VietBay Inc (EIN 832887496) - 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

2018

Legal Domicile

Phone

7816904302

Tax Period

2024-01-01 to 2024-12-31

VietBay Inc, founded in 2018, is a small nonprofit in the Arts, Culture & Humanities sector that reported $297K in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. The organization ran a surplus of $84K, a strong 28% operating margin.

Mission

To empower Vietnamese communities through cultural celebration, strategic partnerships, and vital philanthropic relief locally and abroad.

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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 $297,162

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $297,162

Expense Breakdown

Grants Paid $211,623

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $213,473

Other Expenses $1,850

TOTAL EXPENSES $213,473

Year-over-Year Comparison

	2024	2023	Change
Revenue	$297,162	$264,709	+0.1%
Expenses	$213,473	$146,421	+0.5%
Net Income	$83,689	$118,288	-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

Employees

N/A

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
Minh Do	President	2.00	Officer	$0	$0	$0
Duc Ha	Secretary	2.00	Officer	$0	$0	$0
Trang Le	Treasurer	2.00	Officer	$0	$0	$0
Binh Le	Vice-President	2.00	Officer	$0	$0	$0
Thai Duong	Vice-President	2.00	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
2025	No data	No data	No data	No data
2024	$297,162	$213,473	$242,306	$83,689
2023	$264,709	$146,421	$158,617	$118,288
2022	$400,078	$480,535	$40,329	$-80,457
2021	$1,162,978	$1,069,097	$120,786	$93,881

VietBay Inc