Korean Central United Methodist Church of Dallas
Nonprofit profile at a glance
- EIN
- 752509146
- IRS 990 coverage
- 2022–2022
- Forms available
- Form 990 2022
- Location
- Irving, TX, USA
- Phone
- 9725800991
- Rating
- 49
- Verdict
- MIXED
- Rating confidence
- Moderate
- Affiliation
- Christianity
Reported finances
- Revenue
- $3,143,995
- Expenses
- $2,588,096
- Assets
- $8,020,314
- Liabilities
- $3,410,098
Source: IRS Form 990. Selected filing: tax year 2022. Amounts in USD.
Leadership & pay
3 people listed
Highest reported compensation
- SUNG CHUL LEE (Director): $67,012 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2022. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To preach missions, nurture, worship, servant, Jesus, and to be a resource in the community. To make disciples of Jesus Christ for the transformation of the world.
What it reported doing in 2022
Mission, bible study, education, worship, music, youth, adult
Operating model
- Revenue model
- Donor-supported. 100% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 95% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
MIXED - A large share of available resources goes toward mission work and revenue comfortably covers expenses. A relatively small share of voting board members are independent and the filing does not identify recipients for some grant dollars.
Rating breakdown
- Financial Efficiency: 69
- Transparency & Controls: 58
- Accountability: 5
- Sustainability: 69
- Growth: NotEnoughData
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 71.7%; rating input score 72
- Program expense ratio: 87.1%; rating input score 87
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 81.8%; rating input score 82; 0th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: 18.6%; rating input score 19; 13th percentile among comparable filings
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 0%; rating input score 0; 3rd percentile among comparable filings
- Governance controls: 1 of 8 controls in place; rating input score 12
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Fail
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 17.7%; rating input score 75; 75th percentile among comparable filings
- Total-asset coverage ratio: 3.1; rating input score 75; 75th percentile among comparable filings
- Liabilities to assets ratio: 0.43; rating input score 27; 27th percentile among comparable filings
- Officer compensation ratio: 2.6%; rating input score 71; 71st percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: Limited
- Asset growth: Limited
Details
- Where the money goes: 71.7% of revenue deployed · 87.1% of spending went to programs
- Governance: 0 of 80 board members independent · 1 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $2.3M in reported program spending
- Leadership: top reported pay $67K · 3 people listed
- Consistency: 20 of 22 current checks pass · 2 findings to review
- Schedules: 4 filed schedules · includes grants
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Accountability: Independent voting board scored 0/100.
- High — Transparency & Controls: Grant itemization coverage scored 19/100.
- High — Accountability: Governance controls: 6 of 7 not reported.
- Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
- Review — Transparency & Controls: Foreign grants require schedule f did not reconcile in the filed values.
- High — Sustainability: Liabilities to assets ratio scored 27/100.