Keiro Services
Advancing the Quality of Senior Life
Keiro Services
EIN: 95-4022185
as of September 2024
as of September 09, 2024
Programs and results
What we aim to solve
Our programs
What are the organization's current programs, how do they measure success, and who do the programs serve?
Keiro
Founded in 1961, Keiro is a mission-driven organization engaged in improving the quality of life for older adults and their caregivers in the Japanese American and Japanese community of Los Angeles, Orange and Ventura counties.
Keiro delivers a wide range of resources to address the challenges and barriers that aging presents. Keiro also partners with companies and organizations that can expand its services and ability to reach seniors and caregivers, and participates in research and innovative work where Keiro can contribute to advancing progress in resolving the challenges of aging.
Where we work
Photos
Our Sustainable Development Goals
Learn more about Sustainable Development Goals.
Financials
Revenue vs. expenses: breakdown
Liquidity in 2023 info
86.48
Months of cash in 2023 info
4.5
Fringe rate in 2023 info
17%
Funding sources info
Assets & liabilities info
Financial data
Keiro Services
Balance sheetFiscal Year: Nov 01 - Oct 31
The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot survive long, but the types of assets and liabilities must also be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan, and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.
Fiscal Year: Nov 01 - Oct 31
This snapshot of Keiro Services’s financial trends applies Nonprofit Finance Fund® analysis to data hosted by GuideStar. While it highlights the data that matter most, remember that context is key – numbers only tell part of any story.
Created in partnership with
Business model indicators
Profitability info | 2019 | 2020 | 2021 | 2022 | 2023 |
---|---|---|---|---|---|
Unrestricted surplus (deficit) before depreciation | $1,384,649 | $2,781,106 | $14,745,252 | -$18,481,323 | $2,747,967 |
As % of expenses | 32.4% | 71.4% | 378.4% | -429.8% | 59.6% |
Unrestricted surplus (deficit) after depreciation | $1,300,474 | $2,724,041 | $14,712,237 | -$18,512,641 | $2,723,322 |
As % of expenses | 29.8% | 69.0% | 374.4% | -427.4% | 58.7% |
Revenue composition info | |||||
---|---|---|---|---|---|
Total revenue (unrestricted & restricted) | $1,012,425 | $1,046,146 | $1,616,681 | $1,585,755 | $8,199,245 |
Total revenue, % change over prior year | -97.8% | 3.3% | 54.5% | -1.9% | 417.1% |
Program services revenue | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Membership dues | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Investment income | 34.7% | 12.3% | 10.5% | 30.2% | 21.5% |
Government grants | 0.0% | 0.0% | 26.0% | 0.0% | 0.0% |
All other grants and contributions | 52.5% | 71.0% | 52.4% | 58.3% | 18.9% |
Other revenue | 12.8% | 16.7% | 11.2% | 11.6% | 59.6% |
Expense composition info | |||||
---|---|---|---|---|---|
Total expenses before depreciation | $4,275,585 | $3,893,062 | $3,896,418 | $4,299,946 | $4,612,186 |
Total expenses, % change over prior year | 33.0% | -8.9% | 0.1% | 10.4% | 7.3% |
Personnel | 32.8% | 36.6% | 36.1% | 41.9% | 40.7% |
Professional fees | 20.6% | 14.2% | 16.2% | 13.1% | 11.8% |
Occupancy | 4.7% | 4.5% | 4.9% | 4.6% | 5.5% |
Interest | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Pass-through | 5.7% | 6.1% | 6.4% | 5.8% | 6.5% |
All other expenses | 36.3% | 38.5% | 36.4% | 34.6% | 35.5% |
Full cost components (estimated) info | 2019 | 2020 | 2021 | 2022 | 2023 |
---|---|---|---|---|---|
Total expenses (after depreciation) | $4,359,760 | $3,950,127 | $3,929,433 | $4,331,264 | $4,636,831 |
One month of savings | $356,299 | $324,422 | $324,702 | $358,329 | $384,349 |
Debt principal payment | $0 | $0 | $175,235 | $0 | $0 |
Fixed asset additions | $0 | $0 | $0 | $0 | $0 |
Total full costs (estimated) | $4,716,059 | $4,274,549 | $4,429,370 | $4,689,593 | $5,021,180 |
Capital structure indicators
Liquidity info | 2019 | 2020 | 2021 | 2022 | 2023 |
---|---|---|---|---|---|
Months of cash | 11.3 | 6.5 | 5.4 | 4.3 | 4.5 |
Months of cash and investments | 215.3 | 251.7 | 314.8 | 217.7 | 214.5 |
Months of estimated liquid unrestricted net assets | 160.8 | 185.2 | 230.5 | 157.3 | 153.8 |
Balance sheet composition info | 2019 | 2020 | 2021 | 2022 | 2023 |
---|---|---|---|---|---|
Cash | $4,012,295 | $2,119,590 | $1,758,914 | $1,532,213 | $1,712,616 |
Investments | $72,712,875 | $79,542,221 | $100,451,978 | $76,490,004 | $80,726,511 |
Receivables | $216,007 | $0 | $0 | $0 | $0 |
Gross land, buildings, equipment (LBE) | $664,647 | $664,647 | $664,647 | $660,897 | $636,667 |
Accumulated depreciation (as a % of LBE) | 62.6% | 71.2% | 76.2% | 81.3% | 84.5% |
Liabilities (as a % of assets) | 0.4% | 0.4% | 0.2% | 0.3% | 1.1% |
Unrestricted net assets | $57,551,911 | $60,275,952 | $74,988,189 | $56,475,548 | $59,198,870 |
Temporarily restricted net assets | $12,962,748 | N/A | N/A | N/A | N/A |
Permanently restricted net assets | $10,639,696 | N/A | N/A | N/A | N/A |
Total restricted net assets | $23,602,444 | $25,281,342 | $31,467,137 | $24,359,432 | $24,854,053 |
Total net assets | $81,154,355 | $85,557,294 | $106,455,326 | $80,834,980 | $84,052,923 |
Key data checks
Key data checks info | 2019 | 2020 | 2021 | 2022 | 2023 |
---|---|---|---|---|---|
Material data errors | No | No | No | No | No |
Operations
The people, governance practices, and partners that make the organization tick.
Documents
President & Chief Executive Officer
Beverly Ito
Number of employees
Source: IRS Form 990
Keiro Services
Officers, directors, trustees, and key employeesSOURCE: IRS Form 990
Compensation data
Keiro Services
Highest paid employeesSOURCE: IRS Form 990
Compensation data
Keiro Services
Board of directorsas of 02/14/2023
Board of directors data
Lynn Miyamoto
Board leadership practices
GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section.
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Board orientation and education
Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations? No -
CEO oversight
Has the board conducted a formal, written assessment of the chief executive within the past year ? No -
Ethics and transparency
Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year? No -
Board composition
Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership? No -
Board performance
Has the board conducted a formal, written self-assessment of its performance within the past three years? No
Organizational demographics
Who works and leads organizations that serve our diverse communities? Candid partnered with CHANGE Philanthropy on this demographic section.
Leadership
The organization's leader identifies as:
Race & ethnicity
Gender identity
Transgender Identity
Sexual orientation
No data
Disability
No data