JOYFUL CHURCH OF NEW YORK

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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

2000

Legal Domicile

Principal Officer

HONGSUK KIM

Phone

7183590691

Tax Period

2025-01-01 to 2025-12-31

JOYFUL CHURCH OF NEW YORK, founded in 2000, is a small nonprofit in the Religion sector that reported $481K in total revenue in fiscal year 2025. Revenue decreased 8% compared to the prior year. Expenses of $446K left a modest 7% surplus.

Mission

AN ESTABLISHMENT OF A PLACE TO WORSHIP AND PRAYER FOR GOD IN ACCORDANCE WITH THE DISCIPLINES OF CHRISTIANITY.

Program Service Accomplishments

Program 1

Expenses: $341,383

1. AN ESTABLISHMENT OF A PLACE TO WORSHIP AND PRAYER FOR GOD IN ACCORDANCE WITH THE DISCIPLINES OF CHRISTIANITY. 2. CONDUCTING RELIGIOUS SERVICES AND WORSHIP IN ACCORDANCE WITH THE CUSTOMS OF...

1. AN ESTABLISHMENT OF A PLACE TO WORSHIP AND PRAYER FOR GOD IN ACCORDANCE WITH THE DISCIPLINES OF CHRISTIANITY. 2. CONDUCTING RELIGIOUS SERVICES AND WORSHIP IN ACCORDANCE WITH THE CUSTOMS OF CHRISTIANITY 3. PROVIDING RELIGIOUS EDUCATION FOR YOUTH GROUP 4. PROVIDING A CARE FOR NEEDY PEOPLE WITH SPIRITUAL NEEDS, AS WELL AS PHYSICAL NEEDS FOR THEIR HEALTHY WELL-BEING.

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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 (2025)

Revenue Breakdown

Contributions & Grants $480,856

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $480,856

Expense Breakdown

Grants Paid $0

Salaries & Benefits $167,189

Fundraising Expenses $0

Program Expenses $341,383

Other Expenses $278,704

TOTAL EXPENSES $445,893

Year-over-Year Comparison

	2025	2024	Change
Revenue	$480,856	$522,700	-0.1%
Expenses	$445,893	$538,180	-0.2%
Net Income	$34,963	$-15,480	-3.3%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HONGSUK KIM	PRESIDENT	N/A	Officer Director	$0	$0	$0
IN SIK KIM	SECRETARY	N/A	Officer Director	$0	$0	$0
JUHYEOK RYU	TREASURER	N/A	Officer 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
2025	$480,856	$445,893	$783,197	$34,963