Vietnam Ministries 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

1987

Legal Domicile

Principal Officer

Xuan K Le

Phone

7147588767

Tax Period

2023-01-01 to 2023-12-31

Vietnam Ministries Inc, founded in 1987, is a small nonprofit in the Religion sector that reported $344K in total revenue in fiscal year 2023. Revenue decreased 17% compared to the prior year. Expenses of $423K exceeded revenue, resulting in a 23% operating deficit.

Mission

To promote the Great Commission through evangelism and discipleship among Vietnamese people around the world by providing all believers with access to the Bible, study guides and education that helps them mature and bring others to Christ.

Program Service Accomplishments

Program 1

Expenses: $316,036

The organization's primary program accomplishments have included the preparation,publishing, and distributing of Christian literature. Also, the organization hasprovided leadership, evangelistic...

The organization's primary program accomplishments have included the preparation,publishing, and distributing of Christian literature. Also, the organization hasprovided leadership, evangelistic discipleship, missionary and other trainings toVietnamese speaking individuals and churches worldwide.Additionally, the Organization achieved its 2023 goals of Monthly Devotional and Prayer Bulletin for Vietnamese and English speaking readers. Also, the organization provided New Horizon Newsletters for Evangelism and published more books for Family and Spiritual. Additionally in 2023 the Organization printed 45,000 copies quarterly of Daily Bible Lesson in Vietnam and more people used devotion material on social media.

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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 $264,165

Program Service Revenue $0

Investment Income $20,061

Other Revenue $60,000

TOTAL REVENUE $344,226

Expense Breakdown

Grants Paid $0

Salaries & Benefits $182,167

Fundraising Expenses $21,358

Program Expenses $316,036

Other Expenses $241,249

TOTAL EXPENSES $423,416

Year-over-Year Comparison

	2023	2022	Change
Revenue	$344,226	$416,863	-0.2%
Expenses	$423,416	$428,721	0.0%
Net Income	$-79,190	$-11,858	+5.7%

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

$63,915

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Xuan K Le	President & CEO	40.00	Officer	$57,672	$6,243	$63,915
Chuyen Luu Tran	Chairman	15.00	Officer Director	$0	$0	$0
Hoang Pham	Secretary/Treas	15.00	Officer Director	$0	$0	$0
Philip Dang	Director	5.00	Director	$0	$0	$0
Tin Trung Hua	Director	5.00	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
2024	No data	No data	No data	No data
2023	$344,226	$423,416	$1,769,089	$-79,190
2022	$416,863	$428,721	$1,787,261	$-11,858
2021	$374,515	$366,429	$1,907,128	$8,086
2020	$343,839	$345,243	$1,832,924	$-1,404
2019	$439,657	$441,269	$1,802,260	$-1,612
2018	$341,159	$395,037	$1,792,635	$-53,878