KOREAN WOMEN'S ASSOCIATION (EIN 911066806) - 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

1972

Legal Domicile

Principal Officer

PETER ANSARA

Phone

2535354202

Tax Period

2024-01-01 to 2024-12-31

KOREAN WOMEN'S ASSOCIATION, founded in 1972, is a mid-sized nonprofit in the Human Services sector that reported $74.5M in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $69.1M left a modest 7% surplus.

Mission

KWA PARTNERS WITH DIVERSE COMMUNITIES TO EMPOWER INDIVIDUALS TO LIVE SAFE AND DIGNIFIED LIVES.

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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 $71,469,941

Program Service Revenue $1,623,493

Investment Income $1,401,327

Other Revenue $53,875

TOTAL REVENUE $74,548,636

Expense Breakdown

Grants Paid $0

Salaries & Benefits $63,528,038

Fundraising Expenses $0

Program Expenses $68,297,897

Other Expenses $5,616,624

TOTAL EXPENSES $69,144,662

Year-over-Year Comparison

	2024	2023	Change
Revenue	$74,548,636	$67,817,738	+0.1%
Expenses	$69,144,662	$62,636,987	+0.1%
Net Income	$5,403,974	$5,180,751	+0.0%

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

2448

Volunteers

100

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

$522,273

Total Directors

$522,273

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MYUNG PARK	BOARD CHAIR	10.00	Officer Director	$0	$0	$0
YONI YI	VICE CHAIR	5.00	Officer Director	$0	$0	$0
KYUNG JA SHIN	SECRETARY	3.00	Officer Director	$0	$0	$0
MIN HEE KIN	TREASURER	3.00	Officer Director	$0	$0	$0
KELLY LIE	DIRECTOR	4.00	Director	$0	$0	$0
KELLY SIM	DIRECTOR	2.00	Director	$0	$0	$0
YONG GOERING	DIRECTOR	2.00	Director	$0	$0	$0
HWAJA LEE	DIRECTOR OF FINANCE	40.00	Officer Director	$147,866	$40,401	$188,267
CHERYL LEE	EXECUTIVE DIRECTOR	40.00	Officer Director	$324,003	$10,003	$334,006
GREGORY SCHAFFER	IHC DIRECTOR	40.00	Highest	$150,027	$11,175	$161,202
MIYEOUNG LEE	SOCIAL SERVICE DIRECTOR	40.00	Highest	$108,272	$23,127	$131,399

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	$74,548,636	$69,144,662	$56,828,491	$5,403,974
2023	$67,817,738	$62,636,987	$50,281,805	$5,180,751
2022	$72,355,152	$67,903,073	$44,870,929	$4,452,079
2021	$76,666,055	$71,204,451	$40,215,525	$5,461,604
2020	$59,558,651	$53,294,664	$33,868,628	$6,263,987
2019	$44,149,874	$42,906,307	$26,323,844	$1,243,567
2018	$41,158,199	$38,932,700	$25,735,763	$2,225,499

KOREAN WOMEN'S ASSOCIATION