Meditation Center of Texas (EIN 743121364) - 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

2001

Legal Domicile

Principal Officer

Phravichak Suddhivaro

Phone

8172757700

Tax Period

2024-01-01 to 2024-12-31

Meditation Center of Texas, founded in 2001, is a small nonprofit in the Religion sector that reported $383K in total revenue in fiscal year 2024. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $369K left a modest 4% surplus.

Mission

WORSHIPPING AND PRAISING BUDDHA COUNSELING AND INTANGIBLE SPIRITUAL BENEFITS MEDITATION FOR WORLD PEACE AND COMMUNITY SERVICES

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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 $381,022

Program Service Revenue $2,387

Investment Income $0

Other Revenue $0

TOTAL REVENUE $383,409

Expense Breakdown

Grants Paid $0

Salaries & Benefits $161,430

Fundraising Expenses $0

Program Expenses $306,407

Other Expenses $207,532

TOTAL EXPENSES $368,962

Year-over-Year Comparison

	2024	2023	Change
Revenue	$383,409	$324,761	+0.2%
Expenses	$368,962	$363,684	+0.0%
Net Income	$14,447	$-38,923	-1.4%

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

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

$31,200

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Pritsadang Woralert	Secretary	40.00	Director	$15,600	$0	$15,600
Phrapratchaya Sotthiyothin	Vice President	5.00	Director	$0	$0	$0
Phra Sittiphan Khaemnoi	Director	40.00	Director	$15,600	$0	$15,600
Apsornsuda Kiatsilp	Director/Treasurer	3.00	Director	$0	$0	$0
Daraniratana Lovichakorntikul	Director	5.00	Director	$0	$0	$0
Phra Wairot Treenet	President	5.00	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	$383,409	$368,962	$1,037,262	$14,447
2023	$324,761	$363,684	$1,034,538	$-38,923
2022	$336,240	$353,785	$1,088,937	$-17,545
2021	$754,763	$382,330	$1,139,202	$372,433
2020	$349,132	$281,861	$1,598,969	$67,271
2019	$311,102	$392,844	$1,129,075	$-81,742
2018	$340,278	$335,175	$1,252,055	$5,103

Meditation Center of Texas