KOREAN EVANGELICAL CHURCH OF AMERICA

EIN: 953819260 501(c)(3) Religion

TORRANCE, CA

Total Revenue
$1,154,739
Total Expenses
$1,152,721
Total Assets
$3,864,673
Net Assets
$3,196,431
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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
1982
Legal Domicile
CA
Principal Officer
REV ZION KIM
Phone
4245583443
Tax Period
2024-04-01 to 2025-03-31

KOREAN EVANGELICAL CHURCH OF AMERICA, founded in 1982, is a community nonprofit in the Religion sector that reported $1.2M in total revenue in fiscal year 2024. Net assets of $3.2M represent 33 months of operating reserves.

Mission

THIS IS THE HEADQUARTER OF KOREAN EVANGELICAL CHURCHES IN AMERICA. IT HELD ANNUAL MEETINGS AND SUPPORTS MISSIONARY.

Program Service Accomplishments

Program 1
Expenses: $287,429

HELD ANNUAL MEETING TO REPORT PREVIOUS FISCAL YEARS ACTIVITIES AND ELECT NEW BOARD OF DIRECTORS.

Program 2
Expenses: $317,284

SUPPORT NEWLY ESTABLISHED CHURCHED AND SMALL CHURCHED. ALSO PROVIDE FINANCIAL SUPPORT TO MISSIONARY COLLEGE.

Program 3
Expenses: $380,379

PROVIDE FINANCIAL SUPPORT TO FOREIGN AND DOMESTIC MISSIONARIES. SENDING CAPITAL TO MISSIONARIES ON REGULAR BASIS.

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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 $1,102,245
Program Service Revenue $0
Investment Income $7,674
Other Revenue $44,820
TOTAL REVENUE $1,154,739

Expense Breakdown

Grants Paid $0
Salaries & Benefits $74,549
Fundraising Expenses $0
Program Expenses $985,092
Other Expenses $1,078,172
TOTAL EXPENSES $1,152,721

Year-over-Year Comparison

2024 2023 Change
Revenue $1,154,739 $1,130,104 +0.0%
Expenses $1,152,721 $1,088,042 +0.1%
Net Income $2,018 $42,062 -1.0%
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
8
Independent Members
8
Employees
2
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
3
$12,000
Total Directors
8
$12,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
REV ZION KIM GENERAL MANA 10.00
Officer Director
$12,000 $0 $12,000
JOUSHUA AHN VICE PRESIDE N/A
Director
$0 $0 $0
YOHAN HUR VICE CFO N/A
Director
$0 $0 $0
IN CHUNG JUNG VICE PRESIDE N/A
Director
$0 $0 $0
JU HYUN JUNG CFO N/A
Officer Director
$0 $0 $0
JONG HO KIM PRESIDENT N/A
Officer Director
$0 $0 $0
JONG MIN KIM SECRETARY N/A
Director
$0 $0 $0
SUK LEE VICE SECRETA N/A
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
2025 $1,154,739 $1,152,721 $3,864,673 $2,018
2024 $1,130,104 $1,088,042 $3,879,494 $42,062
2023 $1,134,277 $1,087,818 $3,853,690 $46,459
2022 $968,836 $988,184 $3,826,304 $-19,348
2021 $911,457 $990,633 $3,878,894 $-79,176
2020 $3,272,595 $892,291 $3,208,175 $2,380,304
2019 $606,508 $658,160 $1,017,012 $-51,652
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