ONE HEART KOREAN CHURCH INC

EIN: 223620533 501(c)(3) Religion

EDISON, NJ

Total Revenue
$120,074
Total Expenses
$124,680
Total Assets
$94,871
Net Assets
$94,871
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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
1998
Legal Domicile
NJ
Principal Officer
REV JOUNG WOOK LEE
Phone
9089304299
Tax Period
2023-01-01 to 2023-12-31

ONE HEART KOREAN CHURCH INC, founded in 1998, is a small nonprofit in the Religion sector that reported $120K in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion.

Mission

CHRISTIAN CHURCH

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $120,074
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $120,074

Expense Breakdown

Grants Paid $0
Salaries & Benefits $56,839
Fundraising Expenses $0
Program Expenses $124,680
Other Expenses $67,841
TOTAL EXPENSES $124,680

Year-over-Year Comparison

2023 2022 Change
Revenue $120,074 $103,333 +0.2%
Expenses $124,680 $94,487 +0.3%
Net Income $-4,606 $8,846 -1.5%
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

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Governance

Voting Members
3
Independent Members
N/A
Employees
2
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
1
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
REV JOUNG WOOK LEE REVEREND N/A
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 $120,074 $124,680 $94,871 $-4,606
2022 $103,333 $94,487 $99,477 $8,846
2021 $158,342 $112,826 $90,631 $45,516
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