Minneapolis, MN
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)Lao Assistance Center of Minnesota, founded in 1983, is a community nonprofit that reported $1.1M in total revenue in fiscal year 2023. Revenue fell 33% from the prior year — a significant decline worth monitoring. Expenses of $1.5M exceeded revenue, resulting in a 38% operating deficit.
The mission of the LAO Assistance Center of Minnesota is to increase the capacity of the the Lao-American population in Minnesota by responding to the community identified needs through developing programs and services that promote the well-being of families and children while retaining their cultural heritage
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $1,111,667 | $1,654,748 | -0.3% |
| Expenses | $1,529,782 | $1,463,853 | +0.0% |
| Net Income | $-418,115 | $190,895 | -3.2% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Pany Siharath | President | 3.00 |
Officer
Director
|
$0 | $0 | $0 |
| Douangvixay Sithimolada | Vice President | 3.00 |
Officer
Director
|
$0 | $0 | $0 |
| Phouninh Vixayvong | Treasurer | 3.00 |
Director
|
$0 | $0 | $0 |
| Kerry Fongthavisay | Board member | 3.00 |
Director
|
$0 | $0 | $0 |
| RattanaphoneManikong | Secretary | 3.00 |
Director
|
$0 | $0 | $0 |
| Jeffrey Sisomnuk | Board member | 3.00 |
Director
|
$0 | $0 | $0 |
| Sunny Chanthanouvong | Executive Director | 40.00 |
Officer
|
$100,322 | $0 | $100,322 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | No data | No data | No data | No data |
| 2024 | $1,111,667 | $1,529,782 | $328,821 | $-418,115 |
| 2023 | $1,654,748 | $1,463,853 | $588,134 | $190,895 |
| 2022 | $1,056,387 | $1,028,645 | $388,396 | $27,742 |
| 2021 | $648,838 | $646,936 | $288,464 | $1,902 |
| 2020 | $413,016 | $438,833 | $153,253 | $-25,817 |
Compare Lao Assistance Center of Minnesota with other nonprofits in Minnesota and across the country.