KOREAN EVANGELICAL CHURCH OF WASHINGTON

EIN: 510239128 501(c)(3) Religion

FALLS CHURCH, VA

Total Revenue
$546,941
Total Expenses
$492,329
Total Assets
$908,329
Net Assets
$451,102
🔒

Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1993
Legal Domicile
VA
Principal Officer
KWANG H YUN
Phone
7035601755
Tax Period
2024-01-01 to 2024-12-31

KOREAN EVANGELICAL CHURCH OF WASHINGTON, founded in 1993, is a small nonprofit in the Religion sector that reported $536K in total revenue in fiscal year 2018. Revenue surged 27% from the prior year, signaling strong growth momentum. Expenses of $482K left a modest 10% surplus.

Mission

CHURCH

🔒

Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $546,941
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $546,941

Expense Breakdown

Grants Paid $0
Salaries & Benefits $128,100
Fundraising Expenses $0
Program Expenses $314,356
Other Expenses $364,229
TOTAL EXPENSES $492,329

Year-over-Year Comparison

2024 2023 Change
Revenue $546,941 $555,795 0.0%
Expenses $492,329 $480,405 +0.0%
Net Income $54,612 $75,390 -0.3%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
2
Independent Members
2
Employees
2
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
2
$36,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KWANG H YUN PASTOR 40.00
Director
$36,000 $0 $36,000
SANG R SONG ELDER 8.00
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
2024 $546,941 $492,329 $908,329 $54,612
2023 $555,795 $480,405 $883,717 $75,390
2022 $550,089 $522,872 $936,445 $27,217
2021 $549,976 $526,221 $908,638 $23,755
2020 $584,785 $545,222 $896,883 $39,563
2018 $535,590 $482,110 $910,800 $53,480
Explore More Nonprofits
→Top 100 Nonprofits in Virginia →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare KOREAN EVANGELICAL CHURCH OF WASHINGTON with other nonprofits in Virginia and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.