CONGREGATION OF VIETNAMESE BUDDHISTS CHICAGO Quang Minh Temple

EIN: 363860533 501(c)(3)

Chicago, IL

Total Revenue
$224,416
Total Expenses
$225,332
Total Assets
$714,701
Net Assets
$600,374
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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
1992
Legal Domicile
IL
Principal Officer
Minh Hanh Thich
Phone
7732756859
Tax Period
2025-01-01 to 2025-12-31

CONGREGATION OF VIETNAMESE BUDDHISTS CHICAGO Quang Minh Temple, founded in 1992, is a small nonprofit that reported $224K in total revenue in fiscal year 2025. Revenue fell 28% from the prior year — a significant decline worth monitoring. Net assets of $600K represent 32 months of operating reserves.

Mission

Religious Order Of Buddhist

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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 (2025)

Revenue Breakdown

Contributions & Grants $224,416
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $224,416

Expense Breakdown

Grants Paid $49,938
Salaries & Benefits $0
Fundraising Expenses $2,360
Other Expenses $175,394
TOTAL EXPENSES $225,332

Year-over-Year Comparison

2025 2024 Change
Revenue $224,416 $313,231 -0.3%
Expenses $225,332 $240,863 -0.1%
Net Income $-916 $72,368 -1.0%
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
N/A
Independent Members
N/A
Employees
N/A
Volunteers
2

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
$0
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
REV MINH HANH THICH PRESIDENT 0.0
Officer Director
$0 $0 $0
HA THU HGUYEN TREASURER 0.0
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
2025 $224,416 $225,332 $714,701 $-916
2024 $313,231 $240,863 $742,538 $72,368
2023 $263,553 $231,722 $506,365 $31,831
2022 $369,487 $395,816 $1,059,522 $-26,329
2021 $241,882 $201,622 $1,198,576 $40,260
2020 $225,503 $196,545 $1,236,045 $28,958
2019 $227,349 $131,653 $1,299,841 $95,696
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