DHARMA DRUM RETREAT CENTER INC (EIN 201849707) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2004

Legal Domicile

Principal Officer

TSUNGPING WANG

Phone

8479513602

Tax Period

2023-01-01 to 2023-12-31

DHARMA DRUM RETREAT CENTER INC, founded in 2004, is a small nonprofit in the Religion sector that reported $714K in total revenue in fiscal year 2023. Revenue decreased 6% compared to the prior year. Expenses of $659K left a modest 8% surplus.

Mission

Dharma Drum Retreat Center Inc is incorporated under NY state religious corporation law. The mission of Dharma Drum Retreat Center Inc is to promote the practice of Chinese Chan Buddhism in the western hemisphere. The teaching practiced and taught is based on the Dharma Drum Mountain Lineage developed by the founder Chan Master Sheng Yen.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $462,789

Program Service Revenue $218,899

Investment Income $8,225

Other Revenue $24,066

TOTAL REVENUE $713,979

Expense Breakdown

Grants Paid $0

Salaries & Benefits $24,490

Fundraising Expenses $0

Program Expenses $638,173

Other Expenses $634,458

TOTAL EXPENSES $658,948

Year-over-Year Comparison

	2023	2022	Change
Revenue	$713,979	$759,582	-0.1%
Expenses	$658,948	$480,669	+0.4%
Net Income	$55,031	$278,913	-0.8%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

N/A

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
Yuh-Jaan Wey	Board member	002.00	Officer Director	$0	$0	$0
Iris Wang	Board Member	002.00	Officer Director	$0	$0	$0
Tsung Ping Wang	Director	040.00	Officer Director	$0	$0	$0
Chunyen Wang	Board Member	002.00	Officer Director	$0	$0	$0
Guo Yuan	Abbot	040.00	Officer	$0	$0	$0
Hung-Lung Hung	President	004.00	Officer	$0	$0	$0
Grace Su Ching Chiang	Secretary	020.00	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
2024	No data	No data	No data	No data
2023	$713,979	$658,948	$3,781,046	$55,031
2022	$759,582	$480,669	$3,732,596	$278,913
2021	$510,345	$367,362	$3,451,513	$142,983
2020	$557,092	$409,821	$3,312,725	$147,271
2019	$1,030,184	$373,473	$3,153,164	$656,711
2018	$2,375,455	$559,445	$2,496,013	$1,816,010

DHARMA DRUM RETREAT CENTER INC