KOREAN AMERICAN CHAMBER OF COMMERCE OF LOS ANGELES (EIN 953997999) - 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

1985

Legal Domicile

Principal Officer

PETER H KIM

Phone

2134801115

Tax Period

2023-07-01 to 2024-06-30

KOREAN AMERICAN CHAMBER OF COMMERCE OF LOS ANGELES, founded in 1985, is a small nonprofit that reported $721K in total revenue in fiscal year 2023. Revenue grew 8% year-over-year, indicating healthy expansion.

Mission

TO PROMOTE THE GENERAL WELFARE OF THE KOREAN AMERICAN BUSINESS COMMUNITY IN THE GREATER LOS ANGELES AREA AND TO ENSURE AND FACILITATE THE INTERESTS AND GROWTH OF OUR MEMBERS.

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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 $718,123

Program Service Revenue $0

Investment Income $2,497

Other Revenue $0

TOTAL REVENUE $720,620

Expense Breakdown

Grants Paid $0

Salaries & Benefits $85,263

Fundraising Expenses $0

Program Expenses $576,969

Other Expenses $632,456

TOTAL EXPENSES $717,719

Year-over-Year Comparison

	2023	2022	Change
Revenue	$720,620	$666,127	+0.1%
Expenses	$717,719	$608,583	+0.2%
Net Income	$2,901	$57,544	-0.9%

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

138

Independent Members

N/A

Employees

Volunteers

127

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
JAY H KIM	CFO	10.00	Officer	$0	$0	$0
KYUNG H KIM	SECRETARY	10.00	Officer	$0	$0	$0
PETER H KIM	PRESIDENT	10.00	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	No data	No data	No data	No data
2024	$720,620	$717,719	$736,508	$2,901
2023	$666,127	$608,583	$732,551	$57,544
2022	$554,799	$523,386	$674,745	$31,413
2021	$396,434	$293,170	$648,468	$103,264
2020	$446,989	$486,631	$562,394	$-39,642
2019	$682,009	$553,646	$500,965	$128,363
2018	$698,398	$658,329	$80,158	$40,069

KOREAN AMERICAN CHAMBER OF COMMERCE OF LOS ANGELES