BARRE CENTER FOR BUDDHIST STUDIES INC (EIN 223058493) - 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

1990

Legal Domicile

Principal Officer

RICHARD HENNING

Phone

9783552347

Tax Period

2023-01-01 to 2023-12-31

BARRE CENTER FOR BUDDHIST STUDIES INC, founded in 1990, is a community nonprofit in the Religion sector that reported $2.4M in total revenue in fiscal year 2023. Revenue fell 23% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $369K, a strong 15% operating margin.

Mission

THE BARRE CENTER FOR BUDDHIST STUDIES, INC. (BCBS) OFFERS THE INTEGRATION OF STUDY AND PRACTICE IN EXPLORING THE MANY STREAMS OF TEACHING AND EXPRESSION THAT FLOW FROM THE SOURCES OF EARLY BUDDHISM. OUR ONSITE AND ONLINE PROGRAMS COMBINE CONTEMPLATIVE AND RELATIONAL ELEMENTS SUPPORTIVE OF PERSONAL TRANSFORMATION. AS AN INCLUSIVE COMMUNITY, WE WELCOME ALL INTERESTED IN BUDDHIST INQUIRY AS A WAY OF DEVELOPING WISDOM AND COMPASSION FOR THE BENEFITS OF ALL BEINGS.

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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 $840,455

Program Service Revenue $1,313,363

Investment Income $251,793

Other Revenue $10,536

TOTAL REVENUE $2,416,147

Expense Breakdown

Grants Paid $117,137

Salaries & Benefits $917,869

Fundraising Expenses $0

Program Expenses $1,378,434

Other Expenses $1,012,568

TOTAL EXPENSES $2,047,574

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,416,147	$3,152,155	-0.2%
Expenses	$2,047,574	$1,832,812	+0.1%
Net Income	$368,573	$1,319,343	-0.7%

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

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

$113,997

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEVIN F F QUIGLEY	TREASURER	1.00	Officer Director	$0	$0	$0
DAVID GREEN	CO-CHAIR	1.00	Officer Director	$0	$0	$0
ROSALYN DRISCOLL	CO-CHAIR	1.00	Officer Director	$0	$0	$0
CHRISTOPHER IVES	DIRECTOR	1.00	Director	$0	$0	$0
REBECCA HENDERSON	DIRECTOR	1.00	Director	$0	$0	$0
NOVELETTE DEMERCADO	DIRECTOR	1.00	Director	$0	$0	$0
CHERYL GILES	DIRECTOR UNTIL 02/23	1.00	Director	$0	$0	$0
JOSEPH GOLDSTEIN	EMERITUS DIRECTOR	1.00	Director	$0	$0	$0
ROBERT KOLODNY	DIRECTOR	1.00	Director	$0	$0	$0
JACQUELINE VISCHER	DIRECTOR	1.00	Director	$0	$0	$0
SUZANNA MCGILVREY	DIRECTOR	1.00	Director	$0	$0	$0
VIVIEN ROMAN-HAMPTON	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD HENNING	EXECUTIVE DIRECTOR / SECRETARY	40.00	Officer	$101,399	$12,598	$113,997

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	$2,416,147	$2,047,574	$7,117,604	$368,573
2022	$3,152,155	$1,832,812	$6,612,710	$1,319,343
2021	$1,727,816	$1,323,361	$5,739,679	$404,455
2021	$1,926,779	$1,574,697	$5,745,515	$352,082
2020	$1,343,177	$1,055,068	$5,165,460	$288,109
2020	$1,343,177	$1,055,068	$5,165,460	$288,109
2019	$1,452,338	$999,940	$4,569,723	$452,398
2018	$976,137	$946,817	$3,805,649	$29,320

BARRE CENTER FOR BUDDHIST STUDIES INC