KALACHAKRA BUDDHA ASSOCIATIONS

EIN: 208002744 501(c)(3) Religion

Farmersville, TX

Total Revenue
$857,968
Total Expenses
$423,477
Total Assets
$5,851,101
Net Assets
$4,488,763
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2006
Legal Domicile
TX
Principal Officer
ALICE SONG
Phone
9727827587
Tax Period
2024-01-01 to 2024-12-31

KALACHAKRA BUDDHA ASSOCIATIONS, founded in 2006, is a small nonprofit in the Religion sector that reported $858K in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year. The organization ran a surplus of $434K, a strong 51% operating margin.

Mission

The Corporation is organized exclusively for charitable, religious, education, and scientific purposes. KBA is a Religious Organization - Chinese Buddhist Temple.

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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 (2024)

Revenue Breakdown

Contributions & Grants $836,351
Program Service Revenue $0
Investment Income $6,525
Other Revenue $15,092
TOTAL REVENUE $857,968

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $164,136
Other Expenses $423,477
TOTAL EXPENSES $423,477

Year-over-Year Comparison

2024 2023 Change
Revenue $857,968 $916,174 -0.1%
Expenses $423,477 $427,320 0.0%
Net Income $434,491 $488,854 -0.1%
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
7
Independent Members
7
Employees
N/A
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
0
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ALICE SONG Board of Director 040.00
Director
$0 $0 $0
YU-CHIAO LIN CHEN Board of Director 004.00
Director
$0 $0 $0
OTTO LEUNG Board of Director 004.00
Director
$0 $0 $0
ALEX SONG Board of Director 004.00
Director
$0 $0 $0
DAVID SHAN-CHING CHEN Board of Director 004.00
Director
$0 $0 $0
KE CHI JANG Board of Director 004.00
Director
$0 $0 $0
SHEAN-JEN SONG Board of Director 040.00
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 $857,968 $423,477 $5,851,101 $434,491
2023 $916,174 $427,320 $5,408,098 $488,854
2022 $726,218 $338,750 $4,877,047 $387,468
2021 $783,296 $393,534 $4,404,690 $389,762
2020 $761,097 $202,004 $4,014,927 $559,093
2019 $524,725 $263,767 $3,510,293 $260,958
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