KOREAN FIRST SOUTHERN BAPTIST CHURCH

EIN: 930801657 501(c)(3)

PORTLAND, OR

Total Revenue
$227,695
Total Expenses
$223,675
Total Assets
$2,457,090
Net Assets
$2,457,090
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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
1980
Legal Domicile
OR
Phone
9712668614
Tax Period
2024-01-01 to 2024-12-31

KOREAN FIRST SOUTHERN BAPTIST CHURCH, founded in 1980, is a small nonprofit that reported $228K in total revenue in fiscal year 2024. Revenue grew 19% year-over-year, indicating healthy expansion. Net assets of $2.5M represent 129 months of operating reserves.

Mission

A church gathering that worshipping God together and having fellowship with other christians.

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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 $227,695
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $227,695

Expense Breakdown

Grants Paid $18,764
Salaries & Benefits $105,600
Fundraising Expenses $0
Program Expenses $223,675
Other Expenses $99,311
TOTAL EXPENSES $223,675

Year-over-Year Comparison

2024 2023 Change
Revenue $227,695 $190,766 +0.2%
Expenses $223,675 $185,265 +0.2%
Net Income $4,020 $5,501 -0.3%
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
N/A
Employees
2
Volunteers
20

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
$54,000
Total Directors
2
$39,600
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Joel Kim President 40.00
Officer
$54,000 $0 $54,000
Chan Soo Park Secretary 10.00
Director
$0 $0 $0
Eun Seuk Choi Director 20.00
Director
$39,600 $0 $39,600
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 $227,695 $223,675 $2,457,090 $4,020
2023 $190,766 $185,265 $2,453,070 $5,501
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