BUDDHA BLESS TEMPLE INC

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2005

Legal Domicile

Principal Officer

TRUNG HUYNH

Tax Period

2023-01-01 to 2023-12-31

BUDDHA BLESS TEMPLE INC, founded in 2005, is a micro nonprofit in the Religion sector that reported $83K in total revenue in fiscal year 2023. The organization ran a surplus of $22K, a strong 26% operating margin.

Mission

BUDDHIST TEMPLE - CARRIES OUT ITS MISSION OF EDUCATING BUDDHIST PRINCIPLES AND PRACTICES NOT ONLY TO ITS MEMBERS BUT ALSO TO PUBLIC AT LARGE IN LOUISVILLE, KY AREA.

Program Service Accomplishments

Program 1

Expenses: $31,014

1. 52 WEEKLY PRAYERS FOR BUDDHIST MEMBERS AND PUBLIC AT THE MONASTERY2. 4 THREE-DAY QUARTERLYLY BUDDHIST FAITH STUDIES3. 3 BIG PUBLIC CELERATIONS OF BUDDHA BIRTHDAY (MEMORIAL DAY), PARENTS...

1. 52 WEEKLY PRAYERS FOR BUDDHIST MEMBERS AND PUBLIC AT THE MONASTERY2. 4 THREE-DAY QUARTERLYLY BUDDHIST FAITH STUDIES3. 3 BIG PUBLIC CELERATIONS OF BUDDHA BIRTHDAY (MEMORIAL DAY), PARENTS APPRICATION DAY (LABOR DAY), VIETNAMESE NEW YEAR (MID-FEBRUARY)4. PROVIDE FREE BLESSING CEREMONIES FOR BUDDHIST RESIDENT AND BUSINESS IN LOUISVILLE AREA WITH LION DANCE.5. 365 DAILY MEDITATIONS AND PRAYERS TO VOLUNTEERS AND CLERGY MEMBERS AT THE MONASTERY6. SPONSORED, SHELTERED, TRANSPORTATION, AND PROVIDED ALL NECESSITY LIVING EXPENSES FOR ONE BUDDHIST MONK TO CARRY OUT BUDDHIST MISSION AS STATED IN MONASTERY MISSION STATEMENT. ( ALL CLERGIES TAKE THE VOW OF POVERTY SO THERE IS NO SEPERATED ALLOCATION OF EXPENSES FOR CLERGIES BUT THERE IS 25% OF ALL SERVICE EXPENSES ARE FOR THIS PURPOSE.)

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $83,262

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $83,262

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $31,014

Other Expenses $61,726

TOTAL EXPENSES $61,726

Year-over-Year Comparison

	2023	2022	Change
Revenue	$83,262	N/A	N/A
Expenses	$61,726	N/A	N/A
Net Income	$21,536	N/A	N/A

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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
BINH TAY NGUYEN	VICE PRESIDENT	40.00	Officer Director	$0	$0	$0
TRUNG HUYNH	PRESIDENT	20.00	Officer Director	$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
2023	$83,262	$61,726	$1,262,099	$21,536
2022	$62,535	$32,628	$1,264,522	$29,907
2021	$106,077	$34,295	$1,331,311	$71,782
2020	$43,519	$44,398	$1,376,408	$-879
2019	$951,662	$394,587	$1,415,915	$557,075
2018	$155,420	$18,175	$858,840	$137,245
2017	$329,860	$22,424	$721,595	$307,436