LOTUS SEA SAMADHI MEDITATION CENTER

EIN: 920696360 501(c)(3) Religion

Rockwood, MI

Total Revenue
$206,353
Total Expenses
$55,085
Total Assets
$253,423
Net Assets
$253,423
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2022
Legal Domicile
MI
Principal Officer
Shaofang Yu
Phone
2489770570
Tax Period
2023-01-01 to 2023-12-31

LOTUS SEA SAMADHI MEDITATION CENTER, founded in 2022, is a small nonprofit in the Religion sector that reported $206K in total revenue in fiscal year 2023. Revenue surged 102% from the prior year, signaling strong growth momentum. The organization ran a surplus of $151K, a strong 73% operating margin.

Mission

Propagating Buddha Dharma, help the masses enter the door of Buddha Dharma, help them know the Buddha and learn from the Buddha, help them understand the importance of upholding the precepts, guide them to practice Buddha Dharma, help them to know the truth of the universe and see through problems they encounter in their life, help them relieve their pain and go through difficulties. The organization plans to hold meditation sessions. The organization plans to organization pilgrimage trips to India when situation allows. Help those who have affinity with the Buddha to reconnect with the Buddha, to resonate with the Buddha, so they can better learn from the Buddha. The organization plans to hold seminars and workshops to introduce Buddhist Diet to the masses. The organization plans to build gardens with the help from all members/volunteers seasonally. The organization plans to hold retreats in the future.

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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 $206,353
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $206,353

Expense Breakdown

Grants Paid $20,000
Salaries & Benefits $5,334
Fundraising Expenses $0
Program Expenses $55,085
Other Expenses $29,751
TOTAL EXPENSES $55,085

Year-over-Year Comparison

2023 2022 Change
Revenue $206,353 $102,200 +1.0%
Expenses $55,085 $45 +1223.1%
Net Income $151,268 $102,155 +0.5%
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

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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
5
Independent Members
5
Employees
1
Volunteers
3

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
1
$0
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Shaofang Yu President 10
Director
$0 $0 $0
Xingmei Cong Secretary 3
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
2023 $206,353 $55,085 $253,423 $151,268
2022 $102,200 $45 $102,155 $102,155
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