VIETNAMESE SOCIAL SERVICES OF MINNESOTA

EIN: 363532232 501(c)(3) Human Services

SAINT PAUL, MN

Total Revenue
$1,186,045
Total Expenses
$941,276
Total Assets
$2,200,551
Net Assets
$1,662,601
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1987
Legal Domicile
MN
Principal Officer
HUE PHAM
Phone
6516418904
Tax Period
2023-01-01 to 2023-12-31

VIETNAMESE SOCIAL SERVICES OF MINNESOTA, founded in 1987, is a community nonprofit in the Human Services sector that reported $1.2M in total revenue in fiscal year 2023. Revenue decreased 11% compared to the prior year. The organization ran a surplus of $245K, a strong 21% operating margin.

Mission

VIETNAMESE SOCIAL SERVICES IS DEDICATED TO MAINTAINING THE IDENTITY OF THE MINNESOTA'S VIETNAMESE COMMUNITY WHILE ADDRESSING THE BASIC ECONOMIC, EDUCATION, AND HEALTH NEEDS OF REFUGEES AND IMMIGRANTS STATEWIDE.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,124,217
Program Service Revenue $61,781
Investment Income $47
Other Revenue $0
TOTAL REVENUE $1,186,045

Expense Breakdown

Grants Paid $0
Salaries & Benefits $436,889
Fundraising Expenses $25,401
Program Expenses $785,476
Other Expenses $504,387
TOTAL EXPENSES $941,276

Year-over-Year Comparison

2023 2022 Change
Revenue $1,186,045 $1,332,629 -0.1%
Expenses $941,276 $1,128,663 -0.2%
Net Income $244,769 $203,966 +0.2%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
11
Independent Members
11
Employees
24
Volunteers
20

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
5
$96,861
Total Directors
11
$96,861
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
HUE PHAM EXECUTIVE DI 40.00
Officer Director
$96,861 $0 $96,861
ROLAND J THEILER PRESIDENT 1.00
Officer Director
$0 $0 $0
CUONG PHAM VICE PRESIDE 1.00
Officer Director
$0 $0 $0
LISALAN THAI TREASURER 1.00
Officer Director
$0 $0 $0
VIET TRAN SECRETARY 1.00
Officer Director
$0 $0 $0
MR TAM PHAN BOARD MEMBER 1.00
Director
$0 $0 $0
DR YANG DAP BOARD MEMBER 1.00
Director
$0 $0 $0
TAM PHAM BOARD MEMBER 1.00
Director
$0 $0 $0
HUNG NGO BOARD MEMBER 1.00
Director
$0 $0 $0
MAUNG GYI BOARD MEMBER 1.00
Director
$0 $0 $0
MICHAEL L TRAN BOARD MEMBER 1.00
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 $1,186,045 $941,276 $2,200,551 $244,769
2022 $1,332,629 $1,128,663 $2,141,206 $203,966
2021 $1,627,956 $1,308,611 $2,062,656 $319,345
2020 $1,525,376 $1,197,246 $1,964,783 $328,130
2019 $817,620 $773,031 $1,231,225 $44,589
2018 $695,764 $672,467 $1,231,470 $23,297
Explore More Nonprofits
→Top 100 Nonprofits in Minnesota →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare VIETNAMESE SOCIAL SERVICES OF MINNESOTA with other nonprofits in Minnesota and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.