PALPUNG FOUNDATION (EIN 261788601) - 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

2008

Legal Domicile

Principal Officer

FRANNY WANG

Phone

6503877093

Tax Period

2024-01-01 to 2024-12-31

PALPUNG FOUNDATION, founded in 2008, is a small nonprofit in the Religion sector that reported $537K in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. The organization ran a surplus of $524K, a strong 98% operating margin.

Mission

THE FOUNDATION IS SET UP AS A TYPE I SUPPORTING ORGANIZATION EXCLUSIVELY FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF, OR TO CARRY OUT THE PURPOSES OF BUDDHIST TEMPLE - PALPUNG LUNGTOK CHOELING, WHICH IS A TAX-EXEMPT RELIGIOUS CHARITY IN THE USA.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $536,972

Other Revenue $0

TOTAL REVENUE $536,972

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $12,789

TOTAL EXPENSES $12,789

Year-over-Year Comparison

	2024	2023	Change
Revenue	$536,972	$483,207	+0.1%
Expenses	$12,789	$261,705	-1.0%
Net Income	$524,183	$221,502	+1.4%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STANLEY WANG	DIRECTOR	1.00	Director	$0	$0	$0
HE TAI SITU RINPOCHE	CEO	5.00	Officer	$0	$0	$0
FRANNY WANG	CFO & SECRETARY	20.00	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
2025	No data	No data	No data	No data
2024	$536,972	$12,789	$9,493,706	$524,183
2023	$483,207	$261,705	$8,969,524	$221,502
2022	$333,993	$60,076	$8,748,022	$273,917
2021	$388,537	$83,671	$8,474,105	$304,866
2020	$385,890	$3,759,635	$8,169,239	$-3,373,745
2019	$599,224	$10,225	$11,542,984	$588,999
2018	$654,952	$153,906	$10,953,985	$501,046

PALPUNG FOUNDATION