KOREAN AMATEUR SPORT ASSOCIATION OF WASHINGTON STATE

EIN: 900868808 501(c)(3) Recreation & Sports

LYNNWOOD, WA

Total Revenue
$78,820
Total Expenses
$84,730
Total Assets
$2,892
Net Assets
$2,892
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Legal Domicile
WA
Principal Officer
KISEUNG CHO
Phone
4254445458
Tax Period
2023-01-01 to 2023-12-31

KOREAN AMATEUR SPORT ASSOCIATION OF WASHINGTON STATE is a micro nonprofit in the Recreation & Sports sector that reported $79K in total revenue in fiscal year 2023. Revenue surged 64% from the prior year, signaling strong growth momentum.

Mission

KOREAN AMATEUR SPORT ASSOCIATION OF WA STATE'S MISSION IS TO PROMOTE THE EVENT TO HELP UNITE OUR FIRST AND SECOND GENERATION IMMIGRANTS AND CREATE A SENSE OF CLOSE COMMUNITY AMONG KOREANS LIVING IN THE UNITED STATES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $78,820
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $78,820

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $81,521
Other Expenses $84,730
TOTAL EXPENSES $84,730

Year-over-Year Comparison

2023 2022 Change
Revenue $78,820 $48,202 +0.6%
Expenses $84,730 $39,400 +1.2%
Net Income $-5,910 $8,802 -1.7%
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
10
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
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KISEUNG CHO CHAIRMAN N/A
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
2023 $78,820 $84,730 $2,892 $-5,910
2022 $48,202 $39,400 $8,802 $8,802
2019 $302,722 $302,722 No data No data
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