The Korean United Methodist Church of Waco
Nonprofit profile at a glance
- EIN
- 464111259
- IRS 990 coverage
- 2014–2014
- Forms available
- Form 990 2014
- Location
- Waco, TX, USA
- Phone
- 2547572621
- Rating
- 78
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Affiliation
- Christianity
Reported finances
- Revenue
- $221,535
- Expenses
- $206,249
- Assets
- $1,350,967
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2014. Amounts in USD.
Leadership & pay
10 people listed
Highest reported compensation
- YOHAN JU (Trustee): $33,438 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2014. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To operate a church to worship god and to share the gospel of jesus christ through the activities of the organization
What it reported doing in 2014
Church service - propagation of christianity
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 100% 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
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and reported officer compensation is a large share of total spending, which may reflect staffing concentration.
Rating breakdown
- Financial Efficiency: 77
- Transparency & Controls: 100
- Accountability: 70
- Sustainability: 66
- Growth: NotEnoughData
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 83.8%; rating input score 84
- Program expense ratio: 90%; rating input score 90
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 90%; rating input score 90; 24th percentile among comparable filings
- Governance controls: 3 of 8 controls in place; rating input score 43
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: Limited
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 6.9%; rating input score 60; 60th percentile among comparable filings
- Total-asset coverage ratio: 6.55; rating input score 84; 84th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 86; 86th percentile among comparable filings
- Officer compensation ratio: 16.2%; rating input score 26; 26th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: Limited
- Asset growth: Limited
Details
- Where the money goes: 83.8% of revenue deployed · 90% of spending went to programs
- Governance: 9 of 10 board members independent · 3 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $186K in reported program spending
- Leadership: top reported pay $33K · 10 people listed
- Consistency: 19 of 19 current checks pass
- Schedules: 3 filed schedules
- 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.
- Moderate — Accountability: Governance controls: 3 of 6 not reported.
- High — Sustainability: Officer compensation ratio scored 26/100.