GONDESAN GREAT MERCIFUL WATER (USA) ASSOCIATION LTD (EIN 464406388) - 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

2013

Legal Domicile

Principal Officer

SIU YIN LEE

Phone

7188880266

Tax Period

2024-01-01 to 2024-12-31

GONDESAN GREAT MERCIFUL WATER (USA) ASSOCIATION LTD, founded in 2013, is a community nonprofit in the Religion sector that reported $2.6M in total revenue in fiscal year 2024. Revenue surged 131% from the prior year, signaling strong growth momentum. Expenses of $2.4M left a modest 8% surplus.

Mission

The mission of Gondesan is to worship and promote Buddhism, purify the human soul, and pray to achieve social harmony by publishing and distributing Buddhist booklets and videos, as well as conducting religious events.

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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 $1,105,099

Program Service Revenue $0

Investment Income $39,657

Other Revenue $1,449,133

TOTAL REVENUE $2,593,889

Expense Breakdown

Grants Paid $0

Salaries & Benefits $88,274

Fundraising Expenses $0

Program Expenses $1,474,887

Other Expenses $2,297,330

TOTAL EXPENSES $2,385,604

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,593,889	$1,120,481	+1.3%
Expenses	$2,385,604	$285,413	+7.4%
Net Income	$208,285	$835,068	-0.8%

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

$72,996

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Tien Feng Chiang	Buddhist Leader	040.00	Officer	$45,000	$0	$45,000
Hsuan Chih Liu	Buddhist Leader	040.00	Officer	$27,996	$0	$27,996

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	$2,593,889	$2,385,604	$1,157,965	$208,285
2023	$1,120,481	$285,413	$1,775,189	$835,068
2022	$2,959,210	$2,225,605	$940,121	$733,605
2021	$246,227	$248,961	$206,516	$-2,734
2020	$374,821	$254,421	$209,250	$120,400

GONDESAN GREAT MERCIFUL WATER (USA) ASSOCIATION LTD