THE SILOAM REFORMED CHURCH OF NY

EIN: 112998407 501(c)(3)

BAYSIDE, NY

Total Revenue
$232,901
Total Expenses
$225,105
Total Assets
$3,439,341
Net Assets
$3,438,759
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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
1981
Legal Domicile
NY
Principal Officer
JAMES D CHO
Phone
7188459211
Tax Period
2018-01-01 to 2018-12-31

THE SILOAM REFORMED CHURCH OF NY, founded in 1981, is a small nonprofit that reported $233K in total revenue in fiscal year 2018. Revenue fell 21% from the prior year — a significant decline worth monitoring. Expenses of $225K left a modest 3% surplus.

Mission

THE CHURCH'S PRIMARY PURPOSE IS TO WORSHIP AND PREACH OF CHRIST BY HOLDING PUBLIC WORSHIP, SUNDAY SCHOOLS, AND ALL OTHER ACTIVITIES GENERALLY CONDUCTED BY A CHURCH

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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 (2018)

Revenue Breakdown

Contributions & Grants $232,901
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $232,901

Expense Breakdown

Grants Paid $0
Salaries & Benefits $26,404
Fundraising Expenses $0
Program Expenses $88,908
Other Expenses $198,701
TOTAL EXPENSES $225,105

Year-over-Year Comparison

2018 2017 Change
Revenue $232,901 $295,656 -0.2%
Expenses $225,105 $256,222 -0.1%
Net Income $7,796 $39,434 -0.8%
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
N/A
Independent Members
N/A
Employees
2
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
2
$24,167
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SEONGWOO CHANG PASTOR 40.00
Officer
$22,500 $0 $22,500
JAMES D CHO PASTOR 40.00
Officer
$1,667 $0 $1,667
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
2018 $232,901 $225,105 $3,439,341 $7,796
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