KOREAN AMERICAN CATHOLIC CHARISMATIC RENEWAL SVC NE INC

EIN: 274452231 501(c)(3) Religion

PALISADES PARK, NJ

Total Revenue
$204,805
Total Expenses
$204,962
Total Assets
$57,951
Net Assets
$57,951
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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
2011
Legal Domicile
NJ
Principal Officer
ROSEMARY SHIN
Phone
2019474717
Tax Period
2019-01-01 to 2019-12-31

KOREAN AMERICAN CATHOLIC CHARISMATIC RENEWAL SVC NE INC, founded in 2011, is a small nonprofit in the Religion sector that reported $205K in total revenue in fiscal year 2019. Revenue grew 12% year-over-year, indicating healthy expansion.

Mission

THE PRIMARY PURPOSE OF THE ORGANIZATION IS TO PASTOR THE CATHOLIC CHARISMATIC RENEWAL MOVEMENT THROUGH NETWORKING, TEACHING, LEADERSHIP TRAINING, ENCOURAGEMENT AND PROMOTING UNITY OF PRAYER GROUPS THROUGHOUT THE NORTHEAST REGION OF THE U.S.A.

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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 (2019)

Revenue Breakdown

Contributions & Grants $120,786
Program Service Revenue $84,019
Investment Income $0
Other Revenue $0
TOTAL REVENUE $204,805

Expense Breakdown

Grants Paid $0
Salaries & Benefits $26,400
Fundraising Expenses $0
Program Expenses $146,803
Other Expenses $178,562
TOTAL EXPENSES $204,962

Year-over-Year Comparison

2019 2018 Change
Revenue $204,805 $182,242 +0.1%
Expenses $204,962 $197,433 +0.0%
Net Income $-157 $-15,191 -1.0%
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
4
Independent Members
4
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
3
$0
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROSEMARY SHIN PRESIDENT N/A
Officer
$0 $0 $0
EUNMEE KIM VICE PRESIDE N/A
Officer
$0 $0 $0
MUNSUK SHIN VICE PRESIDE N/A
Officer
$0 $0 $0
PAUL LEE DIRECTOR N/A
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
2019 $204,805 $204,962 $57,951 $-157
2018 $182,242 $197,433 $58,108 $-15,191
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