KHYENTSE FOUNDATION (EIN 912167303) - 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

2001

Legal Domicile

Principal Officer

LYNN HOBERG

Phone

7078921919

Tax Period

2023-07-01 to 2024-06-30

KHYENTSE FOUNDATION, founded in 2001, is a community nonprofit in the Religion sector that reported $8.8M in total revenue in fiscal year 2023. Revenue surged 107% from the prior year, signaling strong growth momentum. Expenses of $8.3M left a modest 5% surplus.

Mission

KHYENTSE FOUNDATION IS A NONPROFIT ORGANIZATION INCORPORATED IN THE STATE OF WASHINGTON, USA, IN NOVEMBER, 2001. FOUNDED BY DZONGSAR KHYENTSE RINPOCHE, THE FOUNDATION AIMS TO PRESERVE AND SHARE THE BUDDHA'S WISDOM WITH EVERYONE. PRIMARILY A FUNDING INSTITUTION, THE MOSTLY VOLUNTEER ORGANIZATION IS CONSTANTLY GROWING AND EVOLVING, SHAPED BY THE NEEDS AND CIRCUMSTANCES OF THE WORLD AND THOSE WHO SEEK OUR SUPPORT. WITH ADDITIONAL PROJECTS EMERGING EVERY YEAR, THE EFFORTS AND CONTRIBUTIONS OF OUR SUPPORTERS AND STAFF HAVE ALLOWED KHYENTSE FOUNDATION TO SERVE HUNDREDS OF THOUSANDS OF PEOPLE WHO ARE INTERESTED IN THE TEACHINGS OF THE BUDDHA. WE BELIEVE THAT EVERYONE, WHETHER BUDDHIST OR NOT, HAS SOMETHING TO GAIN FROM THE BUDDHA'S INSIGHT. ENTERING ITS THIRD DECADE, THE FOUNDATION IS NOW PRIORITIZING THE FOLLOWING THREE AREAS: DEVELOPING MODELS FOR THE EDUCATION OF CHILDREN BASED ON BUDDHIST CONCEPTS OF WISDOM AND COMPASSION; DEVELOPING AND TRAINING EDUCATORS, TRANSLATORS, AND BUDDHIST TEACHERS FOR THE 21ST CENTURY; STRENGTHENING THE ACADEMIC STUDY OF BUDDHISM IN UNIVERSITIES AROUND THE WORLD. STRUCTURALLY, THE FOUNDATION'S ACTIVITIES ARE ARRANGED AROUND THE FOLLOWING PROGRAMS, WHICH FORM THE BASIC FRAMEWORK OF OUR SYSTEM OF PATRONAGE TO SUPPORT BUDDHIST STUDY AND PRACTICE: MONASTIC EDUCATION, TEXT PRESERVATION, TRANSLATION, BUDDHIST TEACHER TRAINING, ACADEMIC DEVELOPMENT, EDUCATION FOR CHILDREN, SCHOLARSHIPS, AND REVITALIZING BUDDHIST HERITAGE.

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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 $6,891,740

Program Service Revenue $0

Investment Income $1,867,446

Other Revenue $0

TOTAL REVENUE $8,759,186

Expense Breakdown

Grants Paid $7,765,582

Salaries & Benefits $151,606

Fundraising Expenses $42,241

Program Expenses $7,774,298

Other Expenses $381,411

TOTAL EXPENSES $8,298,599

Year-over-Year Comparison

	2023	2022	Change
Revenue	$8,759,186	$4,236,614	+1.1%
Expenses	$8,298,599	$7,599,632	+0.1%
Net Income	$460,587	$-3,363,018	-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

100

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

$106,400

Total Directors

$45,206

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LYNN HOBERG	EXECUTIVE DIRECTOR	40.00	Officer Director	$0	$0	$0
DZONGSAR JAMYANG KHYENTSE RINPOCHE	CHAIRPERSON	7.00	Officer Director	$0	$0	$0
THOMAS SWINDELL	TREASURER	40.00	Officer	$60,000	$0	$60,000
STEPHANIE SUTER	SECRETARY	40.00	Officer	$46,400	$0	$46,400
ANGIE TSAI	BOARDMEMBER	1.00	Director	$0	$0	$0
ANITA LEE	BOARDMEMBER	1.00	Director	$0	$0	$0
ASHA PILLAI-BALSARA	BOARDMEMBER	1.00	Director	$0	$0	$0
CAROLYN YEH	BOARDMEMBER	10.00	Director	$0	$0	$0
CHRISTINE NG	BOARDMEMBER	5.00	Director	$0	$0	$0
ISABEL PEDROSA	BOARDMEMBER	15.00	Director	$45,206	$0	$45,206
KRIS YAO	BOARDMEMBER	1.00	Director	$0	$0	$0
SEAN CHEANG	BOARDMEMBER	5.00	Director	$0	$0	$0
RICHARD CHANG	BOARDMEMBER	1.00	Director	$0	$0	$0
DRUBGYAD TENZIN RINPOCHE	BOARDMEMBER	1.00	Director	$0	$0	$0
CANGIOLI CHE	BOARDMEMBER	1.00	Director	$0	$0	$0
SONAM CHODEN	BOARDMEMBER	1.00	Director	$0	$0	$0
TASHI CHOZOM	BOARDMEMBER	1.00	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
2025	No data	No data	No data	No data
2024	$8,759,186	$8,298,599	$51,581,005	$460,587
2023	$4,236,614	$7,599,632	$46,401,387	$-3,363,018
2022	$4,055,903	$9,009,453	$48,468,286	$-4,953,550
2021	$7,362,261	$6,606,869	$60,349,679	$755,392
2020	$10,383,807	$5,566,740	$55,029,266	$4,817,067
2019	$4,129,537	$4,259,278	$49,960,024	$-129,741
2018	$14,953,489	$6,654,343	$49,777,407	$8,299,146

KHYENTSE FOUNDATION