KOREA CHRISTIAN GOSPEL MISSION INC (EIN 770438254) - Form 990 Financial Analysis & Trantor Score

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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

1996

Principal Officer

LEE BREWER

Phone

5592752033

Tax Period

2024-01-01 to 2024-12-31

KOREA CHRISTIAN GOSPEL MISSION INC, founded in 1996, is a small nonprofit in the Religion sector that reported $328K in total revenue in fiscal year 2024.

Mission

TO SPREAD THE GOSPEL OF JESUS CHRIST AND TO LOOK AFTER ORPHANS, STUDENTS, HANDICAPPED, REFUGEES AND OTHERS IN DISTRESS THROUGHOUT THE WORLD. TO SUSTAIN VARIOUS BUILDINGS IN KOREA FOR ONGOING COMMUNITY SERVICES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $283,268

Program Service Revenue $44,229

Investment Income $346

Other Revenue $0

TOTAL REVENUE $327,843

Expense Breakdown

Grants Paid $0

Salaries & Benefits $109,697

Fundraising Expenses $0

Program Expenses $199,613

Other Expenses $221,211

TOTAL EXPENSES $330,908

Year-over-Year Comparison

	2024	2023	Change
Revenue	$327,843	$342,627	0.0%
Expenses	$330,908	$335,566	0.0%
Net Income	$-3,065	$7,061	-1.4%

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

N/A

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

$21,672

Total Directors

$88,025

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN CHAE	DIRECTOR	40.00	Director	$77,025	$11,000	$88,025
YOON KWAN CHAE	DIRECTOR EME	N/A	Officer	$21,672	$0	$21,672
JANYCE ADAMS	TREASURER	N/A	Officer Director	$0	$0	$0
LEE BREWER	PRESIDENT	N/A	Officer	$0	$0	$0
JOHN FORD	VICE PRESIDE	N/A	Officer	$0	$0	$0
JAMIE PODRATZ	SECRETARY	N/A	Officer	$0	$0	$0
MIKE SCHMIDT	FORWARDING A	N/A	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	$327,843	$330,908	$522,259	$-3,065
2023	$342,627	$335,566	$525,324	$7,061
2022	$321,615	$297,754	$518,263	$23,861
2021	$463,741	$243,044	$494,402	$220,697
2020	$293,595	$237,229	$273,705	$56,366
2019	$312,846	$262,177	$217,338	$50,669

KOREA CHRISTIAN GOSPEL MISSION INC