EMPOWER MINISTRY GROUP INC (EIN 205105419) - 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

Principal Officer

CHIN HYUNG KIM

Phone

9095337433

Tax Period

2023-01-01 to 2023-12-31

EMPOWER MINISTRY GROUP INC, founded in 2006, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $286K in total revenue in fiscal year 2023.

Mission

EMPOWER MINISTRY GROUP INC PROVIDE QUALITY RESOURCES, TRAINING AND ENCOURAGEMENT FOR YOUTH WORKERS IN CHURCHES AND OTHER YOUTH-SERVING ORGANIZATIONS, ESPECIALLY ASIAN-AMERICAN ADVENTIST LEADERS, THROUGHOUT NORTH AMERICA AND THE WORLD. THROUGH THESE ACTIVITIES, MANY ADVENTIST CHURCHES GIVE YOUNG ADULTS OPPORTUNITES, AND MANY YOUNG ADULTS CAN TAKE OPPORTUNITIES AND MAKE AN IMPACT ON THEIR LOCAL CHURCHES.

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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 $286,215

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $286,215

Expense Breakdown

Grants Paid $20,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $301,818

Other Expenses $284,491

TOTAL EXPENSES $304,491

Year-over-Year Comparison

	2023	2022	Change
Revenue	$286,215	$298,426	0.0%
Expenses	$304,491	$296,810	+0.0%
Net Income	$-18,276	$1,616	-12.3%

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
CHIN HYUNG KIM	CEO	4.00	Officer	$0	$0	$0
ILHO KANG	Secretary	1.00	Officer	$0	$0	$0
KI IL SONG	CFO	1.00	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
2024	No data	No data	No data	No data
2023	$286,215	$304,491	$146,636	$-18,276
2022	$298,426	$296,810	$164,912	$1,616
2021	$27,893	$16,669	$163,296	$11,224
2020	$71,303	$91,759	$152,109	$-20,456
2019	$257,211	$137,495	$172,528	$119,716
2018	$96,795	$44,180	$57,511	$52,615

EMPOWER MINISTRY GROUP INC