KOREAN HANBIT PRESBYTERIAN CHURCH

EIN: 760224411 501(c)(3) Religion

Houston, TX

Total Revenue
$1,551,848
Total Expenses
$1,381,685
Total Assets
$325,842
Net Assets
$292,623
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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
1986
Legal Domicile
TX
Principal Officer
YOUNGRAK JUNG
Phone
7136434348
Tax Period
2024-01-01 to 2024-12-31

KOREAN HANBIT PRESBYTERIAN CHURCH, founded in 1986, is a community nonprofit in the Religion sector that reported $1.6M in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $1.4M left a modest 11% surplus.

Mission

TO OPERATE A CHURCH TO WORSHIP GOD, TO PREACH THE GOSPEL OF JESUS

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,551,848
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $1,551,848

Expense Breakdown

Grants Paid $45,424
Salaries & Benefits $538,477
Fundraising Expenses $0
Program Expenses $329,530
Other Expenses $794,463
TOTAL EXPENSES $1,381,685

Year-over-Year Comparison

2024 2023 Change
Revenue $1,551,848 $1,374,246 +0.1%
Expenses $1,381,685 $1,231,832 +0.1%
Net Income $170,163 $142,414 +0.2%
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
4
Independent Members
N/A
Employees
15
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
1
$59,974
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Youngrak Jung PRESIDENT 040.00
Officer
$59,974 $0 $59,974
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 $1,551,848 $1,381,685 $325,842 $170,163
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