BOAT PEOPLE SOS -HOUSTON

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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

Tax Period

2023-01-01 to 2023-12-31

BOAT PEOPLE SOS -HOUSTON, founded in 1991, is a community nonprofit in the Human Services sector that reported $1.8M in total revenue in fiscal year 2023.

Mission

TO PROMOTE THE INTEREST OF THE VIETNAMESE IMMIGRANTS & REFUGEES IN THE STATE OF TEXAS;PROVIDE ASSISTANCE AND SERVICES TO COMMUNITY MEMBERS.PROMOTE COOPERATION AMONG ORGANIZATIONSADVANCE PURPOSES SIMILAR TO THE ONES PURSUED BY THE ORGANIZATION

Program Service Accomplishments

Program 1

Expenses: $1,791,793 Revenue: $1,795,711

THE ORGANIZATION USED THE PROGRAM SERVICES ACCOMPLISHMENT TO ASSIST THE VIETNAMESE REFUGEES THROUGH APPLIED GRANTS FROM THE FEDERAL AND STATECONTRIBUTIONS FROM BUSINESS AND ORGANIZATIONS...

THE ORGANIZATION USED THE PROGRAM SERVICES ACCOMPLISHMENT TO ASSIST THE VIETNAMESE REFUGEES THROUGH APPLIED GRANTS FROM THE FEDERAL AND STATECONTRIBUTIONS FROM BUSINESS AND ORGANIZATIONS PRIVATE-PUBLIC FUNDRAISING

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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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,795,711

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,795,711

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,023,547

Fundraising Expenses $0

Program Expenses $1,791,793

Other Expenses $768,246

TOTAL EXPENSES $1,791,793

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,795,711	$1,758,445	+0.0%
Expenses	$1,791,793	$1,562,214	+0.1%
Net Income	$3,918	$196,231	-1.0%

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

Governance

Voting Members

Independent Members

Employees

Volunteers

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR NGUYEN DINH THANG	PRESIDENT AND CEO	0.00	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
2024	No data	No data	No data	No data
2023	$1,795,711	$1,791,793	$1,367,962	$3,918
2022	$1,758,445	$1,562,214	$1,009,956	$196,231
2021	$1,270,703	$1,359,945	$559,168	$-89,242
2020	$1,231,643	$1,480,030	$591,873	$-248,387
2019	$1,377,088	$1,440,633	$774,304	$-63,545
2019	$1,377,088	$1,440,633	$774,304	$-63,545
2018	$1,894,352	$1,775,981	$1,219,451	$118,371