PIEDMONT UNIVERSITY

EIN: 330934393 501(c)(3) Education

TORRANCE, CA

Total Revenue
$44,691
Total Expenses
$289,485
Total Assets
$59,432
Net Assets
$58,741
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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
2000
Legal Domicile
CA
Principal Officer
MYUNGSOOK KANG
Phone
3237775269
Tax Period
2017-09-01 to 2018-08-31

PIEDMONT UNIVERSITY, founded in 2000, is a micro nonprofit in the Education sector that reported $45K in total revenue in fiscal year 2017. Revenue fell 56% from the prior year — a significant decline worth monitoring. Expenses of $289K exceeded revenue, resulting in a 548% operating deficit.

Mission

TO EDUCATE MEN AND WOMEN FOR MINISTRY FOR BOTH PROFESSIONAL AND LAY MINISTRIES TO THE LOCAL CHURCH AND TO SERVE HUMANITIES NEEDS THROUGH MINISTRIES

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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 (2017)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $11,639
Investment Income $33,052
Other Revenue $0
TOTAL REVENUE $44,691

Expense Breakdown

Grants Paid $0
Salaries & Benefits $9,457
Fundraising Expenses $0
Program Expenses $58,225
Other Expenses $280,028
TOTAL EXPENSES $289,485

Year-over-Year Comparison

2017 2016 Change
Revenue $44,691 $102,115 -0.6%
Expenses $289,485 $129,917 +1.2%
Net Income $-244,794 $-27,802 +7.8%
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
3
Employees
1
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
1
$6,000
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MYUNGSOOK KANG C.E.O. 2.00
Officer
$6,000 $0 $6,000
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
2018 $44,691 $289,485 $59,432 $-244,794
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