KOREAN AMERICAN GARMENT INDUSTRY ASSOCIATION

EIN: 953759354 501(c)(3) Community Improvement

Palmdale, CA

Total Revenue
$19,564
Total Expenses
$19,419
Total Assets
$531
Net Assets
$-16,803
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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
1986
Legal Domicile
CA
Principal Officer
SAMUEL S HYUN
Phone
2133695210
Tax Period
2024-10-01 to 2025-09-30

KOREAN AMERICAN GARMENT INDUSTRY ASSOCIATION, founded in 1986, is a micro nonprofit in the Community Improvement sector that reported $20K in total revenue in fiscal year 2024. Revenue fell 27% from the prior year — a significant decline worth monitoring.

Mission

THE ORGANIZATION WAS ESTABLISHED TO ASSIST KOREA SMALL GARMENT BUSINESSES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $3,870
Program Service Revenue $15,308
Investment Income $386
Other Revenue $0
TOTAL REVENUE $19,564

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $18,690
Other Expenses $19,419
TOTAL EXPENSES $19,419

Year-over-Year Comparison

2024 2023 Change
Revenue $19,564 $26,809 -0.3%
Expenses $19,419 $34,676 -0.4%
Net Income $145 $-7,867 -1.0%
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

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Governance

Voting Members
1
Independent Members
1
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
SAMUEL S HYUN PRESIDENT 20.00
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
2025 $19,564 $19,419 $531 $145
2024 $26,809 $34,676 $386 $-7,867
2023 $53,955 $62,847 $8,788 $-8,892
2022 $76,569 $88,014 $19,149 $-11,445
2021 $105,992 $104,710 $30,568 $1,282
2020 $84,258 $81,907 $29,974 $2,351
2019 $86,365 $91,092 $8,522 $-4,727
2018 $84,839 $79,542 $12,350 $5,297
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