VIETNAMESE ASSOCIATION OF ILLINOIS (EIN 362882292) - 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

1976

Legal Domicile

Principal Officer

VAN HUYNH

Phone

7737283700

Tax Period

2024-07-01 to 2025-06-30

Vietnamese Association of Illinois, founded in 1976, is a community nonprofit in the Human Services sector that reported $6.8M in total revenue in fiscal year 2020. Revenue surged 25% from the prior year, signaling strong growth momentum. Expenses of $6.0M left a modest 13% surplus.

Mission

VAI FOCUSES ON SERVING DIVERSE COMMUNITIES OF ALL ETHNICITIES AND RELIGIONS, FOSTERING UNITY, AND PROMOTING VIETNAMESE AMERICAN IDENTITY.

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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 $1,480,547

Program Service Revenue $7,830,097

Investment Income $156,931

Other Revenue $-57,292

TOTAL REVENUE $9,410,283

Expense Breakdown

Grants Paid $0

Salaries & Benefits $9,119,576

Fundraising Expenses $209,590

Program Expenses $8,970,348

Other Expenses $979,253

TOTAL EXPENSES $10,110,329

Year-over-Year Comparison

	2024	2023	Change
Revenue	$9,410,283	$8,828,309	+0.1%
Expenses	$10,110,329	$8,530,780	+0.2%
Net Income	$-700,046	$297,529	-3.4%

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

372

Volunteers

100

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

$115,700

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DOUG NGUYEN	BOARD PRESIDENT	1.00	Officer Director	$0	$0	$0
TUYET LE	FINANCIAL CHAIR	1.00	Officer Director	$0	$0	$0
VY PHAM	SECRETARY	1.00	Officer Director	$0	$0	$0
REGINALD HARDWICK	BOARD MEMBER	1.00	Director	$0	$0	$0
HUY MINH NGUYEN	BOARD MEMBER	1.00	Director	$0	$0	$0
RANDY KIM	BOARD MEMBER	1.00	Director	$0	$0	$0
VAN HUYNH	EXECUTIVE DIRECTOR	40.00	Officer	$115,700	$0	$115,700

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
2025	$9,410,283	$10,110,329	$8,346,181	$-700,046
2024	No data	No data	No data	No data
2023	$7,999,955	$7,527,543	$8,273,662	$472,412
2022	$7,479,571	$6,584,501	$8,013,208	$895,070
2021	$6,835,047	$5,968,112	$7,002,840	$866,935

VIETNAMESE ASSOCIATION OF ILLINOIS