MARN-BAEKSUNG UNITED METHODIST CHURCH OF NEW YORK (EIN 132784856) - 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

1974

Legal Domicile

Principal Officer

NAMWOOK KIM

Phone

7187014953

Tax Period

2023-01-01 to 2023-12-31

MARN-BAEKSUNG UNITED METHODIST CHURCH OF NEW YORK, founded in 1974, is a small nonprofit that reported $701K in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $860K exceeded revenue, resulting in a 23% operating deficit.

Mission

THE UNITED METHODISTS ARE A CHRIST-CENTERED, BIBLICALLY GROUNDED, ETHNICALLY DIVERSE PEOPLE CALLED TO RADICAL PERSONAL DISCIPLESHIP IN CHRIST JESUS. OUR COMMITMENT TO JESUS PROPELS US TO NURTURE AUTHENTIC RELATIONSHIPS WITH ONE ANOTHER; BUILD HEALTHY CHURCHES; TRANSFORM OUR COMMUNITIES, OUR NATIONS AND OUR WORLD; ENGAGE EVERY MEMBER IN HANDS-ON MINISTRY; AND SPEAK THE PROPHETIC WORD IN LOVE.

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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 $700,545

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $700,545

Expense Breakdown

Grants Paid $0

Salaries & Benefits $129,137

Fundraising Expenses $0

Program Expenses $710,840

Other Expenses $730,713

TOTAL EXPENSES $859,850

Year-over-Year Comparison

	2023	2022	Change
Revenue	$700,545	$601,878	+0.2%
Expenses	$859,850	$733,110	+0.2%
Net Income	$-159,305	$-131,232	+0.2%

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

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
DAEIL AHN	SECRETARY	10.00	Officer Director	$0	$0	$0
ANDREW CHO	TREASURER	10.00	Officer Director	$0	$0	$0
NAMWOOK KIM	PRESIDENT	10.00	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
2023	$700,545	$859,850	$6,051,619	$-159,305

MARN-BAEKSUNG UNITED METHODIST CHURCH OF NEW YORK