SON Ministries

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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

Principal Officer

Chung Han Kim

Tax Period

2023-01-01 to 2023-12-31

SON Ministries, founded in 2006, is a small nonprofit in the Religion sector that reported $142K in total revenue in fiscal year 2023.

Mission

SHARE JESUS GOSPEL THROUGH THE ORGANIZATION ACTIVITIES

Program Service Accomplishments

Program 1

Expenses: $152,961

Mission Seminar, Short Term Mission Support, Supporting Missionariesand Supporting poor people and Ministers for CAMBODIA, COSTARICA, INDONESIA, KOREA, PARKISTAN, VIETNAM, KENYA

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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 $142,456

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $142,456

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $152,961

Other Expenses $152,961

TOTAL EXPENSES $152,961

Year-over-Year Comparison

	2023	2022	Change
Revenue	$142,456	N/A	N/A
Expenses	$152,961	N/A	N/A
Net Income	$-10,505	N/A	N/A

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

N/A

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
Chung Han Kim	President	40.00	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
2023	$142,456	$152,961	$22,813	$-10,505
2022	$199,897	$207,506	$1,776	$-7,609
2021	$199,897	$191,713	$9,385	$8,184
2020	$202,592	$201,391	No data	$1,201
2019	$252,695	$249,365	No data	$3,330
2018	$234,291	$253,840	$10,565	$-19,549