SOUTHEAST ASIAN REFUGEE COMMUNITY HOME

EIN: 411729008 501(c)(3) Employment

MINNEAPOLIS, MN

Total Revenue
$204,321
Total Expenses
$325,013
Total Assets
$300,932
Net Assets
$295,907
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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
1992
Legal Domicile
MN
Principal Officer
CHARLES BENSON
Tax Period
2023-01-01 to 2023-12-31

SOUTHEAST ASIAN REFUGEE COMMUNITY HOME, founded in 1992, is a small nonprofit in the Employment sector that reported $204K in total revenue in fiscal year 2023. Revenue fell 53% from the prior year — a significant decline worth monitoring. Expenses of $325K exceeded revenue, resulting in a 59% operating deficit.

Mission

OUR MISSION IS TO ASSIST IMMIGRANTS/REFUGEES AND THEIR DESCENDANTS TO REDUCE THE EFFECTS OF SYSTEMIC INEQUALITIES. KEY ORGANIZATIONAL GOALS INCLUDE: HELPING UNDERSTAND THE SUPPORT MECHANISMS AVAILABLE AND IMPROVING PARTICIPANTS ECONOMIC SUSTAINABILITY.

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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 $199,886
Program Service Revenue $0
Investment Income $4,208
Other Revenue $227
TOTAL REVENUE $204,321

Expense Breakdown

Grants Paid $0
Salaries & Benefits $198,997
Fundraising Expenses $0
Program Expenses $315,337
Other Expenses $126,016
TOTAL EXPENSES $325,013

Year-over-Year Comparison

2023 2022 Change
Revenue $204,321 $439,104 -0.5%
Expenses $325,013 $438,564 -0.3%
Net Income $-120,692 $540 -224.5%
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
4
Independent Members
3
Employees
4
Volunteers
5

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
3
$89,960
Total Directors
4
$89,960
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHARLES BENSON EXECUTIVE DIRECTOR 40.00
Officer Director
$89,960 $0 $89,960
KER YANG BOARD CHAIR 5.00
Director
$0 $0 $0
MARY LOU FIALA BOARD SECRETARY 5.00
Officer Director
$0 $0 $0
PUNNARIN KOI BOARD VICE CHAIRTREASURER 5.00
Officer 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
2023 $204,321 $325,013 $300,932 $-120,692
2022 $439,104 $438,564 $443,668 $540
2021 $397,134 $388,347 $422,136 $8,787
2020 $555,387 $537,355 $420,362 $18,032
2019 $417,157 $406,606 $409,302 $10,551
2018 $532,573 $430,907 $392,700 $101,666
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