Buddhist Meditation Center

EIN: 800418292 501(c)(3) Religion

Sterling Heights, MI

Total Revenue
$374,363
Total Expenses
$143,928
Total Assets
$267,779
Net Assets
$267,779
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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
2009
Legal Domicile
MI
Tax Period
2024-01-01 to 2024-12-31

Buddhist Meditation Center, founded in 2009, is a small nonprofit in the Religion sector that reported $374K in total revenue in fiscal year 2024. The organization ran a surplus of $230K, a strong 62% operating margin.

Mission

Meet the worlds pressing need for wisdom and compassion by offering Buddhist teachings and practices. Promote ethical living and social responsibility and endeavor to exemplify the values of diversity and mutual respect

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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 $374,363
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $374,363

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $27,942
Other Expenses $143,928
TOTAL EXPENSES $143,928

Year-over-Year Comparison

2024 2023 Change
Revenue $374,363 N/A N/A
Expenses $143,928 N/A N/A
Net Income $230,435 N/A N/A
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
3
Independent Members
3
Employees
N/A
Volunteers
100

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
3
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Pimol Kamkrueng President 0.00
Officer
$0 $0 $0
Suchiraphon Mckeithen-Polish Secretary 0.00
Officer
$0 $0 $0
Kanchunij Pradithavanij Treasurer 0.00
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 $374,363 $143,928 $267,779 $230,435
2023 $260,341 $297,434 $89,474 $-37,093
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