GOLDEN LOTUS INC

EIN: 237044554 501(c)(3)

VANDERBILT, MI

Total Revenue
$941,330
Total Expenses
$569,911
Total Assets
$3,177,488
Net Assets
$3,165,537
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1969
Legal Domicile
MI
Phone
9899834107
Tax Period
2024-01-01 to 2024-12-31

GOLDEN LOTUS INC, founded in 1969, is a small nonprofit that reported $941K in total revenue in fiscal year 2024. Revenue surged 60% from the prior year, signaling strong growth momentum. The organization ran a surplus of $371K, a strong 39% operating margin.

Mission

FOUNDED IN THE TEACHINGS OF PARAMAHANSA YOGANANDA, WE TEACH THE SCIENCE OF YOGA AND ITS PRACTICAL APPLICATIONS SO THAT ALL CAN ACHIEVE THE HIGHEST LEVELS OF PHYSICAL, MENTAL, EMOTIONAL AND SPIRITUAL WELL-BEING AS THEY PROGRESS ON THEIR PATH TOWARD SELF-REALIZATION

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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 $567,149
Program Service Revenue $238,588
Investment Income $134,981
Other Revenue $612
TOTAL REVENUE $941,330

Expense Breakdown

Grants Paid $0
Salaries & Benefits $174,414
Fundraising Expenses $2,025
Program Expenses $552,921
Other Expenses $395,497
TOTAL EXPENSES $569,911

Year-over-Year Comparison

2024 2023 Change
Revenue $941,330 $589,960 +0.6%
Expenses $569,911 $573,440 0.0%
Net Income $371,419 $16,520 +21.5%
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
11
Volunteers
35

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
4
$0
Total Directors
6
$0
Key Employees
1
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CAROL ARMOUR DIRECTOR 30.00
Director
$0 $0 $0
MICHAEL KRUMPELT DIRECTOR 8.00
Director
$0 $0 $0
DOROTHY STINGLEY DIRECTOR 12.00
Director
$0 $0 $0
LINDA GABBY CHAIRPERSON 30.00
Officer Director
$0 $0 $0
IAN WYLIE SECRETARY 10.00
Officer Director
$0 $0 $0
MICHAEL WANGER TREASURER 30.00
Officer Director
$0 $0 $0
JOSHUA CLARK VICE CHAIR 12.00
Officer
$0 $0 $0
JUSTINE MARKEY RETREAT MANAGER 40.00
Key Emp
$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
2025 No data No data No data No data
2024 $941,330 $569,911 $3,177,488 $371,419
2023 $589,960 $573,440 $2,836,895 $16,520
2022 $933,755 $520,695 $2,890,675 $413,060
2021 $906,628 $403,255 $2,511,245 $503,373
2020 $679,390 $310,608 $2,124,817 $368,782
2019 $647,475 $447,698 $1,535,209 $199,777
2018 $573,820 $399,380 $1,353,457 $174,440
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