Coral Ridge Korean American Presbyterian Church Inc

EIN: 262868166 501(c)(3) Religion

Davie, FL

Total Revenue
$291,125
Total Expenses
$72,054
Total Assets
$284,442
Net Assets
$284,442
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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

Legal Domicile
FL
Tax Period
2023-01-01 to 2023-12-31

Coral Ridge Korean American Presbyterian Church Inc is a small nonprofit in the Religion sector that reported $291K in total revenue in fiscal year 2023. Revenue decreased 20% compared to the prior year. The organization ran a surplus of $219K, a strong 75% operating margin.

Mission

Evangelical religious activities to help people find God love the church distransforming communities

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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 $291,125
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $291,125

Expense Breakdown

Grants Paid $22,100
Salaries & Benefits $800
Fundraising Expenses $0
Program Expenses $72,054
Other Expenses $49,154
TOTAL EXPENSES $72,054

Year-over-Year Comparison

2023 2022 Change
Revenue $291,125 $363,822 -0.2%
Expenses $72,054 $58,972 +0.2%
Net Income $219,071 $304,850 -0.3%
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
2
Independent Members
2
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
2
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
WOO HO LEE President 40.00
Officer
$0 $0 $0
ANNE S LEE Secretary 40.00
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 $291,125 $72,054 $284,442 $219,071
2022 $363,822 $58,972 $304,850 $304,850
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