SEBIT CHURCH INC

EIN: 264004928 501(c)(3) Religion

WARREN, NJ

Total Revenue
$275,736
Total Expenses
$274,075
Total Assets
$1,000,176
Net Assets
$1,000,176
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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
2009
Legal Domicile
NJ
Principal Officer
Scott J Lee
Phone
9083503835
Tax Period
2024-01-01 to 2024-12-31

SEBIT CHURCH INC, founded in 2009, is a small nonprofit in the Religion sector that reported $276K in total revenue in fiscal year 2024. Net assets of $1.0M represent 44 months of operating reserves.

Mission

Church Religion

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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 (2024)

Revenue Breakdown

Contributions & Grants $275,736
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $275,736

Expense Breakdown

Grants Paid $0
Salaries & Benefits $94,144
Fundraising Expenses $0
Program Expenses $0
Other Expenses $179,931
TOTAL EXPENSES $274,075

Year-over-Year Comparison

2024 2023 Change
Revenue $275,736 $275,737 0.0%
Expenses $274,075 $258,008 +0.1%
Net Income $1,661 $17,729 -0.9%
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
3
Independent Members
3
Employees
2
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
0
$0
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KWIAN KIM Paster 40.00
Highest
$28,000 $24,102 $79,702
Daewoong Ko Evangelist 32.00
Highest
$36,000 $0 $36,000
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
2024 $275,736 $274,075 $1,000,176 $1,661
2023 $306,686 $258,008 $998,515 $48,678
2022 $282,472 $255,850 $949,837 $26,622
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