HMONG MUSEUM OF MINNESOTA (EIN 471620897) - Form 990 Financial Analysis & Trantor Score

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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

2023

Legal Domicile

Principal Officer

MAI HUIZEL

Phone

6514283979

Tax Period

2024-07-01 to 2025-06-30

HMONG MUSEUM OF MINNESOTA, founded in 2023, is a small nonprofit in the Arts, Culture & Humanities sector that reported $211K in total revenue in fiscal year 2024. Revenue surged 25% from the prior year, signaling strong growth momentum. Expenses of $301K exceeded revenue, resulting in a 42% operating deficit.

Mission

WE ENVISION A THRIVING COMMUNITY WITH A HEIGHTENED HMONG CONCIOUSNESS. THE HMONG MUSEUM EXISTS TO RECOGNIZE AND ACKNOWLEDGE THE INTERSECTIONS OF ALL THINGS HMONG.

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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 (2024)

Revenue Breakdown

Contributions & Grants $195,772

Program Service Revenue $15,386

Investment Income $0

Other Revenue $0

TOTAL REVENUE $211,158

Expense Breakdown

Grants Paid $0

Salaries & Benefits $74,260

Fundraising Expenses $0

Program Expenses $278,405

Other Expenses $226,474

TOTAL EXPENSES $300,734

Year-over-Year Comparison

	2024	2023	Change
Revenue	$211,158	$168,359	+0.3%
Expenses	$300,734	$137,546	+1.2%
Net Income	$-89,576	$30,813	-3.9%

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

$29,714

Total Directors

$29,714

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MAI NHIA HUIZEL	EXECUTIVE DIRECTOR	10.00	Officer Director	$29,714	$0	$29,714
LILLIAN HANG	BOARD MEMBER	3.00	Director	$0	$0	$0
BILLY LOR	BOARD MEMBER	3.00	Director	$0	$0	$0
CHUAYI YANG	SECRETARY	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
2025	$211,158	$300,734	$32,786	$-89,576
2023	$80,786	$113,176	$88,497	$-32,390
2022	$83,491	$82,511	$120,875	$980
2021	$72,993	$85,938	$99,950	$-12,945
2020	$24,670	$56,334	$33,611	$-31,664

HMONG MUSEUM OF MINNESOTA