HMONG AMERICAN PARTNERSHIP

EIN: 411667580 501(c)(3) Employment

SAINT PAUL, MN

Total Revenue
$19,628,823
Total Expenses
$13,519,336
Total Assets
$27,196,897
Net Assets
$15,544,309
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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
1991
Legal Domicile
MN
Principal Officer
MAY YER THAO
Phone
6514951644
Tax Period
2023-01-01 to 2023-12-31

HMONG AMERICAN PARTNERSHIP, founded in 1991, is a mid-sized nonprofit in the Employment sector that reported $19.6M in total revenue in fiscal year 2023. Revenue surged 34% from the prior year, signaling strong growth momentum. The organization ran a surplus of $6.1M, a strong 31% operating margin.

Mission

TO EMPOWER THE COMMUNITY TO EMBRACE THE STRENGTHS OF OUR CULTURES WHILE ACHIEVING OUR POTENTIAL.

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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 (2023)

Revenue Breakdown

Contributions & Grants $11,503,266
Program Service Revenue $7,745,087
Investment Income $270,233
Other Revenue $110,237
TOTAL REVENUE $19,628,823

Expense Breakdown

Grants Paid $201,017
Salaries & Benefits $6,494,122
Fundraising Expenses $304,038
Program Expenses $10,919,403
Other Expenses $6,824,197
TOTAL EXPENSES $13,519,336

Year-over-Year Comparison

2023 2022 Change
Revenue $19,628,823 $14,633,664 +0.3%
Expenses $13,519,336 $14,686,257 -0.1%
Net Income $6,109,487 $-52,593 -117.2%
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
6
Independent Members
6
Employees
135
Volunteers
7

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
$479,894
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MAY YER THAO PRESIDENT & 50.00
Officer
$245,000 $25,680 $270,680
REONA VANG CFO 50.00
Officer
$195,212 $14,002 $209,214
MAI LOR LEE CHAIR 1.00
Officer Director
$0 $0 $0
ADEEL Z LARI TREASURER 1.00
Officer Director
$0 $0 $0
LILIAN VU INTERIM SECR 1.00
Officer Director
$0 $0 $0
JASON PURDUE DIRECTOR 1.00
Director
$0 $0 $0
MARTHAND NOOKALA DIRECTOR 1.00
Director
$0 $0 $0
LAUREN HESS DIRECTOR 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 $19,628,823 $13,519,336 $27,196,897 $6,109,487
2022 $14,633,664 $14,686,257 $21,961,640 $-52,593
2021 $12,199,212 $11,352,825 $22,942,543 $846,387
2020 $12,490,291 $10,293,854 $23,034,222 $2,196,437
2019 $13,968,512 $12,599,502 $12,383,598 $1,369,010
2018 $13,126,244 $13,344,032 $11,595,301 $-217,788
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