VIETNAM UNITED FC

EIN: 813562126 501(c)(3) Recreation & Sports

GARLAND, TX

Total Revenue
$122,966
Total Expenses
$105,406
Total Assets
$34,092
Net Assets
$33,137
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2016
Legal Domicile
TX
Principal Officer
JIMMY NGUYEN
Phone
9729780369
Tax Period
2023-01-01 to 2023-12-31

VIETNAM UNITED FC, founded in 2016, is a small nonprofit in the Recreation & Sports sector that reported $123K in total revenue in fiscal year 2023. Revenue surged 30% from the prior year, signaling strong growth momentum. Expenses of $105K left a modest 14% surplus.

Mission

TO ADVOCATE FOR INCREASED ASIAN AMERICAN PARTICIPATION IN SOCCER FOR HEALTH AND WELLNESS, CREATING RELATIONSHIPS WITHIN THE FOOTBALL CLUB AND PROVIDING COMMUNITY SUPPORT AND COMRADERY. TO ENCOURAGE MORE ASIAN AMERICANS TO PARTICIPATE IN LOCAL, SOCIAL, AND CIVIC OUTREACH PROGRAMS THAT HELP INCREASE COMMUNITY AWARENESS, IMPROVE ASIAN AMERICAN REPRESENTATION, AND ENHANCE THE QUALITY OF LIFE.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $58,550
Program Service Revenue $94,493
Investment Income $0
Other Revenue $-30,077
TOTAL REVENUE $122,966

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $3,359
Program Expenses $97,343
Other Expenses $105,406
TOTAL EXPENSES $105,406

Year-over-Year Comparison

2023 2022 Change
Revenue $122,966 $94,855 +0.3%
Expenses $105,406 $89,763 +0.2%
Net Income $17,560 $5,092 +2.4%
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

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Liquidity & Cash Position

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Governance

Voting Members
16
Independent Members
16
Employees
N/A
Volunteers
100

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
4
$0
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JIMMY NGUYEN PRESIDENT 20.00
Officer
$0 $0 $0
THAI NGUYEN PRESIDENT 20.00
Officer
$0 $0 $0
HAI DANG TRAN VICE PRESIDE 15.00
Officer
$0 $0 $0
JOHN NGUYEN SECRETARY 15.00
Officer
$0 $0 $0
DEBBIE NGUYEN TREASURER 10.00
Director
$0 $0 $0
BINH LE APPEALS CHAI 5.00
Director
$0 $0 $0
NHAT DANG DESIGN DIREC 5.00
Director
$0 $0 $0
JOHNNY PHAN SECURITY DIR 5.00
Director
$0 $0 $0
KHANH NGUYEN MEDIA DIRECT 5.00
Director
$0 $0 $0
KIEU TRAN COMMUNITY DI 5.00
Director
$0 $0 $0
CUONG TRAN YOUTH DIRECT 5.00
Director
$0 $0 $0
AN HA BOARD MEMBER 3.00
Director
$0 $0 $0
COURTNEY HOANG MARKETING DI 5.00
Director
$0 $0 $0
TIFFANY NGUYEN ACCOUNTING D 3.00
Director
$0 $0 $0
KHA DOAN BOARD MEMBER 3.00
Director
$0 $0 $0
HUY NGO BOARD MEMBER 3.00
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 $122,966 $105,406 $34,092 $17,560
2022 $94,855 $89,763 $15,577 $5,092
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