THE KOREAN CHRISTIAN PRESS INC

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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

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

Program Service Accomplishments

Program 1

Expenses: $109,979 Revenue: $250,279

THIS CORPORATION PREACH THE GOSPEL OF JESUS CHRIST TO MORE THAN 8,000 SUBSCRIBERS AND PUBLIC THROUGH PUBLISHING CHRISTIAN PAPERS.

Program 2

Expenses: $34,685 Revenue: $0

SCHOLARSHIP ACTIVITIES

Program 3

Expenses: $38,100 Revenue: $0

MISSION ACTIVITIES

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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 (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

Governance

Voting Members

Independent Members

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

$14,400

Total Directors

Key Employees

Highest Compensated

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