Korean Central Presbyterian Church… - Form 990 Financial Data

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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

1981

Legal Domicile

Principal Officer

Jaeho Yee

Phone

2817520700

Tax Period

2023-01-01 to 2023-12-31

Korean Central Presbyterian Church of Houston, founded in 1981, is a community nonprofit that reported $2.7M in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. The organization ran a surplus of $410K, a strong 15% operating margin.

Mission

The church was established to have christian worship, fellowship, bible education, missionary and services.

Program Service Accomplishments

Program 1

Expenses: $684,584 Revenue: $2,187,363

To worship God among its members and attendants and practice the christian virtues included in the holy scriptures.

Program 2

Expenses: $523,970 Revenue: $102,266

To reach out to seekers of Jesus and support worldwide mission of christianity.

Program 3

Expenses: $219,295 Revenue: $340,844

To teach and bring younger generations to spriritual maturity and lead them to a growing relationship with God through Bible education.

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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 $0

Program Service Revenue $2,630,473

Investment Income $41,834

Other Revenue $0

TOTAL REVENUE $2,672,307

Expense Breakdown

Grants Paid $265,157

Salaries & Benefits $513,982

Fundraising Expenses $0

Program Expenses $1,427,849

Other Expenses $1,482,792

TOTAL EXPENSES $2,261,931

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,672,307	$2,415,991	+0.1%
Expenses	$2,261,931	$2,009,904	+0.1%
Net Income	$410,376	$406,087	+0.0%

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

Independent Members

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

$230,850

Total Directors

$48,420

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jaeho Yee	President	40.00	Officer Director	$48,420	$0	$48,420
Peter W Chung	Officer	40.00	Officer	$32,295	$0	$32,295
Siyoung Oh	Officer	40.00	Officer	$26,105	$0	$26,105
Woohyun Jung	Officer	40.00	Officer	$25,836	$0	$25,836
Bowook Seo	Officer	40.00	Officer	$25,836	$0	$25,836
Andrew Song	Officer	40.00	Officer	$25,607	$0	$25,607
Kwangjin Song	Officer	40.00	Officer	$23,683	$0	$23,683
Jonathan Seo	Officer	40.00	Officer	$23,068	$0	$23,068
Changho Kang	Director	8.00	Director	$0	$0	$0
Jay W Nam	Director	8.00	Director	$0	$0	$0
Soontaek Lee	Trustee	8.00	Director	$0	$0	$0
Seon Kim	Director	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	No data	No data	No data	No data
2023	$2,672,307	$2,261,931	$13,781,241	$410,376
2022	$2,415,991	$2,009,904	$13,495,361	$406,087
2021	$2,668,844	$1,851,753	$13,241,422	$817,091
2020	$2,450,210	$2,056,954	$12,597,481	$393,256
2019	$2,528,104	$2,256,937	$12,308,790	$271,167

Korean Central Presbyterian Church of Houston