BUDDHIST ASSOCIATION OF CONNECTICUT

EIN: 061416922 501(c)(3)

NEW BRITAIN, CT

Total Revenue
$145,722
Total Expenses
$127,673
Total Assets
$240,940
Net Assets
$240,940
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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
1980
Legal Domicile
CT
Phone
8606120077
Tax Period
2022-01-01 to 2022-12-31

BUDDHIST ASSOCIATION OF CONNECTICUT, founded in 1980, is a small nonprofit that reported $146K in total revenue in fiscal year 2022. Expenses of $128K left a modest 12% surplus.

Mission

TRAINING AND PRACTICING BUDDHISM TO VIETNAMESE AND ENGLISH SPEAKING COMMUNITY

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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 (2022)

Revenue Breakdown

Contributions & Grants $107,185
Program Service Revenue $0
Investment Income $38,537
Other Revenue $0
TOTAL REVENUE $145,722

Expense Breakdown

Grants Paid $0
Salaries & Benefits $6,000
Fundraising Expenses $0
Program Expenses $0
Other Expenses $121,673
TOTAL EXPENSES $127,673

Year-over-Year Comparison

2022 2021 Change
Revenue $145,722 N/A N/A
Expenses $127,673 N/A N/A
Net Income $18,049 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

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Governance

Voting Members
6
Independent Members
6
Employees
N/A
Volunteers
20

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
6
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
THE NGUYEN PRESIDENT 10.00
Officer
$0 $0 $0
BACH BANG VICE PRESIDENT 8.00
Officer
$0 $0 $0
VAN BANG TRESURER 15.00
Officer
$0 $0 $0
HANG SUYDAM BOARD MEMBER 5.00
Officer
$0 $0 $0
HIEN NGUYEN BOARD MEMBER 1.00
Officer
$0 $0 $0
QUAN TRAN BOARD MEMBER 1.00
Officer
$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
2022 $145,722 $127,673 $240,940 $18,049
2020 $83,854 $91,050 $171,386 $-7,196
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