Tacoma Trinity Church

EIN: 911601594 501(c)(3)

Tacoma, WA

Total Revenue
$368,558
Total Expenses
$345,105
Total Assets
$1,401,050
Net Assets
$928,570
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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
2006
Legal Domicile
WA
Principal Officer
Sangkil Kwon
Phone
2533027529
Tax Period
2024-01-01 to 2024-12-31

Tacoma Trinity Church, founded in 2006, is a small nonprofit that reported $369K in total revenue in fiscal year 2024. Expenses of $345K left a modest 6% surplus.

Mission

To provide religious services, promote Christian teachings, and support the spiritual and community needs of its members.

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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 (2024)

Revenue Breakdown

Contributions & Grants $368,558
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $368,558

Expense Breakdown

Grants Paid $47,430
Salaries & Benefits $114,806
Fundraising Expenses $0
Program Expenses $260,761
Other Expenses $135,269
TOTAL EXPENSES $345,105

Year-over-Year Comparison

2024 2023 Change
Revenue $368,558 N/A N/A
Expenses $345,105 N/A N/A
Net Income $23,453 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

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Governance

Voting Members
5
Independent Members
3
Employees
5
Volunteers
98

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
2
$95,600
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Kwon Sangkil Senior Pastor 40.00
Officer
$30,000 $20,200 $50,200
Cheong Kwang Chun Associate Pastor 40.00
Officer
$42,000 $3,400 $45,400
Jung Chungeun Elder 2.00
Director
$0 $0 $0
Moon Cheonil Elder 2.00
Director
$0 $0 $0
Lee Kyung Y Elder 2.00
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 $368,558 $345,105 $1,401,050 $23,453
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