VIETNAMESE AMERICANS SERVICES

EIN: 475530373 501(c)(3)

SILVER SPRING, MD

Total Revenue
$1,249,111
Total Expenses
$1,048,347
Total Assets
$792,228
Net Assets
$503,878
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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
2015
Legal Domicile
MD
Principal Officer
THO TRAN
Phone
3016465852
Tax Period
2023-01-01 to 2023-12-31

VIETNAMESE AMERICANS SERVICES, founded in 2015, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2023. Revenue surged 86% from the prior year, signaling strong growth momentum. The organization ran a surplus of $201K, a strong 16% operating margin.

Mission

THE MISSION OF VIETNAMESE-AMERICAN SERVICES IS TO DEVELOP PARTNERSHIPS WITH BUSINESS, SCHOOLS, FAITH COMMUNITIES AND LOCAL ORGANIZATIONS IN ORDER TO IMPROVE THE QUALITY OF LIFE FOR THE VIETNAMESE COMMUNITY AS WELL AS ASSISTING THEM TO SUCCESSFULLY ASSIMILATE INTO AMERICAN SOCIETY.

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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 $564,746
Program Service Revenue $683,375
Investment Income $990
Other Revenue $0
TOTAL REVENUE $1,249,111

Expense Breakdown

Grants Paid $0
Salaries & Benefits $589,656
Fundraising Expenses $0
Program Expenses $809,891
Other Expenses $458,691
TOTAL EXPENSES $1,048,347

Year-over-Year Comparison

2023 2022 Change
Revenue $1,249,111 $671,862 +0.9%
Expenses $1,048,347 $560,719 +0.9%
Net Income $200,764 $111,143 +0.8%
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
7
Independent Members
7
Employees
22
Volunteers
7

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
2
$64,000
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CAROL DAUGHERTY PRESIDENT 20.00
Officer Director
$0 $0 $0
NITI CRUPITI BOARD MEMBER 5.00
Director
$0 $0 $0
JOE NAM DO BOARD MEMBER 5.00
Director
$0 $0 $0
JAMES EINSIEDLER BOARD MEMBER 5.00
Director
$0 $0 $0
BEN GITTERMAN BOARD MEMBER 5.00
Director
$0 $0 $0
JOSEPH GONZALEZ BOARD MEMBER 5.00
Director
$0 $0 $0
TERI THUY PHUNG BOARD MEMBER 5.00
Director
$0 $0 $0
THO TRAN EXECUTIVE DIRECTOR 55.00
Officer
$64,000 $0 $64,000
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 $1,249,111 $1,048,347 $792,228 $200,764
2022 $671,862 $560,719 $601,694 $111,143
2021 $356,948 $314,317 $277,468 $42,631
2020 $336,403 $243,417 $190,956 $92,986
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