Falls Church, VA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)Teo Chew Association of Greater Washington Inc, founded in 1996, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $86K in total revenue in fiscal year 2024. Expenses of $118K exceeded revenue, resulting in a 37% operating deficit.
STATEMENT OF PROGRAM ACCOMPLISHMENTSThe Organization's primary purposes are:The Teo Chew Association provides assistance to members and their relatives toovercome any form of language problem that hinders the personal welfare of the person or family.Assistance will include security housing and understanding any and all legal andcontractual obligations including taxes, utilities, repairs, etc. Assistance willinclude the process of US citizenship application, employment and transportaion. Anopportunity for spiritual worship will also be provided.The affairs of the elderly will be an integral part of the Organization's outreachand will include the monitoring of individuals living above and providingtransportation and the necessities of life for the elderly and disabled.Specific educational outreach will include: holding English classes for any who wishta attend and also holding Chinese language classes to improve family communication.Teaching will be employed to preserve and provide the Teo Chew culture such as drama,music and art.The Organization will sponsor various festivals with the purpose of enhancingrelations with the outside community. The Organization had the following activitiesin 2017:Form 990, Part I, Line 1 - Organization Mission or Significant Activities1. Gather the 1st and 15th of each Chinese calendar month for prayer and gettogether.2. Hold Chinese New Year celebration and major Chinese religious holidaysthroughout the year.3. Organize St. Quang Thanh De Quan birthday festivities in the summer.4. Organize and gather for Full Moon Festival and celebration in September.5. Attend funerals of deceased members of the Organization.Form 990, Part Ill, Line 1 - Organization MissionSTATEMENT OF PROGRAM SERVICE ACCOMPLISHMENTSThe Organization's primary purposes are:The Teo Chew Association provides assistance to members and their relatives toovercome any form of language problem that hinders the personal welfare of theperson or family.Assistance will include security housing and understanding any and all legal andcontractual obligations including taxes, utilities, repairs, etc. Assistance willinclude the process of US citizenship application, employment and transportaion. Anopportunity for spiritual worship will also be provided.The affairs of the elderly will be an integral part of the Organization's outreachand will include the monitoring of individuals living above and providingtransportation and the necessities of life for the elderly and disabled.Specific educational outreach will include: holding English classes for any who wish to attend and also holding Chinese language classes to improve family communication. Teaching will be employed to preserve and provide the Teo Chew culture such as drama, music and art.The Organization will sponsor various festivals with the purpose of enhancingrelations with the outside community. The Organization had the following activitiesin 2019:1. Gather the 1st and 15th of each Chinese calendar month for prayer and gettogether.2. Hold Chinese New Year celebration and major Chinese religious holidaysthroughout the year.3. Organize St. Quang Thanh De Quan birthday festivities in the summer.4. Organize and gather for Full Moon Festival and celebration in September.5. Attend funerals of deceased members of the Organization.
Bi-Weekly Prayer Services
The association donated to the poor and needy. It demonstrated the commitment to its members. It also encouraged other members to help those who are in need.
Chinese New Year Celebration
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $86,043 | $85,660 | +0.0% |
| Expenses | $118,043 | $67,953 | +0.7% |
| Net Income | $-32,000 | $17,707 | -2.8% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Hai Thanh Ngo | Director | 2.00 |
Director
|
$0 | $0 | $0 |
| Le Hourly | Director | 2.00 |
Director
|
$0 | $0 | $0 |
| Khoa Du Lieu | Director | 2.00 |
Director
|
$0 | $0 | $0 |
| Hoa Tran | Vice President | 2.00 |
Officer
|
$0 | $0 | $0 |
| Linh Huynh | President | 15.00 |
Officer
|
$0 | $0 | $0 |
| Van B Lieu | Treasurer | 2.00 |
Officer
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $86,043 | $118,043 | $1,379,805 | $-32,000 |
| 2023 | $85,660 | $67,953 | $1,380,745 | $17,707 |
| 2022 | $167,594 | $40,638 | $1,363,038 | $126,956 |
| 2021 | $74,814 | $21,294 | $1,236,082 | $53,520 |
| 2020 | $46,440 | $24,815 | $1,186,762 | $21,625 |
| 2019 | $103,036 | $48,565 | $1,177,137 | $54,471 |
| 2018 | $102,508 | $54,168 | $1,134,666 | $48,340 |
| 2018 | $102,508 | $54,168 | $1,134,666 | $48,340 |
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