KENT FIRST KOREAN CHURCH

EIN: 911655464 501(c)(3)

KENT, WA

Total Revenue
$235,174
Total Expenses
$286,594
Total Assets
$168,550
Net Assets
$168,550
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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
1994
Legal Domicile
WA
Principal Officer
JONG PIL OH
Tax Period
2021-01-01 to 2021-12-31

KENT FIRST KOREAN CHURCH, founded in 1994, is a small nonprofit that reported $235K in total revenue in fiscal year 2021. Revenue surged 63% from the prior year, signaling strong growth momentum. Expenses of $287K exceeded revenue, resulting in a 22% operating deficit.

Mission

A SECTION 501(C)(3)ORGANIZATION'S CHARITABLE ACTIVITIES AS A CHRISTIAN CHURCH.

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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 $172,182
Program Service Revenue $0
Investment Income $62,992
Other Revenue $0
TOTAL REVENUE $235,174

Expense Breakdown

Grants Paid $0
Salaries & Benefits $54,000
Fundraising Expenses $0
Program Expenses $242,686
Other Expenses $232,594
TOTAL EXPENSES $286,594

Year-over-Year Comparison

2021 2020 Change
Revenue $235,174 $144,492 +0.6%
Expenses $286,594 $164,559 +0.7%
Net Income $-51,420 $-20,067 +1.6%
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
3
Independent Members
2
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
1
$36,000
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JONG PIL OH PRESIDENT 40.00
Officer
$36,000 $0 $36,000
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 $235,174 $286,594 $168,550 $-51,420
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