NORTH CAROLINA BUDDHIST ASSOCIATION (EIN 561558663) - 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

1994

Legal Domicile

Principal Officer

TUAN NGO

Phone

9192664230

Tax Period

2023-01-01 to 2023-12-31

NORTH CAROLINA BUDDHIST ASSOCIATION, founded in 1994, is a small nonprofit that reported $212K in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $186K left a modest 12% surplus.

Mission

TO CONDUCT RELIGIOUS SERVICES FOR MEMBERS, TAKE CARE OF THE FACILITY AND TAKE CARE OF OF PRIESTS SINCE PRIESTS RECEIVE NO SALARY

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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 (2023)

Revenue Breakdown

Contributions & Grants $168,392

Program Service Revenue $0

Investment Income $11,466

Other Revenue $32,471

TOTAL REVENUE $212,329

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $108,177

Other Expenses $186,379

TOTAL EXPENSES $186,379

Year-over-Year Comparison

	2023	2022	Change
Revenue	$212,329	$193,654	+0.1%
Expenses	$186,379	$179,247	+0.0%
Net Income	$25,950	$14,407	+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

N/A

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
VAN NHU PHAM	VICE PRESIDENT	30.00	Officer	$0	$0	$0
DU DINH LE	SECRETARY	15.00	Officer	$0	$0	$0
TUAN DINH NGO	TREASURER	20.00	Officer	$0	$0	$0
KHUE PHAM	PRESIDENT	40.00	Officer	$0	$0	$0
BINH HOA DUONG	DIRECTOR OF INTERNAL AFFAIRS	25.00	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	No data	No data	No data	No data
2023	$212,329	$186,379	$2,095,908	$25,950
2022	$193,654	$179,247	$2,062,935	$14,407
2021	$213,804	$146,915	$2,050,764	$66,889
2020	$138,725	$103,867	$2,206,728	$34,858
2019	$177,673	$145,594	$1,864,220	$32,079

NORTH CAROLINA BUDDHIST ASSOCIATION