KINGS AND PRIESTS MINISTRIES (EIN 272714340) - 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

2010

Legal Domicile

Principal Officer

DANIEL KANG

Phone

7149443991

Tax Period

2023-01-01 to 2023-12-31

KINGS AND PRIESTS MINISTRIES, founded in 2010, is a small nonprofit in the Religion sector that reported $530K in total revenue in fiscal year 2023. Revenue fell 26% from the prior year — a significant decline worth monitoring.

Mission

The organizations main activities are short-term mission trips to poorly developed countries to proclaim the Gospel and provide business education and training to boost local economy. Through these mission trips, the organization strive to expand Christianity all around the world while addressing the immediate physical needs of the people in the third world country to have a better quality of life through these education and training.

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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 $530,048

Program Service Revenue $0

Investment Income $379

Other Revenue $0

TOTAL REVENUE $530,427

Expense Breakdown

Grants Paid $94,200

Salaries & Benefits $19,706

Fundraising Expenses $0

Program Expenses $471,007

Other Expenses $461,010

TOTAL EXPENSES $574,916

Year-over-Year Comparison

	2023	2022	Change
Revenue	$530,427	$718,358	-0.3%
Expenses	$574,916	$500,768	+0.1%
Net Income	$-44,489	$217,590	-1.2%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DANIEL KANG	President & CEO	40.00	Officer	$0	$0	$0
JEONG CHUEL KIM	CFO	40.00	Officer	$0	$0	$0
ABRAHAM JAEWOO JEON	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
2024	No data	No data	No data	No data
2023	$530,427	$574,916	$944,497	$-44,489
2022	$718,358	$500,768	$988,985	$217,590
2021	$712,227	$447,813	$770,987	$264,414
2020	$463,931	$331,976	$506,572	$131,955
2019	$451,079	$319,322	$374,618	$131,757
2018	$306,874	$251,705	$242,861	$55,169

KINGS AND PRIESTS MINISTRIES