HUE LAM BUDDHIST CENTER INC

EIN: 841656638 501(c)(3) Religion

MANOR, TX

Total Revenue
$218,606
Total Expenses
$328,724
Total Assets
$250,754
Net Assets
$250,754
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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
TX
Phone
5124122156
Tax Period
2023-01-01 to 2023-12-31

HUE LAM BUDDHIST CENTER INC, founded in 2004, is a small nonprofit in the Religion sector that reported $219K in total revenue in fiscal year 2023. Revenue fell 84% from the prior year — a significant decline worth monitoring. Expenses of $329K exceeded revenue, resulting in a 50% operating deficit.

Mission

The purpose of the Buddhist Church is to maintain a temple and spiritual center for the praying and teaching of the Buddha Dharma.

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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 $218,488
Program Service Revenue $0
Investment Income $118
Other Revenue $0
TOTAL REVENUE $218,606

Expense Breakdown

Grants Paid $0
Salaries & Benefits $160,000
Fundraising Expenses $0
Program Expenses $124,633
Other Expenses $168,724
TOTAL EXPENSES $328,724

Year-over-Year Comparison

2023 2022 Change
Revenue $218,606 $1,393,425 -0.8%
Expenses $328,724 $1,393,926 -0.8%
Net Income $-110,118 $-501 +218.8%
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
N/A
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
0
$0
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TRUNG HAU NU THICH President 0.00
Director
$0 $0 $0
PAUL KIM Secretary 0.00
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
2023 $218,606 $328,724 $250,754 $-110,118
2022 $1,393,425 $1,393,926 $360,872 $-501
2020 $308,150 $208,334 $104,380 $99,816
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