Tung Lam Buddhist Temple Inc

EIN: 461113181 501(c)(3) Religion

Wilmington, NC

Total Revenue
$148,088
Total Expenses
$12,566
Total Assets
$550,874
Net Assets
$346,770
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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
2012
Legal Domicile
NC
Principal Officer
Hiap T Nguyen
Phone
9102623814
Tax Period
2024-01-01 to 2024-12-31

Tung Lam Buddhist Temple Inc, founded in 2012, is a small nonprofit in the Religion sector that reported $148K in total revenue in fiscal year 2024. Revenue surged 286% from the prior year, signaling strong growth momentum. The organization ran a surplus of $136K, a strong 92% operating margin.

Mission

TO PROMOTE BUDDHAS TEACHINGS

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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 $80,771
Program Service Revenue $0
Investment Income $53,061
Other Revenue $14,256
TOTAL REVENUE $148,088

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $0
Other Expenses $12,566
TOTAL EXPENSES $12,566

Year-over-Year Comparison

2024 2023 Change
Revenue $148,088 $38,345 +2.9%
Expenses $12,566 $39,073 -0.7%
Net Income $135,522 $-728 -187.2%
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
3
Independent Members
3
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
0
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
HIEP T NGUYEN PRESIDENT 40.00
Director
$0 $0 $0
NHUNG THI MY TRUONG TREASURER 40.00
Director
$0 $0 $0
TAM T NGUYEN SECRETARY 40.00
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
2024 $148,088 $12,566 $550,874 $135,522
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