KOREAN CBMC OF NORTH AMERICA INC

EIN: 460610489 501(c)(3) Religion

CARROLLTON, TX

Total Revenue
$700,939
Total Expenses
$656,996
Total Assets
$369,651
Net Assets
$368,799
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2012
Legal Domicile
TX
Principal Officer
JAMES KWON
Phone
6144535902
Tax Period
2025-01-01 to 2025-12-31

KOREAN CBMC OF NORTH AMERICA INC, founded in 2012, is a small nonprofit in the Religion sector that reported $701K in total revenue in fiscal year 2025. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $657K left a modest 6% surplus.

Mission

KOREAN CBMC OF NORTH AMERICA IS A COMMUNITY OF CHRISTIAN BUSINESS PROFESSIONALS WORKING TOGETHER TO EVANGELIZE THE BUSINESS WORLD AND ENCOURAGE SPIRITUAL GROWTH IN THE BUSINESS MARKET PLACE AND SPREAD THE GOSPEL THROUGH THE BUSINESS WORLD. TO ACOMPLISH THESES GOALS, ESTABLISH LOCAL UNITS OF CBMC THROUHG THE UNITED STATES OF AMERICA, EDUCATE ITS MEMBERS AND THE PUBLIC TO BE THE CHRISTIAN LEADERS.

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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 (2025)

Revenue Breakdown

Contributions & Grants $700,939
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $700,939

Expense Breakdown

Grants Paid $0
Salaries & Benefits $173,962
Fundraising Expenses $0
Program Expenses $656,996
Other Expenses $483,034
TOTAL EXPENSES $656,996

Year-over-Year Comparison

2025 2024 Change
Revenue $700,939 $631,427 +0.1%
Expenses $656,996 $545,258 +0.2%
Net Income $43,943 $86,169 -0.5%
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

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Liquidity & Cash Position

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Governance

Voting Members
N/A
Independent Members
N/A
Employees
3
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
0
$0
Total Directors
24
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ANGELINA PARK DIRECTOR N/A
Director
$0 $0 $0
JAMES KWON PRESIDENT N/A
Director
$0 $0 $0
YONGJIN LEE DIRECTOR N/A
Director
$0 $0 $0
KENT CHOI DIRECTOR N/A
Director
$0 $0 $0
DAVID HAN DIRECTOR N/A
Director
$0 $0 $0
STEVE BAE DIRECTOR N/A
Director
$0 $0 $0
SOLOMON KIM DIRECTOR N/A
Director
$0 $0 $0
AMY PARK DIRECTOR N/A
Director
$0 $0 $0
JOE JI TREASURER N/A
Director
$0 $0 $0
SEAN CHUNG DIRECTOR N/A
Director
$0 $0 $0
SAMUEL KIM DIRECTOR N/A
Director
$0 $0 $0
GOEUN KANG DIRECTOR N/A
Director
$0 $0 $0
GILBERT CHOI DIRECTOR N/A
Director
$0 $0 $0
JUN LEE DIRECTOR N/A
Director
$0 $0 $0
HYUNGJOO KIM DIRECTOR N/A
Director
$0 $0 $0
JOHN TAHK DIRECTOR N/A
Director
$0 $0 $0
PAUL KWAK DIRECTOR N/A
Director
$0 $0 $0
JASON ROH DIRECTOR N/A
Director
$0 $0 $0
CHONGSO SUH DIRECTOR N/A
Director
$0 $0 $0
CHARLES YUN DIRECTOR N/A
Director
$0 $0 $0
CHUNBONG LEE DIRECTOR N/A
Director
$0 $0 $0
RICHARD SUH DIRECTOR N/A
Director
$0 $0 $0
DAVID YANG DIRECTOR N/A
Director
$0 $0 $0
CLARA PAIK DIRECTOR 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
2025 $700,939 $656,996 $369,651 $43,943
2024 $631,427 $545,258 $341,292 $86,169
2023 $511,488 $529,574 $236,817 $-18,086
2022 $510,652 $467,405 $274,253 $43,247
2021 $264,328 $221,518 $261,065 $42,810
2020 $218,919 $223,724 $170,716 $-4,805
2019 $395,931 $328,594 $175,521 $67,337
2018 $388,783 $343,823 $108,184 $44,960
2017 $365,391 $356,426 $63,866 $8,965
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