Silk Wave Mission (EIN 204179493) - 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

2006

Legal Domicile

Phone

7149998639

Tax Period

2024-07-01 to 2025-06-30

Silk Wave Mission, founded in 2006, is a community nonprofit in the Religion sector that reported $2.1M in total revenue in fiscal year 2024. Revenue decreased 19% compared to the prior year.

Mission

SWM Mission is an abbreviation for Silk Wave Mission, and is an organization that serves as a united prayer movement, church planting movement, and missionary church movement for spiritual recovery and revival in Turkey and the Islamic world. SWM Mission actively obeys the Great Commission of Jesus Christ to prepare for the second coming of Jesus Christ and to build the highway of the King.

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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 $2,043,908

Program Service Revenue $0

Investment Income $9,532

Other Revenue $0

TOTAL REVENUE $2,053,440

Expense Breakdown

Grants Paid $1,011,724

Salaries & Benefits $434,115

Fundraising Expenses $32,753

Program Expenses $1,921,489

Other Expenses $696,947

TOTAL EXPENSES $2,142,786

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,053,440	$2,519,645	-0.2%
Expenses	$2,142,786	$2,720,511	-0.2%
Net Income	$-89,346	$-200,866	-0.6%

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

$40,035

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Sei Woong Lee	Secretary	30.00	Officer	$28,035	$0	$28,035
Paul J Kim	President	30.00	Officer	$12,000	$0	$12,000
Danny Dongmyon Chang	CFO	30.00	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
2025	$2,053,440	$2,142,786	$436,637	$-89,346
2024	$2,519,645	$2,720,511	$530,979	$-200,866
2023	$2,948,871	$2,689,640	$696,566	$259,231
2022	$2,087,509	$2,149,005	$447,417	$-61,496
2021	$1,322,345	$1,131,635	$498,485	$190,710
2020	$610,410	$485,809	$310,928	$124,601
2019	$1,036,276	$970,621	$187,449	$65,655
2018	$698,347	$611,344	$153,707	$87,003

Silk Wave Mission