MIRACLE LAND KOREAN BAPTIST CHURCH

EIN: 330274607 501(c)(3)

CYPRESS, CA

Total Revenue
$1,840,373
Total Expenses
$1,687,157
Total Assets
$2,589,558
Net Assets
$2,589,558
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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
1980
Legal Domicile
CA
Principal Officer
DANIEL BAIK
Phone
7149523040
Tax Period
2022-01-01 to 2022-12-31

MIRACLE LAND KOREAN BAPTIST CHURCH, founded in 1980, is a community nonprofit that reported $1.8M in total revenue in fiscal year 2022. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $1.7M left a modest 8% surplus.

Mission

The organizations mission is to spread the love of God throughout the world.

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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 (2022)

Revenue Breakdown

Contributions & Grants $877,939
Program Service Revenue $962,434
Investment Income $0
Other Revenue $0
TOTAL REVENUE $1,840,373

Expense Breakdown

Grants Paid $0
Salaries & Benefits $771,633
Fundraising Expenses $0
Other Expenses $915,524
TOTAL EXPENSES $1,687,157

Year-over-Year Comparison

2022 2021 Change
Revenue $1,840,373 $1,574,348 +0.2%
Expenses $1,687,157 $1,186,684 +0.4%
Net Income $153,216 $387,664 -0.6%
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
6
Independent Members
6
Employees
17
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
$67,788
Total Directors
3
$67,788
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DANIEL BAIK PRESIDENT 040.00
Officer Director
$67,788 $0 $67,788
GWANGSUK LEE CFO 010.00
Officer Director
$0 $0 $0
PETER PARK SECRETARY 010.00
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 $1,840,373 $1,687,157 $2,589,558 $153,216
2020 $1,076,185 $1,139,147 $2,856,354 $-62,962
2019 $1,701,026 $1,555,767 $2,794,466 $145,259
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