Thanh-Hoa Project Foundation (EIN 264455318) - 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

2009

Legal Domicile

Principal Officer

Mark D Cebula

Phone

6163079645

Tax Period

2024-01-01 to 2024-12-31

Thanh-Hoa Project Foundation, founded in 2009, is a small nonprofit in the Religion sector that reported $627K in total revenue in fiscal year 2024. Revenue surged 475% from the prior year, signaling strong growth momentum.

Mission

We work with the Bishop of Thanh-Hoa Vietnam to provide assistance with natural disasters (such as church rebuilding following major typhoons), soup kitchens and other Roman Catholic activiites. Communication is conducted via email, phone calls and occasional personal visits to Thanh-Hoa, Vietnam.

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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 $625,908

Program Service Revenue $0

Investment Income $1,341

Other Revenue $0

TOTAL REVENUE $627,249

Expense Breakdown

Grants Paid $609,521

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $609,521

Other Expenses $1,811

TOTAL EXPENSES $611,332

Year-over-Year Comparison

	2024	2023	Change
Revenue	$627,249	$109,158	+4.7%
Expenses	$611,332	$100,069	+5.1%
Net Income	$15,917	$9,089	+0.8%

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

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
Most Rev Cuong D Nguyen	Director	1.00	Director	$0	$0	$0
Paul D Nguyen	Director	1.00	Director	$0	$0	$0
Rev Phong Pham	President	5.00	Officer	$0	$0	$0
Rev Thomas Nguyen	Vice President	1.00	Officer	$0	$0	$0
Mark D Cebula	Secretary/Treasurer	3.00	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	$627,249	$611,332	$69,429	$15,917

Thanh-Hoa Project Foundation