Vietnamese Minnesotans Association

EIN: 411786630 501(c)(3) Employment

St Paul, MN

Total Revenue
$2,189,504
Total Expenses
$2,229,151
Total Assets
$605,418
Net Assets
$571,878
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Financial Trends

Organization Details

Formation Year
1993
Legal Domicile
MN
Principal Officer
Stephanie Waite Tranberg
Phone
6517447561
Tax Period
2024-01-01 to 2024-12-31

Vietnamese Minnesotans Association, founded in 1993, is a community nonprofit in the Employment sector that reported $2.2M in total revenue in fiscal year 2024. Revenue surged 36% from the prior year, signaling strong growth momentum.

Mission

The main purpose of the Vietnamese Minnesotans Association (VMA) is to promote self-sufficiency and well being of Southeast Asians, particularly Vietnamese and their integration into the American society. Furthermore, VMA, a non-profit organization, seeks to promote unity among Asian communities in Minnesota. This agency is dedicated to serve Southeast Asians in the state of Minnesota.

Program Service Accomplishments

Program 1
Expenses: $1,975,782 Revenue: $2,182,132

The VMA understands the importance of family, which is a value that runs through many cultures. We also believe in respecting and caring for the elderly, which is why the VMA focuses on PCA and...

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The VMA understands the importance of family, which is a value that runs through many cultures. We also believe in respecting and caring for the elderly, which is why the VMA focuses on PCA and Homecare services. We specialize in helping families provide PCA and homemaking services to their eligible family members. In 2024 VMA has hired many new personal care assistance staff and took on many new clients.

Program 2

VMA was founded in 1992 with the mission to help Vietnamese immigrants assimilate to American culture. Today, the VMA serves all members of the community from all ethnic and cultural backgrounds...

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VMA was founded in 1992 with the mission to help Vietnamese immigrants assimilate to American culture. Today, the VMA serves all members of the community from all ethnic and cultural backgrounds. However, the majority of our clients are Vietnamese Americans because of our ability to communicate with them in their native language.

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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 $0
Program Service Revenue $2,182,132
Investment Income $7,372
Other Revenue $0
TOTAL REVENUE $2,189,504

Expense Breakdown

Grants Paid $15,731
Salaries & Benefits $2,108,538
Fundraising Expenses $0
Program Expenses $1,975,782
Other Expenses $104,882
TOTAL EXPENSES $2,229,151

Year-over-Year Comparison

2024 2023 Change
Revenue $2,189,504 $1,606,826 +0.4%
Expenses $2,229,151 $1,412,293 +0.6%
Net Income $-39,647 $194,533 -1.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
4
Independent Members
3
Employees
46
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
$93,692
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Trinh Tranberg President 2.00
Officer Director
$0 $0 $0
Lisa Quick Treasurer 1.00
Officer Director
$0 $0 $0
Julie Pham Board Member 1.00
Director
$0 $0 $0
Binh Luong Board Member 1.00
Director
$0 $0 $0
Stephanie Waite Tranberg Executive Director 40.00
Officer
$93,692 $0 $93,692
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 $2,189,504 $2,229,151 $605,418 $-39,647
2023 $1,606,826 $1,412,293 $634,338 $194,533
2022 $1,474,429 $1,418,610 $531,637 $55,819
2021 $1,266,148 $1,173,860 $465,538 $92,288
2020 $884,235 $953,638 $390,645 $-69,403
2019 $849,230 $845,513 $315,582 $3,717
2018 $808,238 $795,074 $311,866 $13,164
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