WON BUDDHISM OF AMERICA INC

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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

1976

Legal Domicile

Principal Officer

GRACE YANG

Phone

2133811261

Tax Period

2023-01-01 to 2023-12-31

WON BUDDHISM OF AMERICA INC, founded in 1976, is a small nonprofit that reported $181K in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $293K exceeded revenue, resulting in a 62% operating deficit.

Mission

PROMOTION OF WON BUDDHISM

Program Service Accomplishments

Program 1

HELD WEEKLY WORSHIP SERVICES AND TAUGHT WON BUDDHISM PRINCIPLES TO GENERAL PUBLIC AND BELIEVERS. VISITED NEIGHBORS IN LOCAL COMMUNITY TO HELP AND SUPPORT. HELD ACTIVITIES AND EVENTS TARGETED...

HELD WEEKLY WORSHIP SERVICES AND TAUGHT WON BUDDHISM PRINCIPLES TO GENERAL PUBLIC AND BELIEVERS. VISITED NEIGHBORS IN LOCAL COMMUNITY TO HELP AND SUPPORT. HELD ACTIVITIES AND EVENTS TARGETED DIFFERENT AGE GROUPS IN TEMPLE AS WELL AS LOCAL COMMUNITIES.

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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 $181,050

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $181,050

Expense Breakdown

Grants Paid $0

Salaries & Benefits $18,000

Fundraising Expenses $0

Other Expenses $275,177

TOTAL EXPENSES $293,177

Year-over-Year Comparison

	2023	2022	Change
Revenue	$181,050	$164,758	+0.1%
Expenses	$293,177	$195,384	+0.5%
Net Income	$-112,127	$-30,626	+2.7%

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

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

$18,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DONGGUN HWANG	SECRETARY	040.00	Officer	$12,000	$0	$12,000
HEEJUNG YUN	CFO	040.00	Officer	$6,000	$0	$6,000
GRACE YANG	CEO	040.00	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	$181,050	$293,177	$1,050,874	$-112,127
2022	$164,758	$195,384	$1,070,793	$-30,626
2021	$139,046	$140,439	$1,101,420	$-1,393
2020	$212,317	$159,977	$1,125,141	$52,340
2019	$155,298	$177,993	$1,096,666	$-22,695
2018	$212,522	$246,617	$1,133,476	$-34,095