WA NAM BUDDHIST ASSOCIATION

EIN: 263597067 501(c)(3) Religion

ALHAMBRA, CA

Total Revenue
$127,336
Total Expenses
$82,623
Total Assets
$1,077,457
Net Assets
$273,287
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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
CA
Principal Officer
MINGTSUNG SIK
Phone
6262029119
Tax Period
2024-01-01 to 2024-12-31

WA NAM BUDDHIST ASSOCIATION, founded in 2008, is a small nonprofit in the Religion sector that reported $127K in total revenue in fiscal year 2024. Revenue surged 76% from the prior year, signaling strong growth momentum. The organization ran a surplus of $45K, a strong 35% operating margin.

Mission

PROMOTE RELIGIOUS ACTIVITIES

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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 $127,328
Program Service Revenue $0
Investment Income $8
Other Revenue $0
TOTAL REVENUE $127,336

Expense Breakdown

Grants Paid $0
Salaries & Benefits $25,836
Fundraising Expenses $0
Program Expenses $0
Other Expenses $56,787
TOTAL EXPENSES $82,623

Year-over-Year Comparison

2024 2023 Change
Revenue $127,336 $72,178 +0.8%
Expenses $82,623 $65,219 +0.3%
Net Income $44,713 $6,959 +5.4%
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

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Governance

Voting Members
1
Independent Members
N/A
Employees
3
Volunteers
8

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
2
$16,800
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MINGTSUNG SIK CEO 40.00
Officer
$8,400 $0 $8,400
SOON F MAH SECRETARY 40.00
Officer
$8,400 $0 $8,400
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 $127,336 $82,623 $1,077,457 $44,713
2023 $72,178 $65,219 $1,034,528 $6,959
2019 $309,743 $50,514 $445,252 $259,229
2018 $106,771 $48,725 $184,734 $58,046
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