FRIENDS OF THE POOR INC

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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

2013

Legal Domicile

Phone

6512105492

Tax Period

2024-01-01 to 2024-12-31

FRIENDS OF THE POOR INC, founded in 2013, is a small nonprofit in the Human Services sector that reported $425K in total revenue in fiscal year 2024. Revenue decreased 17% compared to the prior year. Expenses of $540K exceeded revenue, resulting in a 27% operating deficit.

Mission

SUPPORTS THE NEEDS OF THE IMPOVERISHED IN NORTH AND SOUTH VIETNAM.

Program Service Accomplishments

Program 1

Expenses: $282,554

THE SISTERS OF SERVANTS OF THE LORD, AND THE PRIESTS IN SMALL CHURCHES IN HO CHI MINH CITY PROVIDE CARE FOR MORE THAN 20,000 VILLAGERS. FUNDS DISTRIBUTED THERE IN 2024 WERE USED TO PROVIDE FOOD AND...

Program 2

Expenses: $252,751

FATHER THUAN OVERSEES AND DISTRIBUTES FUNDS IN THE DIOCESE OF CARITAS BAC NINH. IN 2024, FUNDS SENT WERE USED TO BUILD A CHURCH, AND 6 CLASSROOMS. SISTER NGUYEN PROVIDED FUNDS FOR THE GOOD SHEPHERD...

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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 $413,926

Program Service Revenue $0

Investment Income $10,948

Other Revenue $0

TOTAL REVENUE $424,874

Expense Breakdown

Grants Paid $535,305

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $535,305

Other Expenses $4,981

TOTAL EXPENSES $540,286

Year-over-Year Comparison

	2024	2023	Change
Revenue	$424,874	$510,144	-0.2%
Expenses	$540,286	$416,703	+0.3%
Net Income	$-115,412	$93,441	-2.2%

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
SR ROSE HANG VU	DIRECTOR	1.00	Officer Director	$0	$0	$0
LOC NGUYEN	PRESIDENT	1.00	Officer	$0	$0	$0
HUNG VAU LE	VICE PRESIDENT	1.00	Officer	$0	$0	$0
DAI VU	SECRETARY	1.00	Officer	$0	$0	$0
IVY CAVEGN	TREASURER	1.00	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	$424,874	$540,286	$972,090	$-115,412
2023	$510,144	$416,703	$1,087,502	$93,441
2022	$499,672	$367,315	$994,061	$132,357
2021	$587,911	$526,086	$861,704	$61,825
2020	$662,852	$637,596	$799,879	$25,256
2019	$537,397	$293,552	$774,623	$243,845
2018	$253,809	$206,636	$530,778	$47,173