Grace Korean Church Inc (EIN 823271316) - 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

Sungchan Ahn

Phone

4703754021

Tax Period

2025-01-01 to 2025-12-31

Grace Korean Church Inc, founded in 2017, is a small nonprofit in the Religion sector that reported $334K in total revenue in fiscal year 2025. Revenue decreased 17% compared to the prior year. Expenses of $396K exceeded revenue, resulting in a 18% operating deficit.

Mission

We believe that we glorify the Triune God and love Him with our hearts through worship and sacraments, by which we are given grace and power. Also, we believe in the Great Commission which is to be a witness of Jesus Christ to all the earth.

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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 (2025)

Revenue Breakdown

Contributions & Grants $334,215

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $334,215

Expense Breakdown

Grants Paid $0

Salaries & Benefits $94,403

Fundraising Expenses $0

Other Expenses $301,434

TOTAL EXPENSES $395,837

Year-over-Year Comparison

	2025	2024	Change
Revenue	$334,215	$402,301	-0.2%
Expenses	$395,837	$388,163	+0.0%
Net Income	$-61,622	$14,138	-5.4%

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

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

$63,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Sungchan Ahn	Pastor	40.00	Officer	$33,000	$30,000	$63,000

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
2025	$334,215	$395,837	$1,918,777	$-61,622
2024	$402,301	$388,163	$1,991,573	$14,138
2023	$402,242	$434,288	$2,024,522	$-32,046
2022	$606,611	$560,438	$2,115,985	$46,173
2021	$690,383	$444,354	$1,926,389	$246,029
2020	$538,484	$482,877	$338,127	$55,607
2019	$558,997	$522,415	$248,913	$36,582
2018	$565,835	$486,431	$155,604	$79,404

Grace Korean Church Inc