VIETNAMESE AMERICAN FOR MUTUAL ASSISTANCE AND SERVICE INC

EIN: 841664858 501(c)(3) Human Services

Garland, TX

Total Revenue
$209,710
Total Expenses
$214,988
Total Assets
$386,047
Net Assets
$386,047
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Financial Trends

Organization Details

Formation Year
2004
Legal Domicile
TX
Phone
9722769933
Tax Period
2024-01-01 to 2024-12-31

VIETNAMESE AMERICAN FOR MUTUAL ASSISTANCE AND SERVICE INC, founded in 2004, is a small nonprofit in the Human Services sector that reported $210K in total revenue in fiscal year 2024. Revenue decreased 5% compared to the prior year.

Mission

Public charity and community services

Program Service Accomplishments

Program 1
Expenses: $147,426 Revenue: $155,186

Provided financial assistance for funeral expenses to 22 of 832 dues paying members of this mutual assistance program

Program 2
Expenses: $54,962 Revenue: $34,065

Provided services to the DFW communities such as distribute PAN food boxes through memberships dues and donations for VAMAS members and people from the public communities; provided for members yearly...

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Provided services to the DFW communities such as distribute PAN food boxes through memberships dues and donations for VAMAS members and people from the public communities; provided for members yearly picnic and new year celebration / monthly meetings where attending members are provided free lunch / weekly gathering place where free tea/coffees are provided and can get info on health care benefits programs. Celebrated 20th anniversary in service with 400 members with dinner and entertainment.

Program 3
Expenses: $12,600 Revenue: $9,000

Taught Vietnamese language and promote cultural activities to about 75 children and Vietnamese-American adults at Dallas Community College - Richardson facility. Expenses are for books, special...

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Taught Vietnamese language and promote cultural activities to about 75 children and Vietnamese-American adults at Dallas Community College - Richardson facility. Expenses are for books, special events - lunar new year celebration supplies, rent facility, and advertisement.

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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 (2024)

Revenue Breakdown

Contributions & Grants $20,459
Program Service Revenue $189,251
Investment Income $0
Other Revenue $0
TOTAL REVENUE $209,710

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $214,988
Other Expenses $41,650
TOTAL EXPENSES $214,988

Year-over-Year Comparison

2024 2023 Change
Revenue $209,710 $221,209 -0.1%
Expenses $214,988 $222,024 0.0%
Net Income $-5,278 $-815 +5.5%
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

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Governance

Voting Members
5
Independent Members
5
Employees
N/A
Volunteers
30

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
0
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Linda Trang DO Director of PR, Social and Health Services 2
Director
$0 $0 $0
Dan Dao Director of Education 1
Director
$0 $0 $0
Dziem Nguyen Vice Chairman 2
Director
$0 $0 $0
Dich G HoANG Chairman 8
Director
$0 $0 $0
Hoa Q Nguyen Treasurer/Secretary 6
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 $209,710 $214,988 $386,047 $-5,278
2023 $221,209 $222,024 $433,221 $-815
2022 $303,361 $289,219 $434,035 $14,142
2021 $393,050 $318,664 $407,532 $74,386
2020 $335,946 $285,526 $333,146 $50,420
2019 $295,443 $232,206 $282,700 $63,237
2018 $222,856 $172,021 $219,465 $50,835
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