VIETNAMESE BUDDHIST ASSOCIATION AT CHAMPAIGN-THIEN TUONG TEMPLE CORP

EIN: 474954568 501(c)(3) Religion

Burbank, IL

Total Revenue
$423,118
Total Expenses
$506,406
Total Assets
$1,882,800
Net Assets
$1,785,133
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2015
Legal Domicile
IL
Principal Officer
MINH-QUANG SAKYA
Phone
5037561231
Tax Period
2024-01-01 to 2024-12-31

VIETNAMESE BUDDHIST ASSOCIATION AT CHAMPAIGN-THIEN TUONG TEMPLE CORP, founded in 2015, is a small nonprofit in the Religion sector that reported $423K in total revenue in fiscal year 2024. Revenue fell 68% from the prior year — a significant decline worth monitoring. Expenses of $506K exceeded revenue, resulting in a 20% operating deficit.

Mission

A Buddist Temple organized to serve the peoples religeous and educational needs and to carry out varoius charitable activities.

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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 $423,118
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $423,118

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $2,610
Program Expenses $49,399
Other Expenses $486,191
TOTAL EXPENSES $506,406

Year-over-Year Comparison

2024 2023 Change
Revenue $423,118 $1,316,739 -0.7%
Expenses $506,406 $1,825,473 -0.7%
Net Income $-83,288 $-508,734 -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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Governance

Voting Members
6
Independent Members
6
Employees
N/A
Volunteers
45

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
3
$0
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MINH-QUANG SAKYA PRESIDENT 020.00
Officer Director
$0 $0 $0
HONG TUYET LAM SECRETARY 005.00
Officer Director
$0 $0 $0
SABRINA LE TREASURER 005.00
Officer Director
$0 $0 $0
CHIT KHIN DIRECTOR 005.00
Director
$0 $0 $0
ANH THI PHAM DIRECTOR 005.00
Director
$0 $0 $0
QUY NGOC LAM DIRECTOR 005.00
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 $423,118 $506,406 $1,882,800 $-83,288
2023 $1,316,739 $1,825,473 $1,524,422 $-508,734
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