GUANYIN CITTA OF NEW YORK INC (EIN 861594341) - 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

2021

Legal Domicile

Principal Officer

HAOLIN CHEN

Phone

6462669835

Tax Period

2023-01-01 to 2023-12-31

GUANYIN CITTA OF NEW YORK INC, founded in 2021, is a small nonprofit in the Public & Societal Benefit sector that reported $309K in total revenue in fiscal year 2023. Revenue fell 82% from the prior year — a significant decline worth monitoring. Expenses of $464K exceeded revenue, resulting in a 50% operating deficit.

Mission

Guanyin Citta provides free workshops, lectures and studying materials on traditional Chinese culture to people in the US with Chinese heritage and people of other heritages that are interested in traditional Chinese culture.

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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 (2023)

Revenue Breakdown

Contributions & Grants $308,585

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $308,585

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $464,094

Other Expenses $464,094

TOTAL EXPENSES $464,094

Year-over-Year Comparison

	2023	2022	Change
Revenue	$308,585	$1,700,582	-0.8%
Expenses	$464,094	$282,117	+0.6%
Net Income	$-155,509	$1,418,465	-1.1%

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

200

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
Haolin Chen	President	2.00	Director	$0	$0	$0
Xiu juan Zheng	Vice-President	2.00	Director	$0	$0	$0
Tan Bee Yen	Vice-President	2.00	Director	$0	$0	$0
Zhilin Ye	Secretary	2.00	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	No data	No data	No data	No data
2023	$308,585	$464,094	$1,773,561	$-155,509
2022	$1,700,582	$282,117	$2,109,872	$1,418,465
2021	$921,040	$229,634	$691,406	$691,406

GUANYIN CITTA OF NEW YORK INC