THE CHURCH OF JOY (EIN 800474614) - 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

2009

Legal Domicile

Principal Officer

REV HUI MOON LEE

Phone

3237884131

Tax Period

2023-01-01 to 2023-12-31

THE CHURCH OF JOY, founded in 2009, is a small nonprofit in the Religion sector that reported $582K in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $551K left a modest 5% surplus.

Mission

CHURCH TO WORSHIP GOD, & TO SPREAD JESUS GOSPEL, & TO DEVELOP METHOD OF PREACHING THE GOSPEL AS WELL AS TRAINING WITH SPIRITUAL REHABILITATION

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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 $537,455

Program Service Revenue $0

Investment Income $0

Other Revenue $44,883

TOTAL REVENUE $582,338

Expense Breakdown

Grants Paid $0

Salaries & Benefits $144,735

Fundraising Expenses $0

Program Expenses $303,370

Other Expenses $406,020

TOTAL EXPENSES $550,755

Year-over-Year Comparison

	2023	2022	Change
Revenue	$582,338	$515,655	+0.1%
Expenses	$550,755	$534,193	+0.0%
Net Income	$31,583	$-18,538	-2.7%

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

150

Independent Members

Employees

Volunteers

212

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

$28,800

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
REV HUI M LEE	C E O	40.00	Officer	$28,800	$0	$28,800
YOUNG B CHOE	SECRETARY	15.00	Officer	$0	$0	$0
JUNG H JUNG	C F O	15.00	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	$582,338	$550,755	$395,147	$31,583
2022	$515,655	$534,193	$378,879	$-18,538
2021	$496,275	$461,684	$385,149	$34,591
2020	$552,558	$482,674	$373,538	$69,884
2019	$536,651	$525,927	$301,636	$10,724

THE CHURCH OF JOY