LINCOLNSHIRE KOREAN EVANGELICAL CH… - Form 990 Financial Data

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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

1998

Legal Domicile

Principal Officer

MYUNG HOON GAH

Phone

2247071004

Tax Period

2024-01-01 to 2024-12-31

LINCOLNSHIRE KOREAN EVANGELICAL CHURCH OF AMERICA, founded in 1998, is a small nonprofit in the Religion sector that reported $544K in total revenue in fiscal year 2024. Revenue surged 82% from the prior year, signaling strong growth momentum. The organization ran a surplus of $284K, a strong 52% operating margin.

Mission

PROVIDING WORSHIP SERVICE EVERY FRIDAY AND SUNDAY, SUPPORTING MISSIONARIES AND PROVIDING CARE SERVICE FOR COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $89,151 Revenue: $0

REGULAR WORSHIP SERVICES INCLUDING SUNDAY SERVICES, FRIDAY NIGHT SERVICES

Program 2

Expenses: $35,824 Revenue: $0

BIBLICAL EDUCATIONS AND MISSIONAL DISCIPLINES WHICH ARE PROVIDED TO ADULTS, YOUNG ADULTS, YOUTH, AND CHILDREN.

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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 $544,074

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $544,074

Expense Breakdown

Grants Paid $35,824

Salaries & Benefits $29,056

Fundraising Expenses $0

Program Expenses $124,975

Other Expenses $195,546

TOTAL EXPENSES $260,426

Year-over-Year Comparison

	2024	2023	Change
Revenue	$544,074	$298,840	+0.8%
Expenses	$260,426	$291,218	-0.1%
Net Income	$283,648	$7,622	+36.2%

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

$19,200

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
REV MYUNG HOON GAH	BOARD PRESIDENT	40.00	Director	$19,200	$0	$19,200

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	$544,074	$260,426	$1,172,583	$283,648
2023	$298,840	$291,218	$898,206	$7,622

LINCOLNSHIRE KOREAN EVANGELICAL CHURCH OF AMERICA