KOREAN GOSPEL BROADCASTING NETWORK (EIN 274710276) - 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

YOUNG SUN LEE

Phone

7144841190

Tax Period

2023-01-01 to 2023-12-31

KOREAN GOSPEL BROADCASTING NETWORK, founded in 2010, is a small nonprofit in the Religion sector that reported $513K in total revenue in fiscal year 2023. Expenses of $1.4M exceeded revenue, resulting in a 167% operating deficit.

Mission

HOLDS OWNERSHIP OF AM 1190 RADIO STATION AND PROVIDES THE STATION NETWORK TO KOREAN GOSPEL BROADCASTING CO. INC., 501c3 NON-PROFIT ORGANIZATION, WHICH BROADCASTS FAITH GOSPEL PROGRAM 24 HOURS 7 DAYS.

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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 $513,455

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $513,455

Expense Breakdown

Grants Paid $0

Salaries & Benefits $10,643

Fundraising Expenses $0

Program Expenses $559,656

Other Expenses $1,359,179

TOTAL EXPENSES $1,369,822

Year-over-Year Comparison

	2023	2022	Change
Revenue	$513,455	$520,949	0.0%
Expenses	$1,369,822	$1,359,899	+0.0%
Net Income	$-856,367	$-838,950	+0.0%

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

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
YOUNG SUN LEE	President & CEO	40.00	Officer Director	$0	$0	$0
JUNGWOO BAEK	Director	1.00	Director	$0	$0	$0
YU CHUL CHIN	Director	1.00	Director	$0	$0	$0
PAUL GI HONG HAN	Executive Dir.	1.00	Director	$0	$0	$0
JOON SIK KIM	Director	1.00	Director	$0	$0	$0
SEUNG HEE DAVID KO	Director	1.00	Director	$0	$0	$0
HYUK BEEN KWON	Director	1.00	Director	$0	$0	$0
JOSHUA NAM	Director	1.00	Director	$0	$0	$0
BYUNG JOO SONG	Director	1.00	Director	$0	$0	$0
CHONG HEE YIM	Director	1.00	Director	$0	$0	$0
YUN KWON KOOK	Director	1.00	Director	$0	$0	$0
BONGJU KOO	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$513,455	$1,369,822	$1,875,573	$-856,367
2022	$520,949	$1,359,899	$2,742,556	$-838,950
2021	$1,084,200	$1,355,542	$3,557,859	$-271,342
2020	$637,000	$1,324,337	$4,299,455	$-687,337
2019	$742,800	$1,382,899	$5,023,429	$-640,099
2018	$753,000	$1,387,696	$5,841,346	$-634,696

KOREAN GOSPEL BROADCASTING NETWORK