Friends of Vinh Son Montagnard Cat… - 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

2005

Legal Domicile

Principal Officer

PATRICK LEARY

Phone

8162251805

Tax Period

2023-01-01 to 2023-12-31

Friends of Vinh Son Montagnard Catholic Orphanage & Mission-Vietnam, founded in 2005, is a small nonprofit in the Human Services sector that reported $554K in total revenue in fiscal year 2023. Revenue surged 64% from the prior year, signaling strong growth momentum. The organization ran a surplus of $169K, a strong 31% operating margin.

Mission

TO PROVIDE A COORDINATED EFFORT TO RAISE RESOURCES FOR THE CHILDREN AT VINH SON MONTAGNARD ORPHANAGE.

Program Service Accomplishments

Program 1

Expenses: $367,444

PROVIDE FUNDS FOR THE PURCHASE AND REPAIRS OF EQUIPMENT, SUPPLIES, COMPUTERS, FOOD, EDUCATIONAL MATERIALS, DENTAL CARE AND CLOTHING FOR THE CHILDREN AT THE ORPHANAGES.

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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 $528,360

Program Service Revenue $0

Investment Income $25,829

Other Revenue $0

TOTAL REVENUE $554,189

Expense Breakdown

Grants Paid $367,444

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $367,444

Other Expenses $17,391

TOTAL EXPENSES $384,835

Year-over-Year Comparison

	2023	2022	Change
Revenue	$554,189	$337,515	+0.6%
Expenses	$384,835	$289,469	+0.3%
Net Income	$169,354	$48,046	+2.5%

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

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
DAVE CHAIX	BOARD MEMBER	20.00	Director	$0	$0	$0
HANK GONZALES	BOARD MEMBER	3.00	Director	$0	$0	$0
PATRICK KEEGAN	BOARD MEMBER	2.50	Officer	$0	$0	$0
GENE MAPA	Treasurer	5.00	Officer	$0	$0	$0
PATRICK MCKEE	3RD VP	5.00	Officer	$0	$0	$0
MAI-LY BUI WILCOX	Secretary	5.00	Officer	$0	$0	$0
MICHAEL LITTLE	2ND VP	2.50	Officer	$0	$0	$0
KHAC-QUAN NGUYEN	BOARD MEMBER	2.50	Officer	$0	$0	$0
PATRICK LEARY	President	35.00	Officer	$0	$0	$0
BART RUUD	SENIOR VP	10.00	Officer	$0	$0	$0
CLYDE LEWANDOWSKI	1ST VP	15.00	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	No data	No data	No data	No data
2023	$554,189	$384,835	$1,221,371	$169,354
2022	$337,515	$289,469	$978,905	$48,046
2021	$383,930	$308,574	$1,078,432	$75,356
2020	$405,018	$270,143	$965,134	$134,875
2019	$298,370	$232,796	$808,986	$65,574
2018	$327,475	$177,543	$674,945	$149,932

Friends of Vinh Son Montagnard Catholic Orphanage & Mission-Vietnam