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)

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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.

Program Service Accomplishments

Program 1
Expenses: $104,976 Revenue: $1,946

AFFORDABLE HEALTHCARE ENROLLMENT:VAS IS THE ONLY AGENCY SERVING THE VIETNAMESE COMMUNITY THAT IS CERTIFIED BY THE MARYLAND HEALTH CONNECTION. VAS STAFF HAVE PROVIDED MORE THAN ONE THOUSAND SERVICES...

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AFFORDABLE HEALTHCARE ENROLLMENT:VAS IS THE ONLY AGENCY SERVING THE VIETNAMESE COMMUNITY THAT IS CERTIFIED BY THE MARYLAND HEALTH CONNECTION. VAS STAFF HAVE PROVIDED MORE THAN ONE THOUSAND SERVICES TO HELP VIETNAMESE COMMUNITY MEMBERS TO ENROLL IN ELIGIBLE HEALTH INSURANCE PROGRAMS.

Program 2
Expenses: $539,927 Revenue: $661,738

SENIOR LOW INCOME FAMILY ASSISTANCE: VAS HELPS TO IMPROVE THE QUALITY OF LIFE FOR SENIORS AND PEOPLE AT RISK. VAS SUPPORTS SENIORS, DISABLED PEOPLE AND LOW-INCOME FAMILIES BY PROVIDING THE FOLLOWING...

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SENIOR LOW INCOME FAMILY ASSISTANCE: VAS HELPS TO IMPROVE THE QUALITY OF LIFE FOR SENIORS AND PEOPLE AT RISK. VAS SUPPORTS SENIORS, DISABLED PEOPLE AND LOW-INCOME FAMILIES BY PROVIDING THE FOLLOWING CULTURAL/LINGUISTIC SERVICES TO ASSIST THEM WITH SOCIAL BENEFITS APPLICATIONS AND REFERRAL SERVICES, WHILE ALSO AIMING TO REDUCE ISOLATION AND LONELINESS. VAS HAVE SUPPORTED HUNDREDS OF SENIORS, PEOPLE WITH DISABILITY, AND LOW-INCOME FAMILIES. VAS WAS THE ONLY VIETNAMESE AGENCY THAT HELPED VICTIMS OF THE LONG BRANCH FIRE, MANY OF WHOM WERE SENIORS AND PEOPLE WITH DISABILITY, WITH DISASTER RELIEF. WE ALSO STARTED THE GOLDEN LOTUS CHARITY GROUP THAT INVITES COMMUNITY MEMBERS TO JOIN AS VOLUNTEERS TO PROVIDE HOME VISITING PROGRAMS TO ELDERLY WHO LIVE ALONE OR AT NURSING HOME. SINCE OCTOBER 2017, THIS SERVICE GROUP HAS VISITED MANY COMMUNITY MEMBERS FROM THE MOST VULNERABLE POPULATION. IN ORDER TO REDUCE ISOLATION & LONELINESS, VAS HOSTS MULTIPLE COMMUNITY EVENTS THROUGHOUT THE YEAR, SUCH AS THE MID-AUTUMN FESTIVAL, SENIOR EVENT, AND COMMUNITY PICNIC EVENTS.

Program 3
Expenses: $17,441 Revenue: $0

ENGLISH AS A SECOND LANGUAGE CLASS PROGRAM: VAS PROVIDES DROP-IN ENGLISH CLASSES AT NO COST TO SENIORS, NEW IMMIGRANTS, AND LOW-INCOME COMMUNITY MEMBERS. WE ALSO SERVE AS A REFERRAL SERVICE THAT...

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ENGLISH AS A SECOND LANGUAGE CLASS PROGRAM: VAS PROVIDES DROP-IN ENGLISH CLASSES AT NO COST TO SENIORS, NEW IMMIGRANTS, AND LOW-INCOME COMMUNITY MEMBERS. WE ALSO SERVE AS A REFERRAL SERVICE THAT CONNECTS OUR COMMUNITY WITH JOB OPPORTUNITIES. SINCE 2017, WE PROVIDED THOUSANDS OF HOURS OF TEACHING ENGLISH TO HUNDREDS OF STUDENTS AND HELPED MANY PEOPLE GET JOBS WITH THE DIETZ AND WATSON CORPORATION, MERIT LOGISTICS AND OTHER SMALL BUSINESSES. CLASSES SERVE LEARNERS FROM A BEGINNER LEVEL WITH A FOCUS ON DAILY LIFE CONVERSATION AS WELL AS COURSES ON TEACHING STUDENTS TO PASS THE CITIZENSHIP EXAMINATION.

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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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Liquidity & Cash Position

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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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