Grace Korean Church (EIN 200615467) - 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

2005

Legal Domicile

Principal Officer

Tak Hyun Cho

Phone

2022810993

Tax Period

2025-01-01 to 2025-12-31

Grace Korean Church, founded in 2005, is a small nonprofit in the Religion sector that reported $218K in total revenue in fiscal year 2025. Revenue decreased 7% compared to the prior year. Expenses of $208K left a modest 5% surplus.

Mission

The Primary exempt purpose is to amour its members with the gospel of re-birth, fullness of the Holy Spirit Healing, Blessing and returning of Jesus so that they glorigy God through Worship and Service

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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 $218,076

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $218,076

Expense Breakdown

Grants Paid $0

Salaries & Benefits $34,879

Fundraising Expenses $0

Program Expenses $43,695

Other Expenses $173,014

TOTAL EXPENSES $207,893

Year-over-Year Comparison

	2025	2024	Change
Revenue	$218,076	$235,252	-0.1%
Expenses	$207,893	$194,912	+0.1%
Net Income	$10,183	$40,340	-0.7%

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

$32,400

Total Directors

$32,400

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Tak Hyun Cho	Pastor and President	40.00	Officer Director	$32,400	$0	$32,400
Grace E Song	Chair of Trustees	1.00	Director	$0	$0	$0
Seung Kim	Financial Officer	1.00	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	$218,076	$207,893	$82,409	$10,183
2024	No data	No data	No data	No data

Grace Korean Church