LIGHT PRESBYTERIAN CHURCH INC (EIN 822791851) - 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

2017

Legal Domicile

Principal Officer

JAE H CHUNG

Tax Period

2023-01-01 to 2023-12-31

LIGHT PRESBYTERIAN CHURCH INC, founded in 2017, is a small nonprofit in the Religion sector that reported $344K in total revenue in fiscal year 2023. Revenue surged 34% from the prior year, signaling strong growth momentum. Expenses of $329K left a modest 4% surplus.

Mission

REFORMED PRESBYTERIAN CHURCH WORSHIP, BIBLE STUDY, BAPTISM, MISSION, WEDDING, FUNERAL, AND OTHER GENERAL RELIGIOUS ACTIVITIES UNDER IRC 501C3

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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 $344,272

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $344,272

Expense Breakdown

Grants Paid $0

Salaries & Benefits $55,702

Fundraising Expenses $0

Program Expenses $83,577

Other Expenses $273,781

TOTAL EXPENSES $329,483

Year-over-Year Comparison

	2023	2022	Change
Revenue	$344,272	$257,459	+0.3%
Expenses	$329,483	$246,951	+0.3%
Net Income	$14,789	$10,508	+0.4%

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

N/A

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

$33,600

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DONG EUN PARK	PRESIDENT	24	Officer	$33,600	$0	$33,600
JAMES J CHO	TREASURER	8	Officer	$0	$0	$0
JAE H CHUNG	SECRETARY	8	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	$344,272	$329,483	$376,921	$14,789
2022	$257,459	$246,951	$384,420	$10,508
2021	$399,199	$331,985	$390,804	$67,214
2020	$288,179	$288,023	$423,755	$156
2019	$256,744	$267,496	$263,599	$-10,752

LIGHT PRESBYTERIAN CHURCH INC