yun Director 1.00
Director
$0 $0 $0
Sonny Ro Director 1.00
Director
$0 $0 $0
Rae Basbagill Director of Business Developm 5.00
Officer
$0 $0 $0
Sul Lee Director of Medical Bureau 5.00
Officer
$0 $0 $0
Hae lee Cho Director of Law 5.00
Officer
$0 $0 $0
Johnathon Yun Secretary General 5.00
Officer
$0 $0 $0
Taedoo Kim Chief Administrator 5.00
Officer
$0 $0 $0
Hai soo Woo President 5.00
Officer
$0 $0 $0
Young-hee Yedinak Vice President 5.00
Officer
$0 $0 $0
Richard Y Ryu Treasurer 5.00
Officer
$0 $0 $0
Jungkook Lee Director of Strategic Plannin 5.00
Officer
$0 $0 $0
John J Lee Director of Education 5.00
Officer
$0 $0 $0
Kyoung L Payton Director of Women Department 5.00
Officer
$0 $0 $0
Song Y Kang Audit Director 5.00
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
2024 No data No data No data No data
2020 $17,300 $27,352 $70,641 $-10,052
2019 $156,355 $75,962 $101,615 $80,393
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