Living Church (EIN 861445817) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2021

Legal Domicile

Principal Officer

Jae Kyeong Kwak

Tax Period

2023-01-01 to 2023-12-31

Living Church, founded in 2021, is a small nonprofit in the Religion sector that reported $214K in total revenue in fiscal year 2023.

Mission

Church is for Worship(Celebrating Gods presence Ministry), Demonstrating Gods love Evangelism, Communicating Gods word Fellowship, Assimulating Gods family Discipleship, Educating Gods people.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $214,069

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $214,069

Expense Breakdown

Grants Paid $32,496

Salaries & Benefits $84,371

Fundraising Expenses $0

Program Expenses $32,496

Other Expenses $97,759

TOTAL EXPENSES $214,626

Year-over-Year Comparison

	2023	2022	Change
Revenue	$214,069	N/A	N/A
Expenses	$214,626	N/A	N/A
Net Income	$-557	N/A	N/A

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

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

$80,200

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jae Kyeong Kwak	President	40.00	Officer	$40,840	$39,360	$80,200

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
2023	$214,069	$214,626	$3,720	$-557

Living Church