Seattle Meditation Center

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2003

Legal Domicile

Phone

2065221514

Tax Period

2022-01-01 to 2022-12-31

Seattle Meditation Center, founded in 2003, is a small nonprofit in the Religion sector that reported $818K in total revenue in fiscal year 2022. Revenue decreased 8% compared to the prior year. Expenses of $746K left a modest 9% surplus.

Mission

TO EDUCATE THE GENERAL PUBLIC ABOUT MEDITATION AND BUDDHISM AND PROVIDES WORSHIP PLACE FOR FOLLOWERS TO GATHER TO PRACTICE AND TRAIN FOR EUAL PURE SELF.

Program Service Accomplishments

Program 1

Expenses: $517,220

To educate the general public about meditation and Buddhism and to provide a worship place for followers to gather to practice and train for eventual pure self.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $813,979

Program Service Revenue $0

Investment Income $4,158

Other Revenue $0

TOTAL REVENUE $818,137

Expense Breakdown

Grants Paid $80,195

Salaries & Benefits $357,892

Fundraising Expenses $0

Program Expenses $517,220

Other Expenses $307,846

TOTAL EXPENSES $745,933

Year-over-Year Comparison

	2022	2021	Change
Revenue	$818,137	$886,146	-0.1%
Expenses	$745,933	$1,142,856	-0.3%
Net Income	$72,204	$-256,710	-1.3%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

N/A

Employees

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DARANIRATANA LOVICHAKORNTIKUL	Treasurer	2.00	Officer	$0	$0	$0
POLWAT NAKALAX	Director	2.00	Officer	$0	$0	$0
PHRA WAIROT TREENET	President	2.00	Officer	$0	$0	$0
PHARAMAHA WIRAT SAEHENG	Secretary	2.00	Officer	$0	$0	$0
PHRAMAHA SOMBOON JONGPATRA	Vice President	2.00	Officer	$0	$0	$0
APSORNSUDA KIATSILP	Officer	2.00	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
2023	No data	No data	No data	No data
2022	$818,137	$745,933	$2,472,462	$72,204
2021	$886,146	$1,142,856	$2,480,569	$-256,710
2020	$596,833	$496,125	$2,881,609	$100,708