DHARMA DRUM MOUNTAIN BUDDHIST ASSOCIATION

EIN: 542085906 501(c)(3) Religion

WHEELING, IL

Total Revenue
$24,206
Total Expenses
$153,918
Total Assets
$1,964,693
Net Assets
$1,942,355
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2003
Legal Domicile
IL
Principal Officer
ALAN MYERS
Phone
8472913683
Tax Period
2024-01-01 to 2024-12-31

DHARMA DRUM MOUNTAIN BUDDHIST ASSOCIATION, founded in 2003, is a micro nonprofit in the Religion sector that reported $24K in total revenue in fiscal year 2024. Revenue fell 20% from the prior year — a significant decline worth monitoring. Expenses of $154K exceeded revenue, resulting in a 536% operating deficit.

Mission

THE ORGANIZATION COMMITTED TO SERVING HUMANITY BY WORKING TO RELIEVE HUMAN SUFFERING - PHYSICAL, EMOTIONAL AND SPIRITUAL.

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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 $24,206
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $24,206

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $25,661
Other Expenses $153,918
TOTAL EXPENSES $153,918

Year-over-Year Comparison

2024 2023 Change
Revenue $24,206 $30,359 -0.2%
Expenses $153,918 $76,691 +1.0%
Net Income $-129,712 $-46,332 +1.8%
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

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Governance

Voting Members
5
Independent Members
10
Employees
N/A
Volunteers
20

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
5
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ALAN MYERS PRESIDENT 15.00
Officer
$0 $0 $0
WINSTON DRUN V.P. 15.00
Officer
$0 $0 $0
MICHAEL SCHNABEL V.P. 15.00
Officer
$0 $0 $0
TSUI YEN WANG DIRECTOR 15.00
Officer
$0 $0 $0
TERESA TSAI TREASURER 15.00
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
2024 $24,206 $153,918 $1,964,693 $-129,712
2023 $30,359 $76,691 $2,101,730 $-46,332
2021 $115,911 $39,772 $1,795,187 $76,139
2020 $876,249 $88,825 $1,725,559 $787,424
2019 $52,964 $55,737 $930,935 $-2,773
2018 $564,999 $33,187 $1,039,075 $531,812
2018 $564,999 $33,187 $1,060,638 $531,812
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