CENTRAL KOREAN GLOBAL METHODIST CHURCH (EIN 931676677) - 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

MYUNGCHUL SONG

Phone

9136492488

Tax Period

2024-01-01 to 2024-12-31

CENTRAL KOREAN GLOBAL METHODIST CHURCH, founded in 2023, is a small nonprofit in the Religion sector that reported $374K in total revenue in fiscal year 2024.

Mission

To preach the gospel, make disciples, and teach believers to live according to Christs teachings and to serve as the body of Christ in the world.

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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 (2024)

Revenue Breakdown

Contributions & Grants $373,981

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $373,981

Expense Breakdown

Grants Paid $0

Salaries & Benefits $146,072

Fundraising Expenses $0

Program Expenses $377,700

Other Expenses $231,628

TOTAL EXPENSES $377,700

Year-over-Year Comparison

	2024	2023	Change
Revenue	$373,981	N/A	N/A
Expenses	$377,700	N/A	N/A
Net Income	$-3,719	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

Governance

Voting Members

Independent Members

N/A

Employees

Volunteers

236

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

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
MYUNGCHUL SONG	SENIOR PASTOR	Officer Director	$0	$0	$0
SUSANA KWON	SECRETARY	Officer Director	$0	$0	$0
SANGJUNG NAM	TREASURER	Officer Director	$0	$0	$0
KYOUNG KIM	CHAIR OF THE BOARD OF TRUSTEES	Officer Director	$0	$0	$0
KYUNGJOONG KIM	DISCIPLESHIP TEAM LEADER	Officer Director	$0	$0	$0
YOUNGSIL DOKKO	LAY LEADER	Officer Director	$0	$0	$0
CHAN PARK	PRESIDENT OF THE MENS MINISTRIES	Officer Director	$0	$0	$0
KYOUNG MIN BAE	LEADER OF CHURCH MUSIC	Officer Director	$0	$0	$0
CHEOLSOO LEE	EDUCATION MINISTRIES TEAM LEADER	Officer Director	$0	$0	$0
JOY CHOE	MISSION MINISTRIES TEAM LEADER	Officer Director	$0	$0	$0
HYUNJU GARDUNO	PRESIDENT OF THE WOMENS MINISTRIES	Officer 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	$373,981	$377,700	$619,861	$-3,719

CENTRAL KOREAN GLOBAL METHODIST CHURCH