PRESBYTERIAN GENERAL ASSEMBLY THEOLOGICAL SEMINARY INC (EIN 261281877) - 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

2007

Legal Domicile

Principal Officer

SOPHIA KIM

Phone

5166336271

Tax Period

2022-01-01 to 2022-12-31

PRESBYTERIAN GENERAL ASSEMBLY THEOLOGICAL SEMINARY INC, founded in 2007, is a micro nonprofit in the Education sector that reported $67K in total revenue in fiscal year 2022. Revenue fell 73% from the prior year — a significant decline worth monitoring. Expenses of $138K exceeded revenue, resulting in a 106% operating deficit.

Mission

RELIGIOUS EDUCATION

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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 (2022)

Revenue Breakdown

Contributions & Grants $58,381

Program Service Revenue $8,526

Investment Income $3

Other Revenue $0

TOTAL REVENUE $66,910

Expense Breakdown

Grants Paid $0

Salaries & Benefits $79,481

Fundraising Expenses $0

Program Expenses $20,888

Other Expenses $55,206

TOTAL EXPENSES $137,687

Year-over-Year Comparison

	2022	2021	Change
Revenue	$66,910	$251,855	-0.7%
Expenses	$137,687	$68,302	+1.0%
Net Income	$-70,777	$183,553	-1.4%

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

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

$66,000

Total Directors

$12,000

Key Employees

$40,500

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHNNIE MCCURLEY	PROFESSOR EMERITUS	1.00	Officer	$0	$3,000	$3,000
SOPHIA KIM	CFO, PROFESSOR	56.00	Officer Key Emp	$28,500	$0	$28,500
CARLOS OSORIO	TRANSLATOR	40.00	Officer	$0	$12,000	$12,000
STEPHEN YOO	BOARD TRUSTEE	1.00	Director	$0	$0	$0
YUNG CHAE LEE	PROFESSOR	15.00	Director Key Emp	$12,000	$0	$12,000
JABEZ PARK	PRESIDENT & CHAIRMAN	40.00	Officer	$22,500	$0	$22,500
SEUNG HYUN LEE	VICE CHAIRMAN	1.00	Officer	$0	$0	$0
JOSHUA JONG-KU KANG	SECRETARY	1.00	Officer	$0	$0	$0
CHRISTINE PARK	VICE SECRETARY	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
2023	No data	No data	No data	No data
2022	$66,910	$137,687	$345,876	$-70,777
2021	$251,855	$68,302	$415,127	$183,553
2020	$193,964	$71,760	$231,574	$122,204

PRESBYTERIAN GENERAL ASSEMBLY THEOLOGICAL SEMINARY INC