Cornerstone Chinese Bible Church of TX

EIN: 010614718 501(c)(3) Religion

Richardson, TX

Total Revenue
$502
Total Expenses
$29,034
Total Assets
$174
Net Assets
$174
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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
2006
Legal Domicile
TX
Principal Officer
Ying K Lam
Phone
2142153122
Tax Period
2022-01-01 to 2022-12-31

Cornerstone Chinese Bible Church of TX, founded in 2006, is a micro nonprofit in the Religion sector that reported $502 in total revenue in fiscal year 2022. Revenue surged 5478% from the prior year, signaling strong growth momentum. Expenses of $29K exceeded revenue, resulting in a 5684% operating deficit.

Mission

Organization has ministered faith and taught Christian education to the public and regular church members

Program Service Accomplishments

Program 1

Organization has ministered faith and tought christian educaiton to the public and regular church members.

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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 (2022)

Revenue Breakdown

Contributions & Grants $500
Program Service Revenue $0
Investment Income $0
Other Revenue $2
TOTAL REVENUE $502

Expense Breakdown

Grants Paid $35,754
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $-6,720
TOTAL EXPENSES $29,034

Year-over-Year Comparison

2022 2021 Change
Revenue $502 $9 +54.8%
Expenses $29,034 $84,528 -0.7%
Net Income $-28,532 $-84,519 -0.7%
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
2
Independent Members
N/A
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
0
$0
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Ying K Lam President 020.00
Director
$0 $0 $0
Buck L Jung Vice President 020.00
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
2022 $502 $29,034 $174 $-28,532
2020 $27 $125,008 $113,225 $-124,981
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