FAITH AND COMMUNITY EMPOWERMENT (EIN 030417254) - Form 990 Financial Analysis & Trantor Score

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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

2001

Legal Domicile

Principal Officer

HYEPIN IM

Phone

2139851500

Tax Period

2023-01-01 to 2023-12-31

FAITH AND COMMUNITY EMPOWERMENT, founded in 2001, is a community nonprofit in the Religion sector that reported $1.1M in total revenue in fiscal year 2023. Revenue surged 45% from the prior year, signaling strong growth momentum. The organization ran a surplus of $585K, a strong 52% operating margin.

Mission

FAITH AND COMMUNITY EMPOWERMENT (FACE)'S MISSION IS TO ADVANCE THE ASIAN AMERICAN COMMUNITY'S PARTICIPATION, CONTRIBUTION, & INFLUENCE THROUGH FAITH & COMMUNITY PARTNERSHIPS. TO ACHIEVE OUR MISSION, FACE SERVES AS A LIGHT & BRIDGE BETWEEN THE ASIAN AMERICAN COMMUNITY & THE GREATER COMMUNITY AT LARGE BY CONNECTING & CREATING PRIVATE & PUBLIC COLLABORATION, MAXIMIZING THE CAPACITIES OF FAITH-BASED ORGANIZATIONS & OTHER COMMUNITY NON-PROFITS, INCREASING ACCESS TO RESOURCES & FUNDS, & ASSISTING LOW-INCOME INDIVIDUALS & REVITALIZING NEIGHBORHOODS. TO DATE, WE HAVE GARNERED OVER 1,000 PARTNERS ACROSS THE NATION, RANGING FROM THE WHITE HOUSE TO FORTUNE 500 COMPANIES, LOCAL NON-PROFIT ORGANIZATIONS, & KEY INSTITUTIONAL STAKEHOLDERS. FACE TRANSFORMS LIVES & COMMUNITIES BY ADDRESSING COMMUNITY CHALLENGES, ENHANCING THE QUALITY OF SERVICES FOR LOW-INCOME, IMMIGRANT, & DISENFRANCHISED INDIVIDUALS WHILE CHANGING THE LANDSCAPE FOR THE KOREAN/ASIAN AMERICAN & PACIFIC ISLANDER COMMUNITY.

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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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,049,144

Program Service Revenue $57,083

Investment Income $10,643

Other Revenue $0

TOTAL REVENUE $1,116,870

Expense Breakdown

Grants Paid $0

Salaries & Benefits $319,192

Fundraising Expenses $22,171

Program Expenses $443,284

Other Expenses $212,783

TOTAL EXPENSES $531,975

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,116,870	$768,901	+0.5%
Expenses	$531,975	$395,023	+0.3%
Net Income	$584,895	$373,878	+0.6%

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

Governance

Voting Members

Independent Members

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

$116,017

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EDWARD YEN	CHAIRMAN	1.00	Officer Director	$0	$0	$0
JUSTIN DAVIS	SECRETARY	1.00	Officer Director	$0	$0	$0
ERIC ASIEDU	TREASURER	1.00	Officer Director	$0	$0	$0
REV JOHN JONDAI PARK	BOARD MEMBER	1.00	Director	$0	$0	$0
MAURY RUANO	BOARD MEMBER	1.00	Director	$0	$0	$0
DIANA YOO	BOARD MEMBER	1.00	Director	$0	$0	$0
HYEPIN IM	PRESIDENT/CEO	40.00	Officer	$116,017	$0	$116,017

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	No data	No data	No data	No data
2023	$1,116,870	$531,975	$1,365,021	$584,895
2022	$768,901	$395,023	$783,169	$373,878
2021	$690,143	$384,840	$402,060	$305,303
2020	$339,520	$287,655	$118,601	$51,865
2019	$169,234	$210,157	$42,003	$-40,923
2018	$185,483	$359,394	$100,330	$-173,911

FAITH AND COMMUNITY EMPOWERMENT