LAO FAMILY COMMUNITY OF MINNESOTA INC

EIN: 411434916 501(c)(3)

SAINT PAUL, MN

Total Revenue
$44,597
Total Expenses
$44,597
Total Assets
N/A
Net Assets
N/A
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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
1977
Legal Domicile
MN
Principal Officer
XUE LEE
Phone
6519787107
Tax Period
2024-01-01 to 2024-12-31

LAO FAMILY COMMUNITY OF MINNESOTA INC, founded in 1977, is a micro nonprofit that reported $45K in total revenue in fiscal year 2024. Revenue surged 65% from the prior year, signaling strong growth momentum.

Mission

FACILTATE AND PROMOTE THE SUCCESS OF HMONG AMERICANS, WHILE ALSO RECOGNIZING AND SUPPORTING OTHER IMMIGRANT EDUCATIONS AND REFUGEE POPULATIONS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $44,597
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $44,597

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $44,597
TOTAL EXPENSES $44,597

Year-over-Year Comparison

2024 2023 Change
Revenue $44,597 $26,974 +0.7%
Expenses $44,597 $26,974 +0.7%
Net Income $0 N/A N/A
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
5
Independent Members
5
Employees
N/A
Volunteers
N/A

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
0
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
XUE LEE PRESIDENT N/A
Director
$0 $0 $0
DEVANTRE CHAN BOARD MEMBER N/A
Director
$0 $0 $0
KAI LEE TREASURER N/A
Director
$0 $0 $0
VINCENT VUE BOARD MEMBER N/A
Director
$0 $0 $0
FAIYENG XIONG SECRETARY N/A
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 $44,597 $44,597 No data No data
2023 $26,974 $26,974 No data No data
2022 $16,081 $16,081 No data No data
2021 $9,889 $9,889 No data No data
2020 $9,988 $9,988 No data No data
2019 $38,382 $38,382 No data No data
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