GOOD COMMUNITY CHURCH OF TORRANCE

EIN: 330492704 501(c)(3)

TORRANCE, CA

Total Revenue
$3,426,391
Total Expenses
$3,335,015
Total Assets
$9,304,770
Net Assets
$4,933,448
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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
1991
Legal Domicile
CA
Phone
3103705500
Tax Period
2025-01-01 to 2025-12-31

GOOD COMMUNITY CHURCH OF TORRANCE, founded in 1991, is a community nonprofit that reported $3.4M in total revenue in fiscal year 2025. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

CHURCH FOR WORSHIP AND SERVICE FOR PUBLIC

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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 (2025)

Revenue Breakdown

Contributions & Grants $3,371,105
Program Service Revenue $0
Investment Income $55,286
Other Revenue $0
TOTAL REVENUE $3,426,391

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,041,908
Fundraising Expenses $0
Program Expenses $2,007,791
Other Expenses $2,293,107
TOTAL EXPENSES $3,335,015

Year-over-Year Comparison

2025 2024 Change
Revenue $3,426,391 $3,142,405 +0.1%
Expenses $3,335,015 $3,444,722 0.0%
Net Income $91,376 $-302,317 -1.3%
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
3
Independent Members
6
Employees
20
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
0
$0
Key Employees
1
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MYUNG HOON GAH CEO 40.00
Officer
$0 $0 $0
WON HO CHUN SECRETARY 10.00
Officer
$0 $0 $0
DAVID HO SUK CHUNG CFO 10.00
Officer
$0 $0 $0
KYUNG BANG AHN NA 40.00
Key Emp
$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 $3,426,391 $3,335,015 $9,304,770 $91,376
2024 No data No data No data No data
2023 $2,986,412 $3,091,905 $8,570,973 $-105,493
2022 $2,923,240 $2,800,630 $8,767,714 $122,610
2019 $2,565,801 $2,283,831 $7,312,887 $281,970
2018 $2,385,802 $1,892,953 $7,109,903 $492,849
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