CHUNG TE BUDDHIST ASSOCIATION OF NEW YORK INC (EIN 132990592) - Form 990 Financial Analysis & Trantor Score

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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

1977

Legal Domicile

Principal Officer

OI YIN KOO

Phone

2129625661

Tax Period

2024-01-01 to 2024-12-31

CHUNG TE BUDDHIST ASSOCIATION OF NEW YORK INC, founded in 1977, is a community nonprofit in the Religion sector that reported $2.4M in total revenue in fiscal year 2024. Revenue surged 56% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.1M, a strong 89% operating margin.

Mission

Provide facilities, reading materials, knowledgebase, and services to allow anyone to engage in the studying, worshipping, meditating, practicing, researching, lecturing, and volunteering of religions and philosophies, including but not limited to Tien-Tao. Daily/Sunday school for all ages.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,050,714

Program Service Revenue $0

Investment Income $1,325,802

Other Revenue $0

TOTAL REVENUE $2,376,516

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $249,976

Other Expenses $249,976

TOTAL EXPENSES $249,976

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,376,516	$1,518,599	+0.6%
Expenses	$249,976	$321,445	-0.2%
Net Income	$2,126,540	$1,197,154	+0.8%

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

N/A

Volunteers

150

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
Oi Yin Koo	Director, President	10	Officer Director	$0	$0	$0
Tony Tak Ming Fung	Director	10	Director	$0	$0	$0
Jung Fung Hou	Director	10	Director	$0	$0	$0
Zhao Chang Tang	Director	10	Director	$0	$0	$0
Maggie Siu Pik Man	Director	10	Director	$0	$0	$0
Pui Ming Pun	Director, Treasurer	10	Officer Director	$0	$0	$0
Shirley Wang	Director	10	Director	$0	$0	$0
Sam Kwong Shum	Director	10	Director	$0	$0	$0
Otto Lee	Director	10	Director	$0	$0	$0
Sam Choi Shum	Secretary	10	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
2024	$2,376,516	$249,976	$47,133,309	$2,126,540
2023	$1,518,599	$321,445	$45,006,769	$1,197,154
2022	$1,219,146	$137,100	$43,809,615	$1,082,046
2021	$925,486	$142,794	$42,727,569	$782,692
2020	$1,467,200	$230,911	$41,944,877	$1,236,289

CHUNG TE BUDDHIST ASSOCIATION OF NEW YORK INC