QUONG MING BUDDHISM & TAOISM (EIN 942390677) - 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

CHEUK K CHAU

Phone

4154218060

Tax Period

2024-01-01 to 2024-12-31

QUONG MING BUDDHISM & TAOISM, founded in 1960, is a small nonprofit in the Religion sector that reported $361K in total revenue in fiscal year 2024. The organization ran a surplus of $93K, a strong 26% operating margin.

Mission

SPREAD THE BELIEFS OF BUDDHISM AND TAOISM. MAINTAIN WORSHIP TEMPLES AND COMMUNITY MEETING PLACES FOR THE WORSHIPPERS AND ELDERLY. PROVIDE ALL NECESSARY RITUAL AND CEREMONIAL SUPPLIES FOR THE WORSHIPPERS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $356,436

Program Service Revenue $0

Investment Income $0

Other Revenue $4,538

TOTAL REVENUE $360,974

Expense Breakdown

Grants Paid $0

Salaries & Benefits $45,213

Fundraising Expenses $0

Program Expenses $259,445

Other Expenses $222,915

TOTAL EXPENSES $268,128

Year-over-Year Comparison

	2024	2023	Change
Revenue	$360,974	$363,612	0.0%
Expenses	$268,128	$253,405	+0.1%
Net Income	$92,846	$110,207	-0.2%

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

N/A

Employees

Volunteers

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
PIT C WU	DIRECTOR	0.00	Director	$0	$0	$0
MARIE WONG	SECRETARY	0.00	Director	$0	$0	$0
LONNIE WONG	DIRECTOR	0.00	Director	$0	$0	$0
CARMEN JO	DIRECTOR	0.00	Director	$0	$0	$0
CHEUK K CHAU	TRESURER	40.00	Officer	$0	$0	$0
LESLIE WONG	PRESIDENT	0.00	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	$360,974	$268,128	$3,122,670	$92,846
2023	$363,612	$253,405	$3,032,418	$110,207
2022	$356,884	$235,749	$2,919,617	$121,135
2021	$290,876	$186,392	$2,796,270	$104,484
2020	$179,696	$209,394	$2,693,333	$-29,698
2019	$306,862	$231,450	$2,722,253	$75,412
2018	$260,867	$238,008	$2,646,229	$22,859

QUONG MING BUDDHISM & TAOISM