THE TIBETAN COMMUNITY OF NEW YORK AND NEW JERSEY INC

EIN: 010685280 501(c)(3) Education

WOODSIDE, NY

Total Revenue
$1,189,071
Total Expenses
$875,675
Total Assets
$9,043,755
Net Assets
$4,589,553
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2002
Legal Domicile
NY
Principal Officer
KELSANG TSERING
Phone
9175446413
Tax Period
2023-01-01 to 2023-12-31

THE TIBETAN COMMUNITY OF NEW YORK AND NEW JERSEY INC, founded in 2002, is a community nonprofit in the Education sector that reported $1.2M in total revenue in fiscal year 2023. Revenue surged 21% from the prior year, signaling strong growth momentum. The organization ran a surplus of $313K, a strong 26% operating margin.

Mission

PROMOTE TIBETAN CULTURE, LANGUAGE, HISTORY, CUSTOMS AND TRADITIONS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $836,208
Program Service Revenue $331,840
Investment Income $134
Other Revenue $20,889
TOTAL REVENUE $1,189,071

Expense Breakdown

Grants Paid $0
Salaries & Benefits $82,802
Fundraising Expenses $27,715
Program Expenses $135,444
Other Expenses $792,873
TOTAL EXPENSES $875,675

Year-over-Year Comparison

2023 2022 Change
Revenue $1,189,071 $978,984 +0.2%
Expenses $875,675 $894,949 0.0%
Net Income $313,396 $84,035 +2.7%
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

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Liquidity & Cash Position

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Governance

Voting Members
13
Independent Members
13
Employees
2
Volunteers
572

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
4
$0
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TENZIN CHOEDON TREASURER 0.00
Officer Director
$0 $0 $0
SONAM GYA HALL COORDINATOR 0.00
Director
$0 $0 $0
SAMTEN NORBU ACCOUNTANT 0.00
Director
$0 $0 $0
TRINLY PALJOR HALL COORDINATOR 0.00
Director
$0 $0 $0
TSHERING PEMA CULTURAL COORDINATOR 0.00
Director
$0 $0 $0
JIGME SANGAY GREEN BK COORDINATOR 0.00
Director
$0 $0 $0
NGAWANG TAMDING HALL COORDINATOR 0.00
Director
$0 $0 $0
NGAWANG TSERING VICE PRESIDENT 0.00
Officer Director
$0 $0 $0
TASHI TSERING SECRETARY 0.00
Officer Director
$0 $0 $0
KALSANG WANGMO PRO/CULTURAL COORDINATOR 0.00
Director
$0 $0 $0
KALSANG YONTEN GREEN BK COORDINATOR 0.00
Director
$0 $0 $0
NORBU TSERING CHOEZUNG PRESIDENT 0.00
Officer Director
$0 $0 $0
LOBSANG NGAWANG HALL COORDINATOR 0.00
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 No data No data No data No data
2023 $1,189,071 $875,675 $9,043,755 $313,396
2022 $978,984 $894,949 $9,135,441 $84,035
2021 $882,376 $706,561 $9,537,415 $175,815
2020 $777,496 $846,760 $9,675,898 $-69,264
2019 $1,330,098 $1,142,326 $9,761,618 $187,772
2018 $726,639 $721,733 $9,840,287 $4,906
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