HAPPY MONASTERY INC

EIN: 833909737 501(c)(3) Religion

SARASOTA, FL

Total Revenue
$369,132
Total Expenses
$126,245
Total Assets
$287,863
Net Assets
$256,000
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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
2018
Legal Domicile
FL
Principal Officer
RIN CONG NGUYEN
Phone
9413654617
Tax Period
2020-01-01 to 2020-12-31

HAPPY MONASTERY INC, founded in 2018, is a small nonprofit in the Religion sector that reported $369K in total revenue in fiscal year 2020. Revenue surged 408% from the prior year, signaling strong growth momentum. The organization ran a surplus of $243K, a strong 66% operating margin.

Mission

RELIGIOUS VIETNAMESE TEMPLE

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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 (2020)

Revenue Breakdown

Contributions & Grants $353,755
Program Service Revenue $14,889
Investment Income $0
Other Revenue $488
TOTAL REVENUE $369,132

Expense Breakdown

Grants Paid $4,000
Salaries & Benefits $20,788
Fundraising Expenses $0
Program Expenses $111,081
Other Expenses $101,457
TOTAL EXPENSES $126,245

Year-over-Year Comparison

2020 2019 Change
Revenue $369,132 $72,606 +4.1%
Expenses $126,245 $59,493 +1.1%
Net Income $242,887 $13,113 +17.5%
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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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
60

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
$20,788
Total Directors
3
$20,788
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RIN CONG NGUYEN PRESIDENT 40.00
Officer Director
$20,788 $0 $20,788
HA THANH NGUYEN SECRETARY 5.00
Officer Director
$0 $0 $0
CUONG NGUYEN TREASURER 5.00
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
2020 $369,132 $126,245 $287,863 $242,887
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