KOREAN BAPTIST CHURCH OF SCHAUMBURG

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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

1982

Legal Domicile

Principal Officer

KWANGSOP KIM

Phone

8478430855

Tax Period

2021-01-01 to 2021-12-31

KOREAN BAPTIST CHURCH OF SCHAUMBURG, founded in 1982, is a small nonprofit that reported $306K in total revenue in fiscal year 2021. The organization ran a surplus of $53K, a strong 17% operating margin.

Mission

ESTABLISHED TO SERVE AS A COMMUNITY OF WOWRSHIP AND FELLOWSHIP BY MATURING BELIEVERS TO PERFORM WORKS OF MINISTRY, BY SPREADING OUT PENTECOSTAL HOLY SPIRIT MOVEMENT TO ALL NATIONS.

Program Service Accomplishments

Program 1

Expenses: $24,000 Revenue: $0

TO HANBIT KOREAN BAPTIST CHURCH

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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 (2021)

Revenue Breakdown

Contributions & Grants $305,758

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $305,758

Expense Breakdown

Grants Paid $24,000

Salaries & Benefits $25,836

Fundraising Expenses $0

Program Expenses $24,000

Other Expenses $202,511

TOTAL EXPENSES $252,347

Year-over-Year Comparison

	2021	2020	Change
Revenue	$305,758	N/A	N/A
Expenses	$252,347	N/A	N/A
Net Income	$53,411	N/A	N/A

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

N/A

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

$24,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KWANGSOP KIM	NIOR PASTOR	50.00	Director	$24,000	$0	$24,000

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
2021	$305,758	$252,347	$164,618	$53,411