THE KOREAN CHURCH OF ANN ARBOR

EIN: 237009238 501(c)(3) Religion

ANN ARBOR, MI

Total Revenue
$282,968
Total Expenses
$219,861
Total Assets
$521,377
Net Assets
$521,377
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1998
Legal Domicile
MI
Principal Officer
JOO HYOUNG LEE
Phone
7349719777
Tax Period
2020-01-01 to 2020-12-31

THE KOREAN CHURCH OF ANN ARBOR, founded in 1998, is a small nonprofit in the Religion sector that reported $283K in total revenue in fiscal year 2020. The organization ran a surplus of $63K, a strong 22% operating margin.

Mission

We are a community church to share the Good news of Jesus Christ and to serve this community in his love.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

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

Sign In — Free (10 views/day)

Financial Overview (2020)

Revenue Breakdown

Contributions & Grants $282,968
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $282,968

Expense Breakdown

Grants Paid $0
Salaries & Benefits $101,032
Fundraising Expenses $0
Other Expenses $118,829
TOTAL EXPENSES $219,861

Year-over-Year Comparison

2020 2019 Change
Revenue $282,968 N/A N/A
Expenses $219,861 N/A N/A
Net Income $63,107 N/A N/A
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
3
Independent Members
3
Employees
N/A
Volunteers
15

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
3
$0
Total Directors
3
$0
Key Employees
1
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JUNGHO KIM DIRECTOR 020.00
Director
$0 $0 $0
JIN HAN RIM DIRECTOR 020.00
Director
$0 $0 $0
CHANGHOON OH DIRECTOR 020.00
Director
$0 $0 $0
JOO HYOUNG LEE PRESIDENT 040.00
Officer Key Emp
$0 $0 $0
JONG KWAN WOO SECRETARY 020.00
Officer
$0 $0 $0
JUNMO KANG TREASURER 020.00
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
2020 $282,968 $219,861 $521,377 $63,107
Explore More Nonprofits
→Top 100 Nonprofits in Michigan →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare THE KOREAN CHURCH OF ANN ARBOR with other nonprofits in Michigan and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.