REMNANT UNIVERSITY (EIN 330786166) - 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

Legal Domicile

Principal Officer

CHURL YEON KIM

Tax Period

2023-01-01 to 2023-12-31

REMNANT UNIVERSITY is a small nonprofit in the Education sector that reported $358K in total revenue in fiscal year 2023. Revenue fell 29% from the prior year — a significant decline worth monitoring. Expenses of $4.8M exceeded revenue, resulting in a 1229% operating deficit.

Mission

TO TEACH STUDENTS CHRISTIAN THEOLOGY

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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 $267,388

Program Service Revenue $89,761

Investment Income $564

Other Revenue $0

TOTAL REVENUE $357,713

Expense Breakdown

Grants Paid $0

Salaries & Benefits $114,590

Fundraising Expenses $0

Program Expenses $145,403

Other Expenses $4,640,142

TOTAL EXPENSES $4,754,732

Year-over-Year Comparison

	2023	2022	Change
Revenue	$357,713	$501,179	-0.3%
Expenses	$4,754,732	$409,376	+10.6%
Net Income	$-4,397,019	$91,803	-48.9%

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

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
HYE SOOK BAE	SECRETARY	N/A	Officer Director	$0	$0	$0
YOUNGSU CHOI	BOARD MEMBER	N/A	Director	$0	$0	$0
EUN CHU CHUNG	PRESIDENT	N/A	Officer Director	$0	$0	$0
BYHUNGCHAN JANG	BOARD MEMBER	N/A	Director	$0	$0	$0
HYUN TAE JANG	BOARD MEMBER	N/A	Director	$0	$0	$0
CHURL YEON KIM	PROVOST	N/A	Officer Director	$0	$0	$0
JEA DONG KIM	BOARD MEMBER	N/A	Director	$0	$0	$0
OK RAN KIM	BOARD MEMBER	N/A	Director	$0	$0	$0
STEPHEN D KIM	TREASURER	N/A	Officer Director	$0	$0	$0
SONYA LEE	BOARD MEMBER	N/A	Director	$0	$0	$0
KWANG SU RYU	CHAIRMAN OF	N/A	Director	$0	$0	$0
JONGIL SHIM	BOARD MEMBER	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
2023	$357,713	$4,754,732	$10,611	$-4,397,019
2022	$501,179	$409,376	$4,422,131	$91,803
2021	$528,108	$323,460	$4,376,321	$204,648
2020	$2,275,480	$386,929	$4,181,410	$1,888,551
2019	$1,703,289	$717,447	$3,038,155	$985,842
2018	$1,463,386	$1,359,390	$2,664,264	$103,996

REMNANT UNIVERSITY