CLIFTON KOREAN BAPTIST CHURCH (EIN 205056331) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1989

Legal Domicile

Principal Officer

KAY PARK

Phone

7035087803

Tax Period

2024-01-01 to 2024-12-31

HERNDON KOREAN BAPTIST CHURCH INC, founded in 1989, is a small nonprofit that reported $145K in total revenue in fiscal year 2018. Revenue surged 130% from the prior year, signaling strong growth momentum. Expenses of $139K left a modest 4% surplus.

Mission

CHURCH AND MISSIONARY EDUCATION

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $86,358

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $86,358

Expense Breakdown

Grants Paid $1,600

Salaries & Benefits $25,754

Fundraising Expenses $259

Program Expenses $47,054

Other Expenses $52,518

TOTAL EXPENSES $80,972

Year-over-Year Comparison

	2024	2023	Change
Revenue	$86,358	N/A	N/A
Expenses	$80,972	N/A	N/A
Net Income	$5,386	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

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

$23,157

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KI LEE	PASTOR	6.00	Key Emp	$23,157	$0	$23,157
YOUNG KIL HWANG	PATOR	6.00	Officer	$0	$0	$0
KAY PARK	TREASURER	6.00	Officer	$0	$0	$0
DAVID KIM	PASTOR	6.00	Officer	$0	$0	$0
HAK KIM	AUDIO DIRECTOR	6.00	Officer	$0	$0	$0
KWANG GEUN KIM	PASTOR	6.00	Officer Key Emp	$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
2024	$86,358	$80,972	$464,904	$5,386
2023	$83,568	$103,557	$460,145	$-19,989
2022	$104,339	$104,396	$464,557	$-57
2021	$396,894	$148,732	$900,326	$248,162
2020	$153,429	$145,219	$1,090,873	$8,210
2019	$144,908	$145,486	$1,045,729	$-578
2018	$144,631	$139,194	$1,098,443	$5,437

CLIFTON KOREAN BAPTIST CHURCH