KOREAN EVANGELICAL METHODIST CHURCH OF MINNESOTA (EIN 922464738) - 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

2023

Legal Domicile

Principal Officer

Jason Lee

Phone

9522140007

Tax Period

2023-01-01 to 2023-12-31

KOREAN EVANGELICAL METHODIST CHURCH OF MINNESOTA, founded in 2023, is a micro nonprofit in the Religion sector that reported $69K in total revenue in fiscal year 2023. Expenses of $65K left a modest 6% surplus.

Mission

We are a Methodist church that seeks to proclaim the Gospel of the Lord Jesus Christ, establish and maintain religious worship, educate believers in a manner consistent with the requirements of Holy Scripture and maintain missionary activities in the United States and around the world. The primary activities of our Church will be holding worship services regularly on Sundays as well as specialized services on Wednesday evenings, Friday evenings, and Saturday mornings. To actively take the Church to our neighbors close and far away, we will conduct missionary work on a regular basis. We have conducted outreach programs for the assisted living homes, homeless encampments in the inner city, and Native Americans in South Dakota. We will continue these primary functions of a living 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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $68,815

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $68,815

Expense Breakdown

Grants Paid $0

Salaries & Benefits $32,696

Fundraising Expenses $0

Program Expenses $64,815

Other Expenses $32,119

TOTAL EXPENSES $64,815

Year-over-Year Comparison

	2023	2022	Change
Revenue	$68,815	N/A	N/A
Expenses	$64,815	N/A	N/A
Net Income	$4,000	$0	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

Governance

Voting Members

Independent Members

Employees

Volunteers

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

$28,750

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Won Geun Lee	Rev.	30	Key Emp	$10,000	$10,000	$20,000
Eric Shin	Rev.	30	Key Emp	$0	$8,750	$8,750
Jason Lee	Officer	5	Officer	$0	$0	$0
Hyung Ook Park	Treasurer	5	Officer	$0	$0	$0
Meelee Kim	Officer	5	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
2023	$68,815	$64,815	$2,045,000	$4,000

KOREAN EVANGELICAL METHODIST CHURCH OF MINNESOTA