FGM ORGANIZATIONS INC (EIN 811682172) - 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

2016

Legal Domicile

Principal Officer

YONG HOON JEONG

Phone

6307463197

Tax Period

2024-01-01 to 2024-12-31

FGM ORGANIZATIONS INC, founded in 2016, is a small nonprofit in the Religion sector that reported $177K in total revenue in fiscal year 2024. Revenue fell 61% from the prior year — a significant decline worth monitoring. Expenses of $283K exceeded revenue, resulting in a 60% operating deficit.

Mission

ESTABLISHED TO SERVE AS A COMMUNITY OF WOWRSHIP AND FELLOWSHIP BY MATURING BELIEVERS TO PERFORM WORKS OF MINISTRY, BY SPREADING OUT PENTECOSTAL HOLY SPIRIT MOVEMENT TO ALL NATIONS.

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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 $175,517

Program Service Revenue $0

Investment Income $1,519

Other Revenue $0

TOTAL REVENUE $177,036

Expense Breakdown

Grants Paid $0

Salaries & Benefits $57,038

Fundraising Expenses $0

Program Expenses $0

Other Expenses $225,672

TOTAL EXPENSES $282,710

Year-over-Year Comparison

	2024	2023	Change
Revenue	$177,036	$456,747	-0.6%
Expenses	$282,710	$262,922	+0.1%
Net Income	$-105,674	$193,825	-1.5%

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

N/A

Employees

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

$48,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
YONG HOON JEONG	DIRECTOR	40.00	Director	$36,000	$0	$36,000
YOON SOO KIM	PASTOR	40.00	Director	$12,000	$0	$12,000

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	$177,036	$282,710	$1,186,138	$-105,674
2023	$456,747	$262,922	$1,292,708	$193,825
2022	$304,416	$273,347	$1,098,882	$31,069
2021	$170,361	$196,133	$1,074,303	$-25,772
2020	$16,347	$291,957	$1,097,425	$-275,610
2019	$680,259	$444,631	$1,370,065	$235,628
2018	$421,990	$343,306	$1,430,579	$78,684

FGM ORGANIZATIONS INC