AMERICAN SRI LANKA BUDDHIST ASSOCIATION INC (EIN 900013848) - 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

1960

Legal Domicile

Principal Officer

BHANTE HEENBUNNE KONDANNA

Phone

7185562051

Tax Period

2023-01-01 to 2023-12-31

AMERICAN SRI LANKA BUDDHIST ASSOCIATION INC, founded in 1960, is a small nonprofit that reported $153K in total revenue in fiscal year 2023. Revenue surged 29% from the prior year, signaling strong growth momentum. Expenses of $241K exceeded revenue, resulting in a 57% operating deficit.

Mission

AS A BUDDHIST TEMPLE, THE RESIDENT MONKS PROVIDE RELIGIOUS SERVICES MAINLY TO SRI LANKAN BUDDHISTS AS WELL AS ALL THOSE INTERESTED IN THE RELIGION WEEKLY, MONTHLY, ANNUAL AND OCCASIONS OF BUDDHIST RELIGIOUS SIGNIFICANCE, THE CONGREGATION ASSEMBLES FOR BUDDHIST RELIGIOUS ACTIVITIES.

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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 $0

Program Service Revenue $152,702

Investment Income $156

Other Revenue $0

TOTAL REVENUE $152,858

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $240,556

TOTAL EXPENSES $240,556

Year-over-Year Comparison

	2023	2022	Change
Revenue	$152,858	$118,166	+0.3%
Expenses	$240,556	$30,985	+6.8%
Net Income	$-87,698	$87,181	-2.0%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
VEN HEENBUNNE KONDANNA	PRESIDENT	050.00	Officer Director	$0	$0	$0
VEN SIYABALAGODA ANANDA	DIRECTOR	015.00	Officer Director	$0	$0	$0
VEN PINNAGALA PANGNATISSA	TREASURER	050.00	Officer Director	$0	$0	$0
MRS IRENE RANASINGHE	DIRECTOR	050.00	Director	$0	$0	$0
MR SURANGA PERERA	DIRECTOR	020.00	Director	$0	$0	$0
MR CHANDANA M GOONEWARDENA	SECRETARY	020.00	Director	$0	$0	$0
MR JAYANTHA HETTIARACHCHI	DIRECTOR	020.00	Director	$0	$0	$0
MR ASOKA DHARMASENA	BOARD MEMBER	020.00	Director	$0	$0	$0
MR WIMAL PITIGALA	BOARD MEMBER	020.00	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	$152,858	$240,556	$1,532,866	$-87,698
2022	$118,166	$30,985	$1,595,735	$87,181
2021	$110,287	$79,667	$1,508,554	$30,620
2020	$110,750	$44,218	$1,296,334	$66,532
2019	$107,378	$90,846	$1,256,337	$16,532
2018	$157,278	$86,507	$1,239,805	$70,771

AMERICAN SRI LANKA BUDDHIST ASSOCIATION INC