THE KOREAN UNITED PRESBYTERIAN CHURCH OF NEW JERSEY

EIN: 510179128 501(c)(3)

BLOOMFIELD, NJ

Total Revenue
$477,520
Total Expenses
$372,086
Total Assets
$1,156,598
Net Assets
$1,139,815
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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
1976
Legal Domicile
NJ
Principal Officer
CHOONG K LEE
Phone
2122397373
Tax Period
2020-01-01 to 2020-12-31

THE KOREAN UNITED PRESBYTERIAN CHURCH OF NEW JERSEY, founded in 1976, is a small nonprofit that reported $478K in total revenue in fiscal year 2020. Revenue decreased 12% compared to the prior year. The organization ran a surplus of $105K, a strong 22% operating margin.

Mission

PROVIDE CHRISTIAN WORSHIP SERVICE AND PERFORM CHRISRTIAN MISSIONARY ACTIVITIES.

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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 (2020)

Revenue Breakdown

Contributions & Grants $477,520
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $477,520

Expense Breakdown

Grants Paid $0
Salaries & Benefits $203,839
Fundraising Expenses $0
Program Expenses $312,141
Other Expenses $168,247
TOTAL EXPENSES $372,086

Year-over-Year Comparison

2020 2019 Change
Revenue $477,520 $541,785 -0.1%
Expenses $372,086 $530,383 -0.3%
Net Income $105,434 $11,402 +8.2%
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

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
6
Independent Members
6
Employees
6
Volunteers
10

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
$46,877
Total Directors
3
$46,877
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JEONG MO SON PRESIDENT 40.00
Officer Director
$46,877 $0 $46,877
CHOONG K LEE TREASURER 10.00
Officer Director
$0 $0 $0
JIN MIN YEON SECRETARY 10.00
Officer 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
2020 $477,520 $372,086 $1,156,598 $105,434
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