ASSOCIATION OF KOREAN ASIAN MEDICINE & ACUPUNCTURE OF CA

EIN: 954630451

LOS ANGELES, CA

Total Revenue
$136,674
Total Expenses
$163,956
Total Assets
$38,950
Net Assets
$35,063
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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

Legal Domicile
CA
Principal Officer
BON H CHO
Phone
2133824412
Tax Period
2023-12-01 to 2024-11-30

ASSOCIATION OF KOREAN ASIAN MEDICINE & ACUPUNCTURE OF CA is a small nonprofit that reported $137K in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $164K exceeded revenue, resulting in a 20% operating deficit.

Mission

EDUCATION & SEMINAR

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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 $136,674
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $136,674

Expense Breakdown

Grants Paid $0
Salaries & Benefits $40,061
Fundraising Expenses $0
Program Expenses $151,081
Other Expenses $123,895
TOTAL EXPENSES $163,956

Year-over-Year Comparison

2023 2022 Change
Revenue $136,674 $123,588 +0.1%
Expenses $163,956 $104,732 +0.6%
Net Income $-27,282 $18,856 -2.4%
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
N/A
Independent Members
2
Employees
1
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
BON H CHO CEO 4.00
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
2024 $136,674 $163,956 $38,950 $-27,282
2023 $123,588 $104,732 $66,151 $18,856
2022 $118,911 $127,908 $43,829 $-8,997
2021 $149,950 $117,415 $52,486 $32,535
2020 $105,484 $96,964 $19,951 $8,520
2019 $181,089 $170,906 $13,093 $10,183
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