Southern Dharma Retreat Center

EIN: 561695711 501(c)(3) Religion

Hot Springs, NC

Total Revenue
$834,494
Total Expenses
$747,911
Total Assets
$1,768,029
Net Assets
$1,656,770
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1989
Legal Domicile
NC
Principal Officer
Diane LoFaro
Phone
8286227112
Tax Period
2024-01-01 to 2024-12-31

Southern Dharma Retreat Center, founded in 1989, is a small nonprofit in the Religion sector that reported $834K in total revenue in fiscal year 2024. Expenses of $748K left a modest 10% surplus.

Mission

The mission of Southern Dharma Retreat Center (SDRC) is to provide mediation retreats, provided dharma instruction, and support communites grounded in Buddhist practice traditions.

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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 $487,423
Program Service Revenue $328,848
Investment Income $13,889
Other Revenue $4,334
TOTAL REVENUE $834,494

Expense Breakdown

Grants Paid $145,087
Salaries & Benefits $247,038
Fundraising Expenses $16,020
Program Expenses $646,352
Other Expenses $355,786
TOTAL EXPENSES $747,911

Year-over-Year Comparison

2024 2023 Change
Revenue $834,494 $788,504 +0.1%
Expenses $747,911 $621,086 +0.2%
Net Income $86,583 $167,418 -0.5%
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
12
Independent Members
12
Employees
12
Volunteers
18

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
$75,138
Total Directors
13
$75,138
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Sonia Marcus Executive Director 40.00
Officer Director
$66,167 $8,971 $75,138
Nancy Wright Chair 10.00
Officer Director
$0 $0 $0
Diane LoFaro Incoming Treasurer 5.00
Officer Director
$0 $0 $0
Dana Pulley Secretary 2.00
Officer Director
$0 $0 $0
Carolyn Graham Board Member 5.00
Director
$0 $0 $0
Curtis Jordan Board Member 2.00
Director
$0 $0 $0
Tom Newby Board Member 2.00
Director
$0 $0 $0
Brian Silva Departing Treasurer 5.00
Officer Director
$0 $0 $0
Stephanie Swann Board Member 2.00
Director
$0 $0 $0
Ibada Wadud Board Member 2.00
Director
$0 $0 $0
Cathy Cole Board Member 2.00
Director
$0 $0 $0
Alan Young Board Member 2.00
Director
$0 $0 $0
Jonathan King Board Member 2.00
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 $834,494 $747,911 $1,768,029 $86,583
2023 $788,504 $621,086 $1,635,363 $167,418
2022 $625,383 $519,164 $1,415,173 $106,219
2021 $438,249 $398,857 $1,396,796 $39,392
2020 $381,811 $372,155 $1,325,984 $9,656
2019 $463,047 $411,456 $1,280,295 $51,591
2018 $448,302 $358,246 $1,029,356 $90,056
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