Korean Mutual Aid Society Inc
Nonprofit profile at a glance
- EIN
- 113403759
- IRS 990-EZ coverage
- 2012–2014
- Forms available
- Form 990-EZ 2014
- Location
- Corona, NY, USA
- Phone
- 7186517373
- Rating confidence
- Limited
- Sector
- Mutual/Membership Benefit N.E.C.
Reported finances
- Revenue
- $4,650
- Expenses
- $6,957
- Assets
- $6,863
- Liabilities
- $55,001
Source: IRS Form 990-EZ. Selected filing: tax year 2014. Amounts in USD.
Leadership & pay
4 people listed
Executive titles in this filing
- HONG KEUN KIM (President)
People named in this filing
- HONG KEUN KIM (President)
- WON SUP OH (Secretary)
- YANG SHIL KIM (Treasurer)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2014. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Providing funeral related benefits.
What it reported doing in 2014
Funeral benefits program 2 units of interment spaces were distributed to the deceased members.
Operating model
- Revenue model
- Earned-program. 86% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: NotEnoughData
- Transparency & Controls: 82
- Sustainability: 20
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -49.6%; rating input score 11; 11th percentile among comparable filings
- Total-asset coverage ratio: 0.99; rating input score 48; 48th percentile among comparable filings
- Liabilities to assets ratio: 8.01; rating input score 1; 1st percentile among comparable filings
- Officer compensation ratio: 35.9%; rating input score 5; 5th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: -55.2% per year; rating input score 0; 6th percentile among comparable filings
- Asset growth: -17% per year; rating input score 0; 17th percentile among comparable filings
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment
- Leadership: top reported pay $0 · 4 people listed
- Consistency: 6 of 6 current checks pass
- Schedules: 1 filed schedules
- Filing history: 2 filing years from 2012 to 2014
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Operating margin scored 11/100.
- High — Growth: Asset growth scored 0/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 48/100.
- High — Sustainability: Liabilities to assets ratio scored 1/100.
- High — Sustainability: Officer compensation ratio scored 5/100.