First Korean United Methodist Church of Tacoma

EIN: 911324949 501(c)(3)

Tacoma, WA

Total Revenue
$336,890
Total Expenses
$239,421
Total Assets
$97,469
Net Assets
$97,469
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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
1995
Legal Domicile
WA
Principal Officer
Yong Kyu Park
Phone
2535890882
Tax Period
2021-01-01 to 2021-12-31

First Korean United Methodist Church of Tacoma, founded in 1995, is a small nonprofit that reported $337K in total revenue in fiscal year 2021. Revenue surged 39% from the prior year, signaling strong growth momentum. The organization ran a surplus of $97K, a strong 29% operating margin.

Mission

Spiritual studies based on the word of God Missionary activity

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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%)

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Financial Overview (2021)

Revenue Breakdown

Contributions & Grants $336,890
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $336,890

Expense Breakdown

Grants Paid $0
Salaries & Benefits $70,727
Fundraising Expenses $0
Program Expenses $29,225
Other Expenses $136,203
TOTAL EXPENSES $239,421

Year-over-Year Comparison

2021 2020 Change
Revenue $336,890 $242,538 +0.4%
Expenses $239,421 $142,573 +0.7%
Net Income $97,469 $99,965 0.0%
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

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Governance

Voting Members
2
Independent Members
N/A
Employees
3
Volunteers
15

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
0
$0
Total Directors
2
$35,517
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
YONG KYU PARK PRESIDENT 030.00
Director
$35,517 $0 $35,517
KEUM YI CFO 020.00
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
2021 $336,890 $239,421 $97,469 $97,469
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