QUEEN OF PEACE MISSIONARY ASSOCIATES INC

EIN: 510461115 501(c)(3) Religion

PALISADES PARK, NJ

Total Revenue
$338,979
Total Expenses
$336,077
Total Assets
$1,747,277
Net Assets
$92,674
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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
2003
Legal Domicile
NJ
Principal Officer
GREGORY NAM
Tax Period
2023-01-01 to 2023-12-31

QUEEN OF PEACE MISSIONARY ASSOCIATES INC, founded in 2003, is a small nonprofit in the Religion sector that reported $339K in total revenue in fiscal year 2023.

Mission

TO PERFORM RELIGIOUS, CHARITABLE AND EDUCATIONAL 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 (2023)

Revenue Breakdown

Contributions & Grants $338,979
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $338,979

Expense Breakdown

Grants Paid $6,635
Salaries & Benefits $62,400
Fundraising Expenses $0
Program Expenses $169,448
Other Expenses $267,042
TOTAL EXPENSES $336,077

Year-over-Year Comparison

2023 2022 Change
Revenue $338,979 $352,399 0.0%
Expenses $336,077 $408,882 -0.2%
Net Income $2,902 $-56,483 -1.1%
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
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
4
$62,400
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GREGORY NAM PRESIDENT 40.00
Officer
$48,000 $0 $48,000
MIJA NAM TREASURER 10.00
Officer
$14,400 $0 $14,400
JUN YONG LEE BOARD MEMBER 5.00
Officer
$0 $0 $0
HYUN H MIN SECRETARY 5.00
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
2024 No data No data No data No data
2023 $338,979 $336,077 $1,747,277 $2,902
2022 $352,399 $408,882 $1,823,850 $-56,483
2021 $225,330 $286,314 $1,875,741 $-60,984
2020 $68,746 $108,609 $1,737,012 $-39,863
2019 $109,782 $98,070 $1,734,311 $11,712
2018 $157,832 $102,194 $1,733,589 $55,638
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