WORLD MISSION & HOPE INC

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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

2021

Legal Domicile

Phone

9512175334

Tax Period

2024-01-01 to 2024-12-31

WORLD MISSION & HOPE INC, founded in 2021, is a small nonprofit in the Religion sector that reported $712K in total revenue in fiscal year 2024. Revenue surged 47% from the prior year, signaling strong growth momentum. Expenses of $637K left a modest 11% surplus.

Mission

improve lives in impoverished communities.

Program Service Accomplishments

Program 1

Expenses: $633,348

Focus on providing access to basic needs like food, shelter, healthcare, and education, while simultaneously empowering individuals through skills development, job training, and financial literacy...

Focus on providing access to basic needs like food, shelter, healthcare, and education, while simultaneously empowering individuals through skills development, job training, and financial literacy programs, ultimately aiming to create sustainable economic opportunities within the community itself.

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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 $711,856

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $711,856

Expense Breakdown

Grants Paid $599,843

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $633,348

Other Expenses $37,226

TOTAL EXPENSES $637,069

Year-over-Year Comparison

	2024	2023	Change
Revenue	$711,856	$485,751	+0.5%
Expenses	$637,069	$538,809	+0.2%
Net Income	$74,787	$-53,058	-2.4%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WOOHYUK KIM	President & CEO	40.00	Director	$0	$0	$0
HYUN JU SHIN	Secretary	40.00	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
2024	$711,856	$637,069	$149,622	$74,787
2022	$753,626	$744,573	$127,893	$9,053