YOUNG NAK CHURCH RESERVE TRUST (EIN 886235910) - 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

2022

Legal Domicile

Principal Officer

PHILLIP H CHO

Phone

7147438762

Tax Period

2023-01-01 to 2023-12-31

YOUNG NAK CHURCH RESERVE TRUST, founded in 2022, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $419K in total revenue in fiscal year 2023. Revenue decreased 16% compared to the prior year. Expenses of $667K exceeded revenue, resulting in a 59% operating deficit.

Mission

THE YOUNG NAK CHURCH RESERVE TRUST, A CHARITABLE TRUST, IS ORGANIZED AND OPERATED EXCLUSIVELY FOR CHARITABLE PURPOSES, NO PART OF THE NET EARNINGS OF WHICH INSURES OR IS PAYABLE TO OR FOR THE BENEFIT OF ANY PRIVATE SHAREHOLDER OR INDIVIDUAL, AND NO SUBSTANTIAL PART OF THE ACTIVITIES OF WHICH IS CARRYING ON PROPAGANDA, OR OTHERWISE ATTEMPTING TO INFLUENCE LEGISLATION, AND WHICH DO NOT PARTICIPATE IN OR INTERVENE IN (INCLUDING THE PUBLISHING OR DISTRIBUTING OF STATEMENTS) ANY POLITICAL CAMPAIGN ON BEHALF OF OR IN OPPOSITION TO ANY CANDIDATE FOR PUBLIC OFFICE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $419,452

Program Service Revenue $0

Investment Income $4

Other Revenue $0

TOTAL REVENUE $419,456

Expense Breakdown

Grants Paid $119,280

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $119,280

Other Expenses $547,840

TOTAL EXPENSES $667,120

Year-over-Year Comparison

	2023	2022	Change
Revenue	$419,456	$497,681	-0.2%
Expenses	$667,120	$250,017	+1.7%
Net Income	$-247,664	$247,664	-2.0%

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
PHILLIP H CHO	TRUSTEE	N/A	Officer Director	$0	$0	$0
BYUNG WU CHOI	TRUSTEE	N/A	Officer Director	$0	$0	$0
PAUL KOH	TRUSTEE	N/A	Officer Director	$0	$0	$0
JAMES JISOO LEE	TRUSTEE	N/A	Officer Director	$0	$0	$0
EUNSUNG PARK	TRUSTEE	N/A	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
2023	$419,456	$667,120	No data	$-247,664
2022	$497,681	$250,017	$247,664	$247,664

YOUNG NAK CHURCH RESERVE TRUST