Mekong Inc (EIN 800834777) - 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

2011

Legal Domicile

Principal Officer

Socheatta Meng

Phone

3479189220

Tax Period

2024-01-01 to 2024-12-31

Mekong Inc, founded in 2011, is a community nonprofit in the Human Services sector that reported $1.3M in total revenue in fiscal year 2024. Revenue decreased 15% compared to the prior year.

Mission

The Organization aims to improve the quality of life of the Southeast Asian community in the Bronx and throughout New York City by achieving equity through community organizing and healing, promoting arts and languages.

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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 $1,309,948

Program Service Revenue $0

Investment Income $963

Other Revenue $0

TOTAL REVENUE $1,310,911

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,038,609

Fundraising Expenses $94,690

Program Expenses $1,076,572

Other Expenses $247,848

TOTAL EXPENSES $1,286,457

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,310,911	$1,550,659	-0.2%
Expenses	$1,286,457	$1,528,159	-0.2%
Net Income	$24,454	$22,500	+0.1%

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

$101,617

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Socheatta Meng	Executive Director	40.00	Officer	$95,113	$6,504	$101,617
Vang Sahra	Treasurer	2.00	Director	$0	$0	$0
Jenny Nguyen	Board member	2.00	Director	$0	$0	$0
Caryolyn Tran	Chairperson	2.00	Director	$0	$0	$0
Nhan Thanh Ngo	Board member	2.00	Director	$0	$0	$0
Jeehae Fischer	Board member	2.00	Director	$0	$0	$0
My Le	Board member	2.00	Director	$0	$0	$0
LoAnn Nguyen	Board member	2.00	Director	$0	$0	$0
Joyce Wong	Board Member	2.00	Director	$0	$0	$0
Seng Peng	Secretary	2.00	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
2024	$1,310,911	$1,286,457	$855,034	$24,454
2023	$1,550,659	$1,528,159	$898,480	$22,500
2022	$1,466,017	$1,590,366	$827,732	$-124,349
2021	$1,681,711	$1,147,419	$944,087	$534,292
2020	$1,079,345	$839,898	$414,581	$239,447

Mekong Inc