Yongey Foundation (EIN 371464193) - 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

Glenna Olmsted

Phone

9708463375

Tax Period

2023-01-01 to 2023-12-31

Yongey Foundation, founded in 2008, is a small nonprofit in the Religion sector that reported $437K in total revenue in fiscal year 2023. Expenses of $498K exceeded revenue, resulting in a 14% operating deficit.

Mission

Promoting, aiding and developing the activities of Buddhist religious, educational, and cultural institutions, including meditation centers,centers for religious study, and monasteries and abbeys in North America, Asia and throughout the world.

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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 $143,169

Program Service Revenue $200,000

Investment Income $80,319

Other Revenue $13,729

TOTAL REVENUE $437,217

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $356,733

Other Expenses $498,295

TOTAL EXPENSES $498,295

Year-over-Year Comparison

	2023	2022	Change
Revenue	$437,217	$428,135	+0.0%
Expenses	$498,295	$407,401	+0.2%
Net Income	$-61,078	$20,734	-3.9%

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

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
Tim Olmsted	Officer	5.00	Officer	$0	$0	$0
Glenna Olmsted	Director	20.00	Officer	$0	$0	$0
Josh Baran	Officer	0.00	Officer	$0	$0	$0
Edwin Kelley	Officer	0.00	Officer	$0	$0	$0
Sandra Fernandez	Officer	0.00	Officer	$0	$0	$0
Cathryn Mayer	Officer	0.00	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	$437,217	$498,295	$1,684,327	$-61,078
2022	$428,135	$407,401	$1,579,027	$20,734
2021	$591,827	$67,969	$1,558,293	$523,858
2020	$631,819	$30,864	$1,112,242	$600,955
2019	$316,571	$665,914	$565,101	$-349,343
2019	$555,991	$1,036,955	$565,101	$-480,964
2018	$985,107	$274,984	$914,444	$710,123
2017	$678,438	$760,384	$204,321	$-81,946

Yongey Foundation