KOREAN EVANGELICAL CHURCH OF LONG ISLAND INC (EIN 112888786) - 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

1996

Legal Domicile

Principal Officer

HWANG KYOO BOK

Phone

5163331757

Tax Period

2024-01-01 to 2024-12-31

KOREAN EVANGELICAL CHURCH OF LONG ISLAND INC, founded in 1996, is a small nonprofit in the Religion sector that reported $619K in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $548K left a modest 12% surplus.

Mission

WE HOLD IT TO BE THE MISSION OF THE CHURCH TO PROCLAIM THE GOSPEL TO ALL MANKIND, TO EXALT THE WORSHIP OF THE ONE TRUE GOD, AND TO LABOR FOR THE PROGRESS OF KNOWLEDGE, THE PROMOTION OF JUSTICE, THE REIGN OF PEACE, AND THE REALIZATION OF HUMAN BROTHERHOOD.

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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 (2024)

Revenue Breakdown

Contributions & Grants $619,015

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $619,015

Expense Breakdown

Grants Paid $0

Salaries & Benefits $220,102

Fundraising Expenses $0

Program Expenses $472,411

Other Expenses $327,513

TOTAL EXPENSES $547,615

Year-over-Year Comparison

	2024	2023	Change
Revenue	$619,015	$543,171	+0.1%
Expenses	$547,615	$525,076	+0.0%
Net Income	$71,400	$18,095	+2.9%

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

N/A

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

$75,600

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LEE SANG WEON	PASTOR	40.00	Officer	$75,600	$0	$75,600
HWANG KYOO BOK	ELDER	N/A	Officer Director	$0	$0	$0
CHUNG SOO JUNG	DIRECTOR	N/A	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	$619,015	$547,615	$3,503,614	$71,400

KOREAN EVANGELICAL CHURCH OF LONG ISLAND INC