FULL GOSPEL WORLD MISSIONS INC (EIN 953877400) - 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

1982

Legal Domicile

Principal Officer

KYOUNGMIN KIM

Phone

9739011719

Tax Period

2023-01-01 to 2023-12-31

FULL GOSPEL WORLD MISSIONS INC, founded in 1982, is a community nonprofit that reported $2.9M in total revenue in fiscal year 2023. Revenue surged 414% from the prior year, signaling strong growth momentum.

Mission

AS THE GENERAL ASSEMBLY OF GROUP OF CHURCHES, THE ORGANIZATION PROVIDES ADMINISTATIVE SUPPORTS AND GUIDANCE TO SUPERVISE, MANAGE, AND DEVELOP AND PLANT CHRUCHES. THE ORGANIZATION ESTABLISHES GOVERNING POLISHES SETTING RULES AND REGULATIONS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $2,920,322

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $2,920,322

Expense Breakdown

Grants Paid $2,687,102

Salaries & Benefits $40,046

Fundraising Expenses $0

Program Expenses $2,980,862

Other Expenses $306,625

TOTAL EXPENSES $3,033,773

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,920,322	$568,389	+4.1%
Expenses	$3,033,773	$461,619	+5.6%
Net Income	$-113,451	$106,770	-2.1%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HYUN AHN	PRESIDENT	N/A	Officer Director	$0	$0	$0
KYOUNGMIN KIM	TREASURER	N/A	Officer	$0	$0	$0
HYUNGDU PAIK	TRUSTEE	N/A	Director	$0	$0	$0
PAN HO KIM	TRUSTEE	N/A	Director	$0	$0	$0
SEUNG HO YANG	TRUSTEE	N/A	Director	$0	$0	$0
YU CHUL CHIN	TRUSTEE	N/A	Director	$0	$0	$0
JUNG HWAN LEE	TRUSTEE	N/A	Director	$0	$0	$0
HOYONG YOON	TRUSTEE	N/A	Director	$0	$0	$0
JACOB K JOO	TRUSTEE	N/A	Director	$0	$0	$0
JOONG MAN MA	TRUSTEE	N/A	Director	$0	$0	$0
PAUL ROH	TRUSTEE	N/A	Director	$0	$0	$0
BYUNG SAM CHOI	TRUSTEE	N/A	Director	$0	$0	$0
YONG HOON CHUNG	TRUSTEE	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
2023	$2,920,322	$3,033,773	$189,427	$-113,451
2022	$568,389	$461,619	$216,251	$106,770
2021	$312,134	$313,976	$121,723	$-1,842
2020	$196,629	$368,837	$110,289	$-172,208
2018	$844,093	$125,429	$1,455,534	$718,664

FULL GOSPEL WORLD MISSIONS INC