MARYLAND VIETNAMESE MUTUAL ASSOCIATION (EIN 521263654) - 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

1981

Legal Domicile

Principal Officer

Hoan Dang

Phone

3015886862

Tax Period

2024-07-01 to 2025-06-30

MARYLAND VIETNAMESE MUTUAL ASSOCIATION, founded in 1981, is a small nonprofit that reported $588K in total revenue in fiscal year 2024. Revenue surged 73% from the prior year, signaling strong growth momentum. Expenses of $560K left a modest 5% surplus.

Mission

The Maryland Vietnamese Mutual Association (MVMA) is dedicated to advancing the Vietnamese American community in the Washington Metropolitan area through direct services, advocacy, and education.

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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 $553,886

Program Service Revenue $12,477

Investment Income $6,326

Other Revenue $15,216

TOTAL REVENUE $587,905

Expense Breakdown

Grants Paid $4,000

Salaries & Benefits $185,496

Fundraising Expenses $6,466

Program Expenses $489,313

Other Expenses $370,576

TOTAL EXPENSES $560,072

Year-over-Year Comparison

	2024	2023	Change
Revenue	$587,905	$340,280	+0.7%
Expenses	$560,072	$360,345	+0.6%
Net Income	$27,833	$-20,065	-2.4%

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

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

$79,158

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Thao Bui	Executive Director thru Mar 2025	40.00	Officer	$53,887	$3,396	$57,283
Robert Riley	Executive Director started Mar. 2025	40.00	Officer	$0	$21,875	$21,875
Thanhphong Le	Board Member	0.50	Director	$0	$0	$0
Tran Chau Le	Board Member	0.50	Director	$0	$0	$0
LePhan Tran	Board Member	0.50	Director	$0	$0	$0
Tuyet Tran	Board Member	0.50	Director	$0	$0	$0
Anna Vu	President	0.50	Officer Director	$0	$0	$0
Tung Bui	Vice-President - Internal Affairs	1.00	Officer Director	$0	$0	$0
My Truong	Vice-President - External Affairs	0.50	Officer Director	$0	$0	$0
Wilbur Friedman	Secretary	1.00	Officer Director	$0	$0	$0
Hoan Dang	Treasurer	N/A	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	$587,905	$560,072	$358,864	$27,833
2024	No data	No data	No data	No data
2023	$274,951	$246,713	$328,482	$28,238

MARYLAND VIETNAMESE MUTUAL ASSOCIATION