HMONG AMERICAN FARMERS ASSOCIATION

EIN: 460928003 501(c)(3) Food, Agriculture & Nutrition

WEST SAINT PAUL, MN

Total Revenue
$2,824,420
Total Expenses
$1,197,730
Total Assets
$8,505,183
Net Assets
$7,875,147
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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
2011
Legal Domicile
MN
Principal Officer
JANSSEN HANG
Phone
6514938091
Tax Period
2023-01-01 to 2023-12-31

HMONG AMERICAN FARMERS ASSOCIATION, founded in 2011, is a community nonprofit in the Food, Agriculture & Nutrition sector that reported $2.8M in total revenue in fiscal year 2023. Revenue fell 33% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $1.6M, a strong 58% operating margin.

Mission

TO ADVANCE THE ECONOMIC, SOCIAL AND CULTURAL PROSPERITY OF HMONG AMERICAN FARMERS IN MINNESOTA THROUGH ECONOMIC DEVELOPMENT, CAPACITY BUILDING, AND ADVOCACY AND RESEARCH.

Program Service Accomplishments

Program 1
Expenses: $771,644 Revenue: $192,145

THE HMONG AMERICAN FARMERS ASSOCIATION (HAFA) IS A MEMBERSHIP BASED NON-PROFIT ORGANIZATION ADVANCING ECONOMIC PROSPERITY OF HMONG FARMERS THROUGH CAPACITY BUILDING, STRATEGIC PARTNERSHIPS...

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THE HMONG AMERICAN FARMERS ASSOCIATION (HAFA) IS A MEMBERSHIP BASED NON-PROFIT ORGANIZATION ADVANCING ECONOMIC PROSPERITY OF HMONG FARMERS THROUGH CAPACITY BUILDING, STRATEGIC PARTNERSHIPS, COOPERATIVE ENDEAVORS, COMMUNITY ENGAGEMENT AND ADVOCACY. HAFA FOCUSED ITS WORK IN FOUR AREAS; LAND ACCESS MANAGEMENT OF A 155 ACRE FARM IN DAKOTA COUNTY PROVIDING LAND TENURE AND INNOVATIVE SUSTAINABLE FARMING; FINANCIAL ASSISTANCE - TRAINING FARMERS ON FARM FINANCIALS, BUSINESS PLANS AND LOAN ACCESS; TRAINING-PROVIDE BI-LINGUAL BI-CULTURAL TRAINING ON WHOLE FARM PLANS, SOIL HEALTH AND FERTILITY, PERENNIAL PRODUCTION, FOOD SAFETY PRACTICES AND EQUIPMENT MAINTENANCE; ALTERNATIVE MARKETS SUPPORT IN DIVERSIFYING MARKET OUTLET AND AGGREGATION OF PRODUCE FOR CONTRACTS AND COMMUNITY SUPPORT AGRICULTURE (CSA) PROGRAM.

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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 $2,457,254
Program Service Revenue $192,145
Investment Income $175,021
Other Revenue $0
TOTAL REVENUE $2,824,420

Expense Breakdown

Grants Paid $31,418
Salaries & Benefits $574,181
Fundraising Expenses $56,612
Program Expenses $771,644
Other Expenses $554,788
TOTAL EXPENSES $1,197,730

Year-over-Year Comparison

2023 2022 Change
Revenue $2,824,420 $4,207,164 -0.3%
Expenses $1,197,730 $1,565,643 -0.2%
Net Income $1,626,690 $2,641,521 -0.4%
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
8
Independent Members
7
Employees
16
Volunteers
160

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
4
$176,564
Total Directors
8
$176,564
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
EVA SONG MARGOLIS BOARD CHAIR 1.00
Officer Director
$0 $0 $0
LILIAN HANG TREASURER 1.00
Officer Director
$0 $0 $0
MARGE HIGGINS SECRETARY 1.00
Officer Director
$0 $0 $0
XENG THAO DIRECTOR 1.00
Director
$0 $0 $0
SHIRLEY YANG DIRECTOR 1.00
Director
$0 $0 $0
YOLANDA COTTERALL DIRECTOR 1.00
Director
$0 $0 $0
JANSSEN HANG EXECUTIVE DIRECTOR 40.00
Officer Director
$154,164 $22,400 $176,564
LIZ JOHNSON 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 $2,824,420 $1,197,730 $8,505,183 $1,626,690
2022 $4,207,164 $1,565,643 $6,860,882 $2,641,521
2021 $2,076,781 $1,171,493 $4,027,762 $905,288
2020 $2,535,566 $1,156,894 $3,068,954 $1,378,672
2019 $708,993 $953,132 $1,638,467 $-244,139
2018 $1,365,781 $1,403,902 $1,831,930 $-38,121
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