HANWOORY PRESBYTERIAN CHURCH

EIN: 953471659 501(c)(3)

Reseda, CA

Total Revenue
$164,531
Total Expenses
$153,951
Total Assets
$271,717
Net Assets
$271,717
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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
CA
Phone
2133693700
Tax Period
2024-01-01 to 2024-12-31

HANWOORY PRESBYTERIAN CHURCH, founded in 1980, is a small nonprofit that reported $165K in total revenue in fiscal year 2024. Revenue decreased 17% compared to the prior year. Expenses of $154K left a modest 6% surplus.

Mission

Primary purposes are Worship, Fellowship, Discipleship, Ministry and Mission.

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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 $160,752
Program Service Revenue $0
Investment Income $3,779
Other Revenue $0
TOTAL REVENUE $164,531

Expense Breakdown

Grants Paid $0
Salaries & Benefits $75,856
Fundraising Expenses $0
Program Expenses $23,668
Other Expenses $78,095
TOTAL EXPENSES $153,951

Year-over-Year Comparison

2024 2023 Change
Revenue $164,531 $198,161 -0.2%
Expenses $153,951 $147,676 +0.0%
Net Income $10,580 $50,485 -0.8%
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
3
Employees
1
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
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Younggyu Shin CEO 40.00
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 $164,531 $153,951 $271,717 $10,580
2023 $198,161 $153,448 $261,137 $44,713
2020 $181,286 $169,330 $148,870 $11,956
2019 $246,734 $235,333 $136,914 $11,401
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