WORLD GLOBAL MISSION INC

EIN: 455166663 501(c)(3)

Alexandria, VA

Total Revenue
$39,116
Total Expenses
$33,040
Total Assets
$83,136
Net Assets
$83,136
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
2012
Legal Domicile
VA
Principal Officer
HONG YUL KIM
Tax Period
2019-01-01 to 2019-12-31

WORLD GLOBAL MISSION INC, founded in 2012, is a micro nonprofit that reported $74K in total revenue in fiscal year 2018. Revenue fell 44% from the prior year — a significant decline worth monitoring. Expenses of $109K exceeded revenue, resulting in a 47% operating deficit.

Mission

It is to carry out missionary works as part of Grace Ministries International, in Washington DC Metropolitan Area.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2019)

Revenue Breakdown

Contributions & Grants $39,116
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $39,116

Expense Breakdown

Grants Paid $0
Salaries & Benefits $9,258
Fundraising Expenses $0
Program Expenses $23,782
Other Expenses $23,782
TOTAL EXPENSES $33,040

Year-over-Year Comparison

2019 2018 Change
Revenue $39,116 $74,272 -0.5%
Expenses $33,040 $109,445 -0.7%
Net Income $6,076 $-35,173 -1.2%
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

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
2
Independent Members
2
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
3
$8,600
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
HONG YUL KIM PRESIDENT 40.00
Officer Director
$0 $0 $0
JI YOUNG LEE TREASURER 20.00
Officer Director
$0 $0 $0
KWANG SUB LEE MANAGER 40.00
Officer
$8,600 $0 $8,600
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
2019 $39,116 $33,040 $83,136 $6,076
2018 $74,272 $109,445 $77,060 $-35,173
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