TRUC LAM MEDITATION CENTER INC (EIN 680512229) - 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

2004

Legal Domicile

Principal Officer

CARLTON CHIN

Phone

2815688388

Tax Period

2024-09-01 to 2025-08-31

TRUC LAM MEDITATION CENTER INC, founded in 2004, is a small nonprofit in the Religion sector that reported $314K in total revenue in fiscal year 2024. Revenue surged 28% from the prior year, signaling strong growth momentum. The organization ran a surplus of $192K, a strong 61% operating margin.

Mission

PROVIDE RELIGIOUS AND SPIRITUAL SERVICES TO OVER 8,000 MEMBERS, PROVIDE SPIRITUAL GUIDANCE AND ADVICES TO MEMBERS DURING DIFFICULT TIME PERIOD OF LIFE, PROVIDE HARDSHIP RELEASES

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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 (2024)

Revenue Breakdown

Contributions & Grants $314,071

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $314,071

Expense Breakdown

Grants Paid $0

Salaries & Benefits $11,000

Fundraising Expenses $0

Other Expenses $111,232

TOTAL EXPENSES $122,232

Year-over-Year Comparison

	2024	2023	Change
Revenue	$314,071	$245,810	+0.3%
Expenses	$122,232	$123,915	0.0%
Net Income	$191,839	$121,895	+0.6%

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
CARLTON CHIN	PRESIDENT	20.00	Officer Director	$0	$0	$0
WHITNEY ECHOLS	SECRETARY	5.00	Officer Director	$0	$0	$0
DAVID YEI-WAI NEI	SECRETARY	1.00	Officer 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
2025	$314,071	$122,232	$1,915,518	$191,839
2024	$245,810	$123,915	$1,763,461	$121,895
2023	$205,361	$115,018	$1,735,333	$90,343

TRUC LAM MEDITATION CENTER INC