CORNERSTONE KOREAN BAPTIST CHURCH

EIN: 461009185 501(c)(3) Religion

CARROLLTON, TX

Total Revenue
$342,047
Total Expenses
$386,176
Total Assets
$412,183
Net Assets
$372,753
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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
2012
Legal Domicile
TX
Phone
4696311303
Tax Period
2022-01-01 to 2022-12-31

CORNERSTONE KOREAN BAPTIST CHURCH, founded in 2012, is a small nonprofit in the Religion sector that reported $342K in total revenue in fiscal year 2022. Expenses of $386K exceeded revenue, resulting in a 13% operating deficit.

Mission

To preach missions, nurture, worship, servant, Jesus, and to be a resource in the community. To make disciples of Jesus Christ for the transformation of the world.

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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 (2022)

Revenue Breakdown

Contributions & Grants $342,047
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $342,047

Expense Breakdown

Grants Paid $97,703
Salaries & Benefits $135,786
Fundraising Expenses $0
Program Expenses $119,121
Other Expenses $152,687
TOTAL EXPENSES $386,176

Year-over-Year Comparison

2022 2021 Change
Revenue $342,047 N/A N/A
Expenses $386,176 N/A N/A
Net Income $-44,129 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

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Governance

Voting Members
2
Independent Members
N/A
Employees
4
Volunteers
30

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
2
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHANG DUK LIM Director 5.00
Director
$0 $0 $0
YOUNG HOON OH Director 20.00
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
2022 $342,047 $386,176 $412,183 $-44,129
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