Vietnamese Initiatives in Economic Train (EIN 721496796) - 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

2001

Legal Domicile

Principal Officer

Ms Alexis Nguyen-Cloud

Phone

5042550400

Tax Period

2024-01-01 to 2024-12-31

Vietnamese Initiatives in Economic Train, founded in 2001, is a small nonprofit in the Community Improvement sector that reported $658K in total revenue in fiscal year 2024. Revenue surged 70% from the prior year, signaling strong growth momentum. The organization ran a surplus of $140K, a strong 21% operating margin.

Mission

VIETNAMESE INITIATIVES IN ECONOMIC TRAINING WORKS TO DEVELOP EDUCATIONAL AND ECONOMIS TRAINING PROGRAMS, AND ACTS AS A RESOURCE CENTER FOR MINORITY RESIDENTS IN LOUISIANA.

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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 $621,705

Program Service Revenue $36,697

Investment Income $0

Other Revenue $0

TOTAL REVENUE $658,402

Expense Breakdown

Grants Paid $0

Salaries & Benefits $261,375

Fundraising Expenses $0

Program Expenses $232,737

Other Expenses $257,436

TOTAL EXPENSES $518,811

Year-over-Year Comparison

	2024	2023	Change
Revenue	$658,402	$387,032	+0.7%
Expenses	$518,811	$405,406	+0.3%
Net Income	$139,591	$-18,374	-8.6%

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

N/A

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

$17,412

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Lang Le	Executive Director	40.00		$42,840	$0	$42,840
Alexis Nguyen-Cloud	Executive Dir.	40.00	Officer	$17,412	$0	$17,412
Diane Schnell	Board Member	0.00	Director	$0	$0	$0
Terrie Guerin	Chairperson	0.00	Director	$0	$0	$0
Elizabeth Pham	Board member	0.00	Director	$0	$0	$0
Kelly Geribigny-Warren	Board member	0.00	Director	$0	$0	$0
Samantha Tran	Secretary	0.00	Director	$0	$0	$0
Tu Lan Hoang	Board member	0.00	Director	$0	$0	$0
Cyndi Nguyen	Grant writer	0.00	Officer	$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
2024	$658,402	$518,811	$337,439	$139,591
2023	$387,032	$405,406	$269,904	$-18,374
2022	$418,727	$329,316	$255,821	$89,411
2021	$442,632	$398,104	$199,192	$44,528
2020	$336,276	$325,717	$165,042	$10,559
2019	$412,513	$368,613	$199,551	$43,900

Vietnamese Initiatives in Economic Train