PHUOC HAI BUDDHIST TEMPLE

EIN: 562634986 501(c)(3) Religion

CHARLOTTE, NC

Total Revenue
$197,154
Total Expenses
$86,839
Total Assets
$1,054,093
Net Assets
$1,004,541
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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
2007
Legal Domicile
NC
Principal Officer
KIM CHI HOANG
Phone
7043946869
Tax Period
2023-01-01 to 2023-12-31

PHUOC HAI BUDDHIST TEMPLE, founded in 2007, is a small nonprofit in the Religion sector that reported $197K in total revenue in fiscal year 2023. Revenue surged 87% from the prior year, signaling strong growth momentum. The organization ran a surplus of $110K, a strong 56% operating margin.

Mission

RELIGIOUS ORGANIZATION TO PROPAGATE BUDDHISM

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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 (2023)

Revenue Breakdown

Contributions & Grants $196,999
Program Service Revenue $0
Investment Income $155
Other Revenue $0
TOTAL REVENUE $197,154

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $0
Other Expenses $86,839
TOTAL EXPENSES $86,839

Year-over-Year Comparison

2023 2022 Change
Revenue $197,154 $105,254 +0.9%
Expenses $86,839 $111,277 -0.2%
Net Income $110,315 $-6,023 -19.3%
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
2
Independent Members
2
Employees
N/A
Volunteers
10

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
1
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KIM CHI THI HOANG PRESIDENT/ABBOT 50.00
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
2025 No data No data No data No data
2024 No data No data No data No data
2023 $197,154 $86,839 $1,054,093 $110,315
2022 $105,254 $111,277 $977,472 $-6,023
2021 $314,584 $114,260 $987,281 $200,324
2020 $210,751 $82,661 $828,417 $128,090
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