ASSOCIATION OF KOREAN ASIAN MEDICI… - Form 990 Financial Data

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Legal Domicile

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

Program Service Accomplishments

Program 1

Expenses: $54,808

TO HOLD SEMINARS & LECTURES TO ENHANCE MEMBER'S MEDICAL KNOWLEDGE AND TO EXCHANGE NEW TECHNOLIGICAL DEVELOPMENT.

Program 2

Expenses: $68,334

TO PUBLISH NEWSLETTER AND MANUALS FOR LECTURES AND SEMINARS

Program 3

Expenses: $27,939

TO PROMOTE MEMBER'S FELLOWSHIP AND TO PROTECT MEMBERS' RIGHTS AND INTERESTS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

N/A

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
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

ASSOCIATION OF KOREAN ASIAN MEDICINE & ACUPUNCTURE OF CA