Korean Senior Association of Color… - 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

Formation Year

1974

Legal Domicile

Principal Officer

Suk Y Guess

Phone

7039949431

Tax Period

2022-01-01 to 2022-12-31

Korean Senior Association of Colorado, founded in 1974, is a small nonprofit that reported $145K in total revenue in fiscal year 2022. Revenue surged 1068% from the prior year, signaling strong growth momentum. Expenses of $130K left a modest 10% surplus.

Mission

Providing information relevant to senior Korean American citizens

Program Service Accomplishments

Program 1

Expenses: $12,864 Revenue: $0

Providing information relevant to senior Korean American citizens translation functions health social capital sharing such as assistance with rides and food delivery

Program 2

Expenses: $23,070 Revenue: $0

Restoration and maintenance of facility in Aurora CO that was donated to the association

Program 3

Expenses: $0 Revenue: $0

Volunteer work at food pantry once per week for many years

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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 $3,171

Program Service Revenue $0

Investment Income $140,749

Other Revenue $600

TOTAL REVENUE $144,520

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $35,934

Other Expenses $129,800

TOTAL EXPENSES $129,800

Year-over-Year Comparison

	2022	2021	Change
Revenue	$144,520	$12,377	+10.7%
Expenses	$129,800	$11,032	+10.8%
Net Income	$14,720	$1,345	+9.9%

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

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
See attachment	Key persons	10.00	Key Emp	$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	$144,520	$129,800	$92,391	$14,720

Korean Senior Association of Colorado