FAITHFUL CITY INC (EIN 271843932) - 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

2009

Legal Domicile

Principal Officer

SANGHOON YOO

Phone

4802147696

Tax Period

2023-01-01 to 2023-12-31

FAITHFUL CITY INC, founded in 2009, is a small nonprofit in the Religion sector that reported $339K in total revenue in fiscal year 2023. Revenue surged 214% from the prior year, signaling strong growth momentum. The organization ran a surplus of $52K, a strong 15% operating margin.

Mission

TO RAISE MULTICULTURAL AND RESILIENT SERVANT LEADERS, EMPOWERING THEM TO LIVE TRANSFORMED LIVES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $338,246

Program Service Revenue $0

Investment Income $0

Other Revenue $256

TOTAL REVENUE $338,502

Expense Breakdown

Grants Paid $3,763

Salaries & Benefits $92,372

Fundraising Expenses $0

Program Expenses $206,337

Other Expenses $190,515

TOTAL EXPENSES $286,650

Year-over-Year Comparison

	2023	2022	Change
Revenue	$338,502	$107,908	+2.1%
Expenses	$286,650	$108,909	+1.6%
Net Income	$51,852	$-1,001	-52.8%

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

$92,372

Total Directors

$92,372

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SANGHOON YOO	PRESIDENT	40.00	Officer Director	$76,772	$15,600	$92,372
YOO-KYUNG YOO	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
ALOK GHODKE	TREASURER	2.00	Officer Director	$0	$0	$0
SUNG EUN CHUNG	SECRETARY	1.00	Officer Director	$0	$0	$0
HAYNE LEE	DIRECTOR	1.00	Director	$0	$0	$0
ERIC MCKAY	DIRECTOR	0.50	Director	$0	$0	$0
EUNAE YOO	DIRECTOR	0.50	Director	$0	$0	$0
SHARATH PATIL	DIRECTOR	1.00	Director	$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
2024	No data	No data	No data	No data
2023	$338,502	$286,650	$63,200	$51,852

FAITHFUL CITY INC