THE KOREAN CHURCH OF ANN ARBOR

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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

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

To fullfil our mission we embrace the following purpose to bring believers to spritual maturity through Fellowship with other Christian, Learing and living Christs teachings, Outreach to all people, Worshipping Him alone and doing and Service in His name.

Program Service Accomplishments

Program 1

None

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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 (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

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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

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
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