THE TIBETAN COMMUNITY OF NEW YORK … - Form 990 Financial Data

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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

2002

Legal Domicile

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.

Program Service Accomplishments

Program 1

Expenses: $135,444 Revenue: $331,840

WE OFFER OUR SUPPORT OF TIBETAN-BASED EDUCATIONAL, CULTURAL AND RELIGIOUS PROGRAMS, WHILE ALSO REACHING OUT TO COMMUNITY MEMBERS IN NEED. WHILE WE ARE COMMITTED TO BUILDING STRONG RELATIONSHIPS...

WE OFFER OUR SUPPORT OF TIBETAN-BASED EDUCATIONAL, CULTURAL AND RELIGIOUS PROGRAMS, WHILE ALSO REACHING OUT TO COMMUNITY MEMBERS IN NEED. WHILE WE ARE COMMITTED TO BUILDING STRONG RELATIONSHIPS WITHIN THE TIBETAN COMMUNITY THROUGH ORGANIZING EVENTS THAT WILL ALLOW MEMBERS TO CONNECT AND REACH OUT TO ONE ANOTHER, WE ALSO EMBRACE OUR RELATIONSHIPS OUTSIDE THE COMMUNITY THROUGH CREATING AND ORGANIZING AWARENESS CAMPAIGNS.

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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 (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

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
TENZIN CHOEDON	TREASURER	Officer Director	$0	$0	$0
SONAM GYA	HALL COORDINATOR	Director	$0	$0	$0
SAMTEN NORBU	ACCOUNTANT	Director	$0	$0	$0
TRINLY PALJOR	HALL COORDINATOR	Director	$0	$0	$0
TSHERING PEMA	CULTURAL COORDINATOR	Director	$0	$0	$0
JIGME SANGAY	GREEN BK COORDINATOR	Director	$0	$0	$0
NGAWANG TAMDING	HALL COORDINATOR	Director	$0	$0	$0
NGAWANG TSERING	VICE PRESIDENT	Officer Director	$0	$0	$0
TASHI TSERING	SECRETARY	Officer Director	$0	$0	$0
KALSANG WANGMO	PRO/CULTURAL COORDINATOR	Director	$0	$0	$0
KALSANG YONTEN	GREEN BK COORDINATOR	Director	$0	$0	$0
NORBU TSERING CHOEZUNG	PRESIDENT	Officer Director	$0	$0	$0
LOBSANG NGAWANG	HALL COORDINATOR	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

THE TIBETAN COMMUNITY OF NEW YORK AND NEW JERSEY INC