INDOCHINESE CULTURE CENTER (EIN 742028477) - 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

1979

Legal Domicile

Principal Officer

MY-DUYEN DO

Phone

7135227799

Tax Period

2023-01-01 to 2023-12-31

INDOCHINESE CULTURE CENTER, founded in 1979, is a small nonprofit in the Human Services sector that reported $314K in total revenue in fiscal year 2023. Revenue surged 335% from the prior year, signaling strong growth momentum. Expenses of $496K exceeded revenue, resulting in a 58% operating deficit.

Mission

THE ORGANIZATION PROVIDES SERVICES TO THE COMMUNITY THROUGH VARIOUS PROGRAMS SUCH AS COMMERCIAL LEASING TO NON-PROFITS ORGANIZATIONS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $218,348

Other Revenue $95,400

TOTAL REVENUE $313,748

Expense Breakdown

Grants Paid $0

Salaries & Benefits $225,216

Fundraising Expenses $0

Program Expenses $0

Other Expenses $270,316

TOTAL EXPENSES $495,532

Year-over-Year Comparison

	2023	2022	Change
Revenue	$313,748	$72,100	+3.4%
Expenses	$495,532	$521,717	-0.1%
Net Income	$-181,784	$-449,617	-0.6%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KIET DO	DIRECTOR	10.00	Director	$0	$0	$0
PHUNG DONG	DIRECTOR	10.00	Director	$0	$0	$0
LOC VAN HOANG	DIRECTOR	10.00	Director	$0	$0	$0
JOSEPH C DO	CEO	60.00	Officer Key Emp	$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	No data	No data	No data	No data
2023	$313,748	$495,532	$2,899,022	$-181,784
2022	$72,100	$521,717	$3,681,597	$-449,617
2021	$263,785	$474,979	$3,714,573	$-211,194
2020	$332,950	$462,501	$3,647,247	$-129,551

INDOCHINESE CULTURE CENTER