NY TIBETAN SERVICE CENTER INC

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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

2013

Principal Officer

TSERING DIKI

Phone

7182788700

Tax Period

2024-01-01 to 2024-12-31

NY TIBETAN SERVICE CENTER INC, founded in 2013, is a small nonprofit in the International Affairs sector that reported $280K in total revenue in fiscal year 2024. Revenue decreased 11% compared to the prior year.

Mission

NYTSCS MISSION IS TO PRESERVE AND PROMOTE TIBETAN/HIMALAYAN CULTURE AND TO PROVIDE SERVICES REQUIRED FOR A SUCCESSFUL TRANSITION TO AMERICA. WE ARE HERE TO PROMOTE THE WELL-BEING AND SUCCESS OF TIBETAN/HIMALAYAN COMMUNITIES IN THE NEW YORK CITY AREA, COMMUNITIES THAT SUFFER FROM LACK OF ACCESS TO LANGUAGE AND CULTURALLY-APPROPRIATE SERVICES. OUR ORGANIZATION WILL OFFER EDUCATION, AND EMPOWERMENT ACTIVITIES THAT RESPECT CULTURES AND PROMOTE INTEGRATION. VARIOUS PROGRAMS WILL BE OFFERED EDUCATIONAL PROGRAMS TAILORED SPECIFICALLY TO CHILDREN AND PARENTS, CHILDCARE TRAINING AND PARENTING WORKSHOPS, ESL CLASSES, CULTURAL ACTIVITIES, AFTER-SCHOOL HOMEWORK HELP FOR CHILDREN, ACADEMIC ADVISEMENT, YOUTH-FOCUSED ACTIVITIES, JOB TRAINING, AND US CITIZENSHIP PREPARATION. THROUGH OUR WORK AND MISSION, IT IS OUR HOPE TO GUIDE EVERY SINGLE CLIENT TO A SUCCESSFUL LIFE IN AMERICA.

Program Service Accomplishments

Program 1

Expenses: $121,963

TIBETAN CULTURAL PROGRAM: WE OFFER A COMPREHENSIVE TIBETAN CULTURE AND LANGUAGE SCHOOL FOR TIBETAN YOUTH SUCH AS PROVIDING TIBETAN LANGUAGE, CULTURE, HISTORY, ARTS AND DANCE CLASSES. THE PURPOSE OF THIS PROGRAM IS TO TEACH THE HIMALAYAN YOUTH ABOUT THEIR CULTURE AS IT WILL HELP THEM LEARN WHO THEY ARE AND THE CULTURE THEY CAME FROM. MEMBERS OF THE LOCAL TIBETAN COMMUNITY ARE RECRUITED TO PARTICIPATE AS TEACHERS OR VOLUNTEERS IN ORDER TO FOSTER A STRONGER SENSE OF IMPORTANCE IN PRESERVING THE TIBETAN CULTURE TOGETHER AS ONE COMMUNITY.

Program 2

Expenses: $33,732

IMMIGRANT SOCIAL SERVICES: PROVIDED IN-PERSON AND REMOTE SERVICES DURING CRITICAL COVID-19 TO HELP IMMIGRANT COMMUNITY TO ACCESS FEDERAL, STATE, AND CITY FUNDINGS/ RESOURCES SUCH AS UI BENEFIT, SBA...

Program 3

Expenses: $121,575

DYCD AFTERSCHOOL PROGRAMS: DYCD FUNDED SCHOOL-BASED COMPASS AND SONYC PROGRAMS FOR IN-PERSON CHILDCARE AND ENRICHMENT SUPPORT IN THE AFTERSCHOOL HOURS FOR 29 YOUTH (K-8)WHO ATTENDED IN-PERSON SCHOOL THAT DAY AND CENTER-BASED PROGRAMS INCLUDING FOR YOUTH WHO ATTEND IN-PERSON OR HAD REMOTE INSTRUCTION FOR THE DAY AND HOMEWORK ASSISTANT.

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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 (2024)

Revenue Breakdown

Contributions & Grants $280,215

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $280,215

Expense Breakdown

Grants Paid $0

Salaries & Benefits $141,984

Fundraising Expenses $0

Program Expenses $277,270

Other Expenses $154,143

TOTAL EXPENSES $296,127

Year-over-Year Comparison

	2024	2023	Change
Revenue	$280,215	$314,594	-0.1%
Expenses	$296,127	$313,574	-0.1%
Net Income	$-15,912	$1,020	-16.6%

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

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

$7,200

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TSERING DIKI	EXECUTIVE OF	40.00	Officer	$7,200	$0	$7,200
DAWA BHUTI	BOARD MEMBER	N/A	Director	$0	$0	$0
KELLY ISHAM	CHAIRMAN	N/A	Director	$0	$0	$0
TSERING NAMGYAL	TREASURER	N/A	Director	$0	$0	$0
TENZIN NORGAY	BOARD MEMBER	N/A	Director	$0	$0	$0
TENZIN WANGYAL	ATTORNEY	N/A	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	$280,215	$296,127	$20,976	$-15,912
2023	$314,594	$313,574	$37,582	$1,020
2022	$363,531	$363,174	$39,366	$357
2021	$506,754	$513,257	$50,217	$-6,503
2019	$388,149	$385,004	$13,514	$3,145
2018	$426,330	$436,147	$14,573	$-9,817