REMNANT UNIVERSITY

EIN: 932256721 501(c)(3) Religion

Hurst, TX

Total Revenue
$604,891
Total Expenses
$764,706
Total Assets
$7,205,450
Net Assets
$7,166,002
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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
TX
Phone
5629456470
Tax Period
2024-01-01 to 2024-12-31

REMNANT UNIVERSITY, founded in 2023, is a small nonprofit in the Religion sector that reported $605K in total revenue in fiscal year 2024. Expenses of $765K exceeded revenue, resulting in a 26% operating deficit.

Mission

Providing students with evangelical education in order to bring them up as godly servants and to glorify God

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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 $297,003
Program Service Revenue $116,399
Investment Income $179,494
Other Revenue $11,995
TOTAL REVENUE $604,891

Expense Breakdown

Grants Paid $0
Salaries & Benefits $243,607
Fundraising Expenses $0
Program Expenses $400,558
Other Expenses $521,099
TOTAL EXPENSES $764,706

Year-over-Year Comparison

2024 2023 Change
Revenue $604,891 N/A N/A
Expenses $764,706 N/A N/A
Net Income $-159,815 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
N/A
Independent Members
N/A
Employees
3
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
$0
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KWANG SU RYU CHAIRMAN 0.00
Director
$0 $0 $0
WAN SIK KIM DIRECTOR 0.00
Director
$0 $0 $0
JEA DONG KIM DIRECTOR 0.00
Director
$0 $0 $0
HYUN TAE JANG DIRECTOR 0.00
Director
$0 $0 $0
DONG KWUN KIM DIRECTOR 0.00
Director
$0 $0 $0
EUN CHU CHUNG DIRECTOR 0.00
Director
$0 $0 $0
CHURL YEON KIM PRESIDENT 0.00
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
2024 $604,891 $764,706 $7,205,450 $-159,815
2023 $7,598,531 $272,714 $7,330,181 $7,325,817
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