THE KOREAN CHRISTIAN PRESS INC

EIN: 954410864 501(c)(3)

Los Angeles, CA

Total Revenue
$144,921
Total Expenses
$182,764
Total Assets
$231,162
Net Assets
$230,892
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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
1993
Legal Domicile
CA
Principal Officer
SEOUNG KOOK KIM
Phone
3236650009
Tax Period
2024-01-01 to 2024-12-31

THE KOREAN CHRISTIAN PRESS INC, founded in 1993, is a small nonprofit that reported $145K in total revenue in fiscal year 2024. Expenses of $183K exceeded revenue, resulting in a 26% operating deficit.

Mission

TO PREACH THE GOSPEL OF JESUS CHRIST

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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 $0
Program Service Revenue $0
Investment Income $5,666
Other Revenue $139,255
TOTAL REVENUE $144,921

Expense Breakdown

Grants Paid $0
Salaries & Benefits $59,780
Fundraising Expenses $0
Program Expenses $182,764
Other Expenses $122,984
TOTAL EXPENSES $182,764

Year-over-Year Comparison

2024 2023 Change
Revenue $144,921 $144,284 +0.0%
Expenses $182,764 $180,172 +0.0%
Net Income $-37,843 $-35,888 +0.1%
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

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Governance

Voting Members
7
Independent Members
6
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
3
$14,400
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SEOUNG KOOK KIM C.E.O. 2.00
Officer
$0 $0 $0
MI-EUN CHANG SECRETARY 10.00
Officer
$0 $0 $0
SEONG JA LEE C.F.O. 10.00
Officer
$14,400 $0 $14,400
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 $144,921 $182,764 $231,162 $-37,843
2023 $144,284 $180,172 $268,868 $-35,888
2022 $208,107 $201,173 $306,843 $6,934
2021 $160,029 $2,905,715 $299,655 $-2,745,686
2020 $97,647 $197,629 $3,043,226 $-99,982
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