ADVENT PRAYER CENTER

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2010

Legal Domicile

Principal Officer

KWANG EUI HONG

Phone

7087031006

Tax Period

2022-01-01 to 2022-12-31

ADVENT PRAYER CENTER, founded in 2010, is a micro nonprofit in the Religion sector that reported $38K in total revenue in fiscal year 2022. Revenue surged 247% from the prior year, signaling strong growth momentum. Expenses of $50K exceeded revenue, resulting in a 32% operating deficit.

Mission

1. BIBLE STUDY 2. LECTURE ON MEDITATION AND PRAYING 3. LECTURE ON PHYSICAL RESTORATION

Program Service Accomplishments

Program 1

Expenses: $23,532 Revenue: $16,596

1. BIBLE STUDY 2. LECTURE ON MEDITATION AND PRAYING 3. LECTURE ON PHYSICAL RESTORATION

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $21,600

Program Service Revenue $16,596

Investment Income $0

Other Revenue $0

TOTAL REVENUE $38,196

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $42,669

Other Expenses $50,495

TOTAL EXPENSES $50,495

Year-over-Year Comparison

	2022	2021	Change
Revenue	$38,196	$11,000	+2.5%
Expenses	$50,495	$26,029	+0.9%
Net Income	$-12,299	$-15,029	-0.2%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MIYOUNG CHO	SECRETARY	1.50	Officer Director	$0	$0	$0
KWANG EUI HONG	PRESIDENT	1.50	Officer Director	$0	$0	$0
YANG K PARK	CFO	1.50	Officer 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
2022	$38,196	$50,495	$1,356,326	$-12,299
2021	$11,000	$26,029	$1,368,625	$-15,029
2020	$11,796	$30,444	$1,383,654	$-18,648
2019	$80,288	$33,398	$1,402,302	$46,890
2018	$160,761	$68,680	$1,355,412	$92,081