KOREAN AMERICAN INSURANCE &FINANCIAL PROFESSIONAL ASSOCIATION

EIN: 954587632 Community Improvement

LOS ANGELES, CA

Total Revenue
$222,104
Total Expenses
$190,478
Total Assets
$49,347
Net Assets
$49,347
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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
1996
Legal Domicile
CA
Principal Officer
DAEWOO LEE
Phone
2135984270
Tax Period
2023-01-01 to 2023-12-31

KOREAN AMERICAN INSURANCE &FINANCIAL PROFESSIONAL ASSOCIATION, founded in 1996, is a small nonprofit in the Community Improvement sector that reported $222K in total revenue in fiscal year 2023. Expenses of $190K left a modest 14% surplus.

Mission

PUBLICATION OF CONSUMER INSURANCE GUIDE BOOK IN KOREAN LANGUAGE FOR BENEFIT OF KOREAN COMMUNITY IN GENERAL. PUBLICATION OF NEWSLETTERS TO MEMBERS TO PROVIDE FORUM AND INFORMATION

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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 $222,104
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $222,104

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $152,719
Other Expenses $190,478
TOTAL EXPENSES $190,478

Year-over-Year Comparison

2023 2022 Change
Revenue $222,104 N/A N/A
Expenses $190,478 N/A N/A
Net Income $31,626 N/A N/A
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
21
Independent Members
21
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
18
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAEWOO LEE CEO N/A
Officer
$0 $0 $0
JANE SHIN SECRETARY N/A
Officer
$0 $0 $0
BENJAMIN HAN BOARD MEMBER N/A
Director
$0 $0 $0
BILLY WOO BOARD MEMBER N/A
Director
$0 $0 $0
CHARLIE CHIN BOARD MEMBER N/A
Director
$0 $0 $0
DAVID SONG BOARD MEMBER N/A
Director
$0 $0 $0
EDWARD HAHN BOARD MEMBER N/A
Director
$0 $0 $0
JAY YU BOARD MEMBER N/A
Director
$0 $0 $0
JULIA KIM VICE PRESIDE N/A
Director
$0 $0 $0
MATTHEW KIM BOARD MEMBER N/A
Director
$0 $0 $0
RICKY CHOI BOARD MEMBER N/A
Director
$0 $0 $0
SEBASTIAN KIM BOARD MEMBER N/A
Director
$0 $0 $0
SUNNY KWON BOARD MEMBER N/A
Director
$0 $0 $0
TED LEE BOARD MEMBER N/A
Director
$0 $0 $0
VIVIAN JIN VICE PRESIDE N/A
Director
$0 $0 $0
WAYNE PARK VICE PRESIDE N/A
Director
$0 $0 $0
WILLIAM BAE BOARD MEMBER N/A
Director
$0 $0 $0
YOUNG NOH LEE BOARD MEMBER N/A
Director
$0 $0 $0
MARC JUNG BOARD MEMBER N/A
Director
$0 $0 $0
RYAN LEE BOARD MEMBER N/A
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 No data No data No data No data
2023 $222,104 $190,478 $49,347 $31,626
2022 No data No data $23,454 No data
2021 $26,855 $37,854 $23,454 $-10,999
2020 $17,517 $8,783 $28,730 $8,734
2019 $45,047 $53,423 $19,996 $-8,376
2018 $53,888 $48,811 $28,362 $5,077
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