KOREAN PHILADELPHIA CHURCH INC

EIN: 231982675 501(c)(3)

FLOWERTOWN, PA

Total Revenue
$27,980
Total Expenses
$27,359
Total Assets
$372,606
Net Assets
$372,606
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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
1975
Principal Officer
HAN SOON PARK
Phone
2158369886
Tax Period
2021-01-01 to 2021-12-31

KOREAN PHILADELPHIA CHURCH INC, founded in 1975, is a micro nonprofit that reported $28K in total revenue in fiscal year 2021. Revenue surged 22% from the prior year, signaling strong growth momentum. Net assets of $373K represent 160 months of operating reserves.

Mission

TO REACH AND INFLUENCE THE WORLD BY BUILDING A LARGE CHRIST-CENTRED, BIBLE-BASED CHURCH, CHANGING MINDSETS AND EMPOWERING PEOPLE TO LEAD AND IMPACT IN EVERY SPHERE OF LIFE.

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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 (2021)

Revenue Breakdown

Contributions & Grants $27,980
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $27,980

Expense Breakdown

Grants Paid $0
Salaries & Benefits $15,600
Fundraising Expenses $0
Program Expenses $1,329
Other Expenses $11,759
TOTAL EXPENSES $27,359

Year-over-Year Comparison

2021 2020 Change
Revenue $27,980 $23,003 +0.2%
Expenses $27,359 $28,150 0.0%
Net Income $621 $-5,147 -1.1%
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
5
Independent Members
5
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
0
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
HAN SOON PARK PRESIDENT N/A
Director
$0 $0 $0
KUM SOON PARK TREASURER N/A
Director
$0 $0 $0
SU RAN YUH SECRETARY N/A
Director
$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
2021 $27,980 $27,359 $372,606 $621
2020 $23,003 $28,150 $371,985 $-5,147
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