EMPTY BOWL INC

EIN: 461682984 501(c)(3) Religion

EDGEWATER, NJ

Total Revenue
$894,500
Total Expenses
$1,003,606
Total Assets
$131,463
Net Assets
$131,085
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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
2019
Legal Domicile
NJ
Principal Officer
EUN RAE JO
Phone
9178862423
Tax Period
2023-01-01 to 2023-12-31

EMPTY BOWL INC, founded in 2019, is a small nonprofit in the Religion sector that reported $894K in total revenue in fiscal year 2023. Revenue surged 72% from the prior year, signaling strong growth momentum. Expenses of $1.0M exceeded revenue, resulting in a 12% operating deficit.

Mission

THE BUSINESS AND ACTIVITIES WHICH THE CORPORATION IS AUTHORIZED TO CONDUCT IN NEW JERSEY, AND WHICH IT IS ALSO AUTHORIZED TO CONDUCT IN ITS HOME JURISDICTION IS TO PROMOTE CHRISTIANITY ALL OVER THE WORLD AND FULFILL THE EVANGELICAL MISSION OF SPREADING THE WORD OF CHRIST BY ESTABLISHING AND SUPPORTING MISSIONS AND MISSION CENTERS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $894,500
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $894,500

Expense Breakdown

Grants Paid $986,110
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $1,003,606
Other Expenses $17,496
TOTAL EXPENSES $1,003,606

Year-over-Year Comparison

2023 2022 Change
Revenue $894,500 $520,000 +0.7%
Expenses $1,003,606 $304,625 +2.3%
Net Income $-109,106 $215,375 -1.5%
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

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
3
Independent Members
3
Employees
N/A
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
1
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
EUN RAE JO EMPTY BOWL I N/A
Officer
$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
2023 $894,500 $1,003,606 $131,463 $-109,106
2022 $520,000 $304,625 $240,191 $215,375
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