TEN THOUSAND BUDDHAS SUMMIT MONASTERY

EIN: 954791181 501(c)(3) Religion

CORYDON, IN

Total Revenue
$41,178
Total Expenses
$28,272
Total Assets
$414,025
Net Assets
$414,025
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2002
Legal Domicile
IN
Principal Officer
TRUNG HUYNH
Tax Period
2023-01-01 to 2023-12-31

TEN THOUSAND BUDDHAS SUMMIT MONASTERY, founded in 2002, is a micro nonprofit in the Religion sector that reported $41K in total revenue in fiscal year 2023. Revenue fell 24% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $13K, a strong 31% operating margin.

Mission

BUDDHIST MONASTERY - CARRIES OUT ITS MISSION OF TRAINING LEADERS OF BUDDHIST FAITH IN CHANGING WORLD AND EDUCATING BUDDHIST PRINCIPLES AND PRACTICES TO PUBLIC.

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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 $41,178
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $41,178

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $28,272
Other Expenses $28,272
TOTAL EXPENSES $28,272

Year-over-Year Comparison

2023 2022 Change
Revenue $41,178 $54,180 -0.2%
Expenses $28,272 $5,185 +4.5%
Net Income $12,906 $48,995 -0.7%
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

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Governance

Voting Members
2
Independent Members
2
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
2
$0
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BINH T NGUYEN VICE PRESIDENT 60.00
Officer Director
$0 $0 $0
TRUNG HUYNH PRESIDENT 80.00
Officer 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
2023 $41,178 $28,272 $414,025 $12,906
2022 $54,180 $5,185 $410,737 $48,995
2021 $27,409 $28,366 $380,697 $-957
2020 $69,061 $49,212 $414,964 $19,849
2019 $87,316 $57,228 $410,788 $30,088
2018 $100,913 $96,382 $407,111 $4,531
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