VIETNAMESE AMERICAN INITIATIVE FOR DEVELOPMENT INC (EIN 043289039) - 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

1994

Legal Domicile

Principal Officer

GEORGE HUYNH

Phone

6178223717

Tax Period

2024-01-01 to 2024-12-31

VIETNAMESE AMERICAN INITIATIVE FOR DEVELOPMENT INC, founded in 1994, is a community nonprofit in the Housing & Shelter sector that reported $2.0M in total revenue in fiscal year 2024. Revenue decreased 15% compared to the prior year. Expenses of $1.9M left a modest 9% surplus.

Mission

VIETAID'S MISSION IS TO BUILD A STRONG VIETNAMESE COMMUNITY AND A VIBRANT FIELDS CORNER THROUGH THE FOLLOWING MEASURES: PROMOTING CIVIC ENGAGEMENT AND COMMUNITY BUILDING; DEVELOPING AFFORDABLE HOUSING AND COMMERCIAL SPACE; ENRICHING YOUTH LEADERSHIP; OFFERING HIGH-QUALITY CHILD AND SENIOR CARE; AND PROVIDING DIVERSE DIRECT AND SOCIAL SERVICES.

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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 $1,582,385

Program Service Revenue $386,896

Investment Income $31,217

Other Revenue $40,524

TOTAL REVENUE $2,041,022

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,377,493

Fundraising Expenses $0

Program Expenses $1,415,933

Other Expenses $483,511

TOTAL EXPENSES $1,861,004

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,041,022	$2,398,830	-0.1%
Expenses	$1,861,004	$2,641,398	-0.3%
Net Income	$180,018	$-242,568	-1.7%

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

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

$130,585

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KIM THAI	CHAIR	1.00	Officer Director	$0	$0	$0
JOHN HO	CO-CHAIR	1.00	Officer Director	$0	$0	$0
DANIELLE GOATLEY	TREASURER	1.00	Officer Director	$0	$0	$0
KERRY MCGOWAN	CLERK	1.00	Officer Director	$0	$0	$0
KHANG NGUYEN	MEMBER	1.00	Director	$0	$0	$0
JIM COLLINS	MEMBER	1.00	Director	$0	$0	$0
AISHA MILLER	MEMBER	1.00	Director	$0	$0	$0
THERESA TRAN	MEMBER (AS OF 2024)	1.00	Director	$0	$0	$0
GEORGE HUYNH	EXECUTIVE DIRECTOR	40.00	Officer	$126,735	$3,850	$130,585

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	$2,041,022	$1,861,004	$8,237,266	$180,018
2023	$2,398,830	$2,641,398	$6,572,826	$-242,568
2022	$1,939,615	$2,104,763	$5,585,930	$-165,148
2021	$2,891,262	$2,480,925	$5,524,818	$410,337
2020	$2,901,778	$2,203,203	$5,246,221	$698,575
2019	$1,143,845	$1,649,424	$4,352,716	$-505,579
2019	$1,243,722	$1,532,831	$3,970,229	$-289,109
2018	$1,216,568	$1,807,143	$4,191,322	$-590,575

VIETNAMESE AMERICAN INITIATIVE FOR DEVELOPMENT INC