ST JOSEPH KOREAN CATHOLIC FATHER S… - Form 990 Financial Data

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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

2020

Legal Domicile

Principal Officer

PATRICK CHYUN

Phone

2133806437

Tax Period

2024-01-01 to 2024-12-31

ST JOSEPH KOREAN CATHOLIC FATHER SCHOOL INC, founded in 2020, is a micro nonprofit in the Religion sector that reported $4K in total revenue in fiscal year 2024. Revenue fell 22% from the prior year — a significant decline worth monitoring. Expenses of $4K left a modest 5% surplus.

Mission

THE MISSION OF THE ORGANIZATION IS TO CARRY OUT CATHOLIC FAITH TROUGH EDUCATIONAL PROGRAMS TO FATHERS.

Program Service Accomplishments

Program 1

Expenses: $3,302 Revenue: $3,866

EDUCATIONAL PROMGRAM TO HELP FATHERS CATHOLIC FAITH AND HELPS FOR VICTIMS SUFFERING FROM FINANCIAL HARDSHIPS DUE TO COVID-19 INFESTATION

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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 $3,866

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $3,866

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $3,302

Other Expenses $3,677

TOTAL EXPENSES $3,677

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,866	$4,988	-0.2%
Expenses	$3,677	$8,333	-0.6%
Net Income	$189	$-3,345	-1.1%

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
SANGHAE LEE	C E O	3.00	Officer Director	$0	$0	$0
SANGDO LIM	SECRETARY	3.00	Officer Director	$0	$0	$0
PATRICK CHYUN	C F O	3.00	Officer Director	$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
2025	No data	No data	No data	No data
2024	$3,866	$3,677	$7,900	$189
2023	$4,988	$8,333	$7,711	$-3,345
2022	$5,358	$8,246	$11,056	$-2,888
2021	$14	$728	$14,053	$-714
2020	$14,700	$12,083	$14,768	$2,617

ST JOSEPH KOREAN CATHOLIC FATHER SCHOOL INC