HANA CHURCH

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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

1997

Legal Domicile

Principal Officer

Joshua Park

Phone

7142328888

Tax Period

2024-01-01 to 2024-12-31

HANA CHURCH, founded in 1997, is a small nonprofit in the Religion sector that reported $852K in total revenue in fiscal year 2024. Revenue decreased 13% compared to the prior year. Expenses of $773K left a modest 9% surplus.

Mission

Church activities such as worship services, local and international community outreach and educational programs

Program Service Accomplishments

Program 1

Expenses: $272,717 Revenue: $0

Worship Services

Program 2

Expenses: $29,087 Revenue: $0

Expense for short term overseas summer missions by members

Program 3

Expenses: $27,000 Revenue: $0

Support for long term overseas missionaries

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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 (2024)

Revenue Breakdown

Contributions & Grants $823,969

Program Service Revenue $0

Investment Income $28,273

Other Revenue $0

TOTAL REVENUE $852,242

Expense Breakdown

Grants Paid $0

Salaries & Benefits $274,717

Fundraising Expenses $0

Program Expenses $552,528

Other Expenses $498,188

TOTAL EXPENSES $772,905

Year-over-Year Comparison

	2024	2023	Change
Revenue	$852,242	$977,193	-0.1%
Expenses	$772,905	$995,671	-0.2%
Net Income	$79,337	$-18,478	-5.3%

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

Governance

Voting Members

Independent Members

Employees

Volunteers

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

$52,080

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Joshua Park	CEO	40	Officer	$52,080	$0	$52,080
Hyuk Lee	Tresurer	15	Director	$0	$0	$0
Joseph Rhee	Director	15	Director	$0	$0	$0
Rachel Ko	Director	15	Director	$0	$0	$0
Elias Kim	Director	15	Director	$0	$0	$0
Helen Kim	Director	15	Director	$0	$0	$0
Jacob Lee	Director	15	Director	$0	$0	$0
Jisoo Lee	Secretary	15	Officer	$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
2024	$852,242	$772,905	$3,651,588	$79,337