KOREAN AMERICAN PROFESSIONAL SOCIET

EIN: 911659811 501(c)(3) Employment

BELLEVUE, WA

Total Revenue
$36,657
Total Expenses
$23,494
Total Assets
$67,898
Net Assets
$60,630
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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
1994
Principal Officer
SAM CHO
Tax Period
2023-01-01 to 2023-12-31

KOREAN AMERICAN PROFESSIONAL SOCIET, founded in 1994, is a micro nonprofit in the Employment sector that reported $37K in total revenue in fiscal year 2023. Revenue fell 55% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $13K, a strong 36% operating margin.

Mission

CIVIC EDUCATION AND COMMUNITY SERVICE

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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 $30,990
Program Service Revenue $5,667
Investment Income $0
Other Revenue $0
TOTAL REVENUE $36,657

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $14,966
Other Expenses $23,494
TOTAL EXPENSES $23,494

Year-over-Year Comparison

2023 2022 Change
Revenue $36,657 $81,957 -0.6%
Expenses $23,494 $110,214 -0.8%
Net Income $13,163 $-28,257 -1.5%
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
14
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
2
$0
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SAM CHO PRESIDENT N/A
Director
$0 $0 $0
JUNG KIM TREASURER N/A
Officer
$0 $0 $0
GLORIA SHIN SECRETARY 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
2024 No data No data No data No data
2023 $36,657 $23,494 $67,898 $13,163
2022 $81,957 $110,214 $54,774 $-28,257
2021 $38,265 $29,093 $83,214 $9,172
2020 $64,774 $32,779 $66,552 $31,995
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