GOODNESS AND GRACE MINISTRY INC (EIN 990647012) - 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

2024

Legal Domicile

Principal Officer

KWAN WOONG KO

Phone

7143089083

Tax Period

2024-01-01 to 2024-12-31

GOODNESS AND GRACE MINISTRY INC, founded in 2024, is a micro nonprofit in the Religion sector that reported $25K in total revenue in fiscal year 2024. The organization ran a surplus of $24K, a strong 95% operating margin.

Mission

TO DO FOLLOWING GOD'S MISSIONS. FIRST, WE SEEK OUT THOSE IN NEED AROUND US, PROVIDE REDEMPTION, OFFER FINANCIAL SUPPORT, AND EXPLORE WAYS TO HELP THEM BECOME SELF-RELIANT, ACTIVELY PRACTICING GOD'S REDEMPTION. SECONDLY, WE CREATE OR SUPPORT THE CREATION OF EDUCATIONAL MATERIALS AND CONTENT BOTH ONLINE AND OFFLINE, AND EDUCATE REDEEMED INDIVIDUALS TO PRACTICE GOD'S MISSION. FINALLY, WE SEND THESE EDUCATED INDIVIDUALS TO MISSION AREAS, FACILITATE NETWORKING, AND WORK TOGETHER TO HELP WORKERS IN EACH LOCAL COMMUNITY GROW.

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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 $25,000

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $25,000

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $1,145

TOTAL EXPENSES $1,145

Year-over-Year Comparison

	2024	2023	Change
Revenue	$25,000	N/A	N/A
Expenses	$1,145	N/A	N/A
Net Income	$23,855	N/A	N/A

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

N/A

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
DAVID BANG	CFO	N/A	Officer Director	$0	$0	$0
EUNIL KO	SECRETARY	N/A	Officer Director	$0	$0	$0
KWAN WOONG KO	CEO	N/A	Officer 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
2024	$25,000	$1,145	$23,855	$23,855

GOODNESS AND GRACE MINISTRY INC