JOYFUL KOREAN COMMUNITY CHURCH (EIN 472664582) - Form 990 Financial Analysis & Trantor Score

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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

2014

Legal Domicile

Principal Officer

Kyoung Won Park

Phone

2147665000

Tax Period

2023-01-01 to 2023-12-31

JOYFUL KOREAN COMMUNITY CHURCH, founded in 2014, is a small nonprofit in the Religion sector that reported $204K in total revenue in fiscal year 2023. The organization ran a surplus of $43K, a strong 21% operating margin.

Mission

The mission of the church is to go into the world and make disciples by declaring the gospel of Jesus Christ in the power of the Spirit and gathering these disciples into churches, that they might worship the Lord and obey his commands now and in eternity to the glory of God the Father.

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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 (2023)

Revenue Breakdown

Contributions & Grants $203,880

Program Service Revenue $0

Investment Income $10

Other Revenue $0

TOTAL REVENUE $203,890

Expense Breakdown

Grants Paid $0

Salaries & Benefits $70,361

Fundraising Expenses $0

Program Expenses $38,439

Other Expenses $90,938

TOTAL EXPENSES $161,299

Year-over-Year Comparison

	2023	2022	Change
Revenue	$203,890	N/A	N/A
Expenses	$161,299	N/A	N/A
Net Income	$42,591	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

N/A

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

Key Employees

$36,450

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Siyeon Kim	Senior Pastor	40.00	Key Emp	$6,750	$0	$6,750
Se Kwon Kim	Senior Pastor	40.00	Key Emp	$29,700	$0	$29,700

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	$203,890	$161,299	$140,894	$42,591

JOYFUL KOREAN COMMUNITY CHURCH