VIETNAMESE BUDDHIST ASSOCIATION

EIN: 411290701 501(c)(3)

Roseville, MN

Total Revenue
$459,542
Total Expenses
$282,415
Total Assets
$2,622,294
Net Assets
$2,622,294
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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
1983
Legal Domicile
MN
Principal Officer
David Truong
Phone
6514827990
Tax Period
2025-01-01 to 2025-12-31

VIETNAMESE BUDDHIST ASSOCIATION, founded in 1983, is a small nonprofit that reported $460K in total revenue in fiscal year 2025. Revenue surged 71% from the prior year, signaling strong growth momentum. The organization ran a surplus of $177K, a strong 39% operating margin.

Mission

Provide spiritual guidance for individuals and religious unification for Asian community

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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%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $448,435
Program Service Revenue $0
Investment Income $11,107
Other Revenue $0
TOTAL REVENUE $459,542

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $282,415
Other Expenses $282,415
TOTAL EXPENSES $282,415

Year-over-Year Comparison

2025 2024 Change
Revenue $459,542 $269,262 +0.7%
Expenses $282,415 $211,603 +0.3%
Net Income $177,127 $57,659 +2.1%
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

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Governance

Voting Members
18
Independent Members
18
Employees
N/A
Volunteers
30

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
10
$0
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Minh Phap - David Minh Truong Board of Directors 10
Director
$0 $0 $0
Nguyen Trang - MyChi Nguyen Board Member 5
Officer
$0 $0 $0
Nguyen Thu - Quyen Pham Board Member 5
Officer
$0 $0 $0
Minh Hieu - Hieu Ho Board Member 5
Officer
$0 $0 $0
Trung Nguyen - Quang Thanh Board Members 5
Officer
$0 $0 $0
Nguyen Quang - Minh Van Tran Board Members 5
Officer
$0 $0 $0
Nguyen Lac - Duong Tu Anh Board Members 1
Officer
$0 $0 $0
Thanh Hoa - Tuan Anh Pham Board Members 5
Officer
$0 $0 $0
Quang Phat - Truong Tien Dung Board Members 5
Officer
$0 $0 $0
Quang Khanh - Le Hung Khanh Board Members 5
Officer
$0 $0 $0
Quang Hanh - Thu Vinh Board Member 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 $459,542 $282,415 $2,622,294 $177,127
2024 $269,262 $211,603 $2,445,167 $57,659
2023 $303,255 $325,309 $2,387,508 $-22,054
2022 $275,237 $215,482 $2,409,562 $59,755
2021 $287,478 $136,708 $2,349,807 $150,770
2020 $201,497 $107,107 $2,207,037 $94,390
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