LAO-AMERICAN ORGANIZATION OF ELGIN INC (EIN 364203670) - Form 990 Financial Analysis & Trantor Score

🔒

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

Financial Trends

Organization Details

Formation Year

2012

Legal Domicile

Principal Officer

JAY RASAVONGXAY

Phone

8479424017

Tax Period

2025-01-01 to 2025-12-31

LAO-AMERICAN ORGANIZATION OF ELGIN INC, founded in 2012, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $50 in total revenue in fiscal year 2025. Revenue fell 98% from the prior year — a significant decline worth monitoring. Expenses of $13K exceeded revenue, resulting in a 26096% operating deficit.

Mission

LIASON BETWEEN CITY OF ELGIN AND LAO COMMUNITY

🔒

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%)

Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $50

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $50

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $7,296

Other Expenses $13,098

TOTAL EXPENSES $13,098

Year-over-Year Comparison

	2025	2024	Change
Revenue	$50	$2,077	-1.0%
Expenses	$13,098	$10,599	+0.2%
Net Income	$-13,048	$-8,522	+0.5%

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

Governance

Voting Members

Independent Members

N/A

Employees

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MAY SAENGPRASEUTH	BOARD MEMBER	10.00	Officer Director	$0	$0	$0
JAY RASAVONGXAY	BOARD CHAIRMAN LAOE	20.00	Officer	$0	$0	$0
SOUKANH THAVISOUK	EXECUTIVE DIRECTOR	4.00	Officer	$0	$0	$0
NORASING KETDY	TREASURER	4.00	Officer	$0	$0	$0
PHETSAMAY VILAYCHACK	SECRETARY	5.00	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
2025	$50	$13,098	$33,413	$-13,048
2024	$2,077	$10,599	$46,461	$-8,522
2023	$22,500	$10,994	$54,983	$11,506
2022	$37,900	$16,456	$43,477	$21,444
2021	$32,061	$16,907	$22,033	$15,154
2019	$17,040	$13,852	$4,957	$3,188
2018	$18,543	$21,198	$1,769	$-2,655

LAO-AMERICAN ORGANIZATION OF ELGIN INC