VIETNAMESE MUTUAL ASSISTANCE FUND INC (EIN 770413712) - 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

1997

Legal Domicile

Principal Officer

PHUC THAI LE

Phone

4082976080

Tax Period

2023-01-01 to 2023-12-31

VIETNAMESE MUTUAL ASSISTANCE FUND INC, founded in 1997, is a small nonprofit that reported $314K in total revenue in fiscal year 2023. Expenses of $1.1M exceeded revenue, resulting in a 239% operating deficit.

Mission

TO HELP THE ELDERY SAVING MONEY FOR FUNERAL EXPENSES BY COLLECTING THEIR MONTHLY MEMBERSHIP AND DISTRIBUTE FUND TO THEIR FAMILY FOR THE FUNERAL EXPENSES WHEN THEY PASS AWAY

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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 $255,598

Program Service Revenue $0

Investment Income $17,969

Other Revenue $40,254

TOTAL REVENUE $313,821

Expense Breakdown

Grants Paid $0

Salaries & Benefits $45,898

Fundraising Expenses $0

Other Expenses $1,019,002

TOTAL EXPENSES $1,064,900

Year-over-Year Comparison

	2023	2022	Change
Revenue	$313,821	$-257,134	-2.2%
Expenses	$1,064,900	$835,525	+0.3%
Net Income	$-751,079	$-1,092,659	-0.3%

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

N/A

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

$6,000

Total Directors

$6,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PHUC THAI LE	President	20.00	Officer Director	$6,000	$0	$6,000
THANG CAO NGUYEN	Director	10.00	Director	$0	$0	$0
KHOI VAN HO	Secretary	10.00	Director	$0	$0	$0
THAI VINH LUU	Treasurer	10.00	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
2023	$313,821	$1,064,900	$63,702	$-751,079
2022	$-257,134	$835,525	$814,781	$-1,092,659
2021	$56,791	$841,321	$1,909,995	$-784,530
2020	$860,934	$822,287	$2,693,428	$38,647
2019	$655,393	$619,456	$2,655,023	$35,937
2018	$652,469	$568,894	$2,617,386	$83,575

VIETNAMESE MUTUAL ASSISTANCE FUND INC