BUDDHA VIMUTTI DHAMMA CENTER INC

EIN: 882461934 501(c)(3) Religion

BROOKLYN, NY

Total Revenue
$8,400
Total Expenses
$39,189
Total Assets
$437,417
Net Assets
$437,417
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2022
Legal Domicile
NY
Principal Officer
SOON H LEE
Phone
6462861888
Tax Period
2023-01-01 to 2023-12-31

BUDDHA VIMUTTI DHAMMA CENTER INC, founded in 2022, is a micro nonprofit in the Religion sector that reported $8K in total revenue in fiscal year 2023. Revenue fell 98% from the prior year — a significant decline worth monitoring. Expenses of $39K exceeded revenue, resulting in a 367% operating deficit.

Mission

TO ENCOURAGE PEOPLE TO BELIEVE IN BUDDHISM AND GUIDE PEOPLE TO LIVE MORALLY AND ETHICALLY. TO DO DAILY KINDNESS TO THE GENERAL PUBLIC AND HELP PEOPLE WITH POOR FINANCIAL CONDITION. A MONK IS AVAILABLE TO PROVIDE TEACHING OF BUDDHISM AND PRAYING.

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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 $8,400
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $8,400

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $39,189
Other Expenses $39,189
TOTAL EXPENSES $39,189

Year-over-Year Comparison

2023 2022 Change
Revenue $8,400 $483,902 -1.0%
Expenses $39,189 $15,696 +1.5%
Net Income $-30,789 $468,206 -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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Governance

Voting Members
3
Independent Members
3
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
3
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
HUNG SAM LEE TREASURER 2.00
Officer
$0 $0 $0
SOON H LEE PRESIDENT 6.00
Officer
$0 $0 $0
KYAN H LEE SECRETARY 2.00
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 No data No data No data No data
2023 $8,400 $39,189 $437,417 $-30,789
2022 $483,902 $15,696 $468,206 $468,206
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