SERIN CHARITIES INC (EIN 800776039) - 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

2012

Legal Domicile

Principal Officer

HYUNJUNG LEE

Tax Period

2024-01-01 to 2024-12-31

SERIN CHARITIES INC, founded in 2012, is a small nonprofit in the Education sector that reported $369K in total revenue in fiscal year 2024. Revenue fell 35% from the prior year — a significant decline worth monitoring.

Mission

THE ORGANIZATION IS FORMED TO PROMOTE CHRISTIANITY GENERALLY BY PROVIDING CHRISTIAN BASED EDUCATION IN SOUTH KOREA. IT ALSO PROVIDES ADULT EDUCATION IN THE AREAS OF ENGLISH INSTRUCTION.

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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 $369,000

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $369,000

Expense Breakdown

Grants Paid $361,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $361,000

Other Expenses $8,187

TOTAL EXPENSES $369,187

Year-over-Year Comparison

	2024	2023	Change
Revenue	$369,000	$571,500	-0.4%
Expenses	$369,187	$571,449	-0.4%
Net Income	$-187	$51	-4.7%

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

Independent Members

Employees

N/A

Volunteers

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEROME LEE	DIRECTOR	1.00	Director	$0	$0	$0
JOHN LEE	DIRECTOR	1.00	Director	$0	$0	$0
REVDANIEL PARK	DIRECTOR	0.50	Director	$0	$0	$0
HYUNJUNG LEE	DIRECTOR	40.00	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	$369,000	$369,187	$385	$-187
2023	$571,500	$571,449	$572	$51
2022	$344,900	$345,036	$521	$-136
2021	$430,000	$429,913	$657	$87
2020	$373,000	$402,947	$570	$-29,947
2019	$317,500	$287,292	$30,517	$30,208
2018	$285,000	$285,303	$309	$-303

SERIN CHARITIES INC