KOREAN AMERICAN COMMUNITY SERVICES INC (EIN 942659848) - 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

1979

Legal Domicile

Principal Officer

EUNICE CHUN

Phone

4089209733

Tax Period

2023-07-01 to 2024-06-30

KOREAN AMERICAN COMMUNITY SERVICES INC, founded in 1979, is a small nonprofit that reported $860K in total revenue in fiscal year 2023. Revenue decreased 5% compared to the prior year. Expenses of $805K left a modest 6% surplus.

Mission

KACS programs include social and educational services. Social services consist of information and referral, translation and interpretation, counseling, paralegal assistance, cultural events, and parenting.

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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 (2023)

Revenue Breakdown

Contributions & Grants $856,150

Program Service Revenue $0

Investment Income $11,647

Other Revenue $-8,233

TOTAL REVENUE $859,564

Expense Breakdown

Grants Paid $0

Salaries & Benefits $371,103

Fundraising Expenses $0

Program Expenses $738,704

Other Expenses $434,156

TOTAL EXPENSES $805,259

Year-over-Year Comparison

	2023	2022	Change
Revenue	$859,564	$909,034	-0.1%
Expenses	$805,259	$646,348	+0.2%
Net Income	$54,305	$262,686	-0.8%

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

$64,941

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EUNICE CHUN	EXECUTIVE DIRECTOR	040.00	Officer	$64,941	$0	$64,941
CHOE EUISUNE HICKMAN	DIRECTOR	003.00	Director	$0	$0	$0
HEE SHIK KIM	HONORARY CHAIR	003.00	Officer Director	$0	$0	$0
VERONICA JEONGYEON KIM	DIRECTOR	003.00	Director	$0	$0	$0
JAE HARK YANG	SECRETARY/TREASURER	003.00	Officer Director	$0	$0	$0
NOMI CHUNG SOOK YOU	DIRECTOR	003.00	Director	$0	$0	$0
SUNGSOO CHANG	DIRECTOR	003.00	Director	$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
2025	No data	No data	No data	No data
2024	$859,564	$805,259	$1,240,315	$54,305
2023	$909,034	$646,348	$1,252,472	$262,686
2022	$738,663	$607,966	$919,784	$130,697
2021	$548,247	$511,188	$827,405	$37,059
2020	$608,043	$495,918	$752,015	$112,125
2019	$470,937	$449,993	$640,972	$20,944

KOREAN AMERICAN COMMUNITY SERVICES INC