EMPOWERMENT FUND PROJECT INC (EIN 874098376) - 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

2021

Legal Domicile

Principal Officer

Chung Ko

Phone

9172709126

Tax Period

2024-01-01 to 2024-12-31

EMPOWERMENT FUND PROJECT INC, founded in 2021, is a micro nonprofit in the Religion sector that reported $20K in total revenue in fiscal year 2024. Revenue fell 141% from the prior year — a significant decline worth monitoring.

Mission

The Corporation is created as a supporting organization to advance the tax-exempt purposes of domestic nonprofit organizations that are organized and operated exclusively for charitable, religious, and educational purposes and whose activities include public reading of scripture and "just show up book clubs" to learn, grow, and serve in honoring Christ (the "Supported Organizations"). The Corporation was formed, and will be operated, as a Type I Code section 509(a)(3) supporting organization.

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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 $0

Program Service Revenue $0

Investment Income $-19,642

Other Revenue $0

TOTAL REVENUE $-19,642

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $0

Other Expenses $498

TOTAL EXPENSES $498

Year-over-Year Comparison

	2024	2023	Change
Revenue	$-19,642	$48,354	-1.4%
Expenses	$498	$6,040	-0.9%
Net Income	$-20,140	$42,314	-1.5%

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

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
Chung Ko	President and Director	2.00	Officer Director	$0	$0	$0
John Mooney	Director	0.5	Director	$0	$0	$0
Brian Hall	Director	0.5	Director	$0	$0	$0
Juhee Choi	Treasurer and Secretary	1.00	Officer	$0	$0	$0
Jayden Ko	Founder Member	1	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	$-19,642	$498	$59,945	$-20,140

EMPOWERMENT FUND PROJECT INC