TEN THOUSAND BUDDHAS SUMMIT MONAST… - Form 990 Financial Data

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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

2002

Legal Domicile

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.

Program Service Accomplishments

Program 1

Expenses: $28,272

1. 365 DAILY MEDITATIONS AND PRAYERS TO VOLUNTEERS AND CLERGY MEMBERS AT THE MONASTERY2. 52 WEEKLY PRAYERS FOR BUDDHIST MEMBERS AND PUBLIC AT THE MONASTERY3. 12 THREE-DAY MONTHLY BUDDHIST FAITH...

1. 365 DAILY MEDITATIONS AND PRAYERS TO VOLUNTEERS AND CLERGY MEMBERS AT THE MONASTERY2. 52 WEEKLY PRAYERS FOR BUDDHIST MEMBERS AND PUBLIC AT THE MONASTERY3. 12 THREE-DAY MONTHLY BUDDHIST FAITH STUDIES4. 3 BIG PUBLIC CELERATIONS OF BUDDHA BIRTHDAY (MEMORIAL DAY), PARENTS APPRICATION DAY (LABOR DAY), VIETNAMESE NEW YEAR (MID-FEBRUARY)5. SUMMER CAMP FOR CHILDREN AGES EVERY SUMMER.6. SPONSORED, SHELTERED, TRANSPORTATION, PROVIDED ALL NECESSITY LIVING EXPENSES, AND TRAINED FOUR NEW BUDDHIST CLERGIES TO CARRY OUT BUDDHIST MISSION AS STATED IN MONASTERY MISSION STATEMENT. ( ALL CLERGIES TAKE THE VOW OF POVERTY SO THERE IS NO SEPERATED ALLOCATION OF EXPENSES FOR CLERGIES BUT THERE IS 25% OF ALL SERVICE EXPENSES ARE FOR THIS PURPOSE.)

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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 $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

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
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

TEN THOUSAND BUDDHAS SUMMIT MONASTERY