GEORGIA KOREAN-AMERICAN FARMERS ASSOCIATION INC (EIN 842083949) - 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

2019

Legal Domicile

Principal Officer

JOSEPH K KOH

Phone

4702669186

Tax Period

2024-01-01 to 2024-12-31

GEORGIA KOREAN-AMERICAN FARMERS ASSOCIATION INC, founded in 2019, is a small nonprofit in the Food, Agriculture & Nutrition sector that reported $551K in total revenue in fiscal year 2024. Expenses of $620K exceeded revenue, resulting in a 13% operating deficit.

Mission

PROVIDES EDUCATION TO KOREAN-AMERICAN FARMERS AND SUPPORTS THEM WITH FEDERAL USDA GRANTS

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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 (2024)

Revenue Breakdown

Contributions & Grants $550,710

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $550,710

Expense Breakdown

Grants Paid $0

Salaries & Benefits $108,933

Fundraising Expenses $0

Program Expenses $419,033

Other Expenses $510,864

TOTAL EXPENSES $619,797

Year-over-Year Comparison

	2024	2023	Change
Revenue	$550,710	$550,867	0.0%
Expenses	$619,797	$537,399	+0.2%
Net Income	$-69,087	$13,468	-6.1%

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

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

$16,667

Total Directors

$100,001

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHI S KIM	DIRECTOR	030.00	Director	$33,333	$0	$33,333
JOSEPH KOH	PRESIDENT	020.00	Officer Director	$16,667	$0	$16,667
HOPE KHO	DIRECTOR	020.00	Director	$16,667	$0	$16,667
CHRISTINA KIM	DIRECTOR	020.00	Director	$16,667	$0	$16,667
SEUNG HEE LEE	DIRECTOR	020.00	Director	$16,667	$0	$16,667

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	$550,710	$619,797	$55,002	$-69,087
2023	$550,867	$537,399	$15,156	$13,468
2022	$111,600	$111,654	$5,488	$-54

GEORGIA KOREAN-AMERICAN FARMERS ASSOCIATION INC