KOREAN AMERICAN FEDERATION OF LA (EIN 953842560) - 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

1982

Legal Domicile

Principal Officer

JAMES AN

Phone

3237320700

Tax Period

2023-01-01 to 2023-12-31

KOREAN AMERICAN FEDERATION OF LA, founded in 1982, is a community nonprofit in the Human Services sector that reported $1.8M in total revenue in fiscal year 2023. Revenue surged 71% from the prior year, signaling strong growth momentum.

Mission

TO SUPPORT AND SERVE BETTER FOR THE FURTHERANCE OF THE RIGHTS AND INTERESTS OF THE KOREAN COMMUNITY AT LOS ANGELES

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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 $1,798,102

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,798,102

Expense Breakdown

Grants Paid $0

Salaries & Benefits $500,119

Fundraising Expenses $0

Program Expenses $1,684,050

Other Expenses $1,316,764

TOTAL EXPENSES $1,816,883

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,798,102	$1,052,256	+0.7%
Expenses	$1,816,883	$902,375	+1.0%
Net Income	$-18,781	$149,881	-1.1%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
YONG HO KIM	CHAIR MAN	N/A	Officer Director	$0	$0	$0
EMILE MACK	EXEC. VICE P	N/A	Officer Director	$0	$0	$0
STEVE KANG	EXEC. VICE P	N/A	Officer Director	$0	$0	$0
JOE SONG	VICE CHAIRMA	N/A	Officer 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
2024	No data	No data	No data	No data
2023	$1,798,102	$1,816,883	$565,377	$-18,781
2022	$1,052,256	$902,375	$422,401	$149,881
2021	$312,604	$306,226	$168,456	$6,378
2021	$596,644	$497,563	$168,386	$99,081
2020	$826,471	$835,985	$93,542	$-9,514
2019	$300,821	$359,893	$75,919	$-59,072
2018	$414,193	$400,622	$134,991	$13,571

KOREAN AMERICAN FEDERATION OF LA