HMONG LEGACY FOUNDATION

EIN: 850693450

SAINT PAUL, MN

Total Revenue
$3
Total Expenses
$197
Total Assets
N/A
Net Assets
N/A
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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
2020
Legal Domicile
MN
Principal Officer
BAO VANG
Phone
6513249591
Tax Period
2023-05-01 to 2024-04-30

HMONG LEGACY FOUNDATION, founded in 2020, is a micro nonprofit that reported $3 in total revenue in fiscal year 2023. Revenue fell 100% from the prior year — a significant decline worth monitoring. Expenses of $197 exceeded revenue, resulting in a 6467% operating deficit.

Mission

HMONG LEGACY FOUNDATION'S (HLF) MISSION IS TO INSPIRE AND UPLIFT HMONG COMMUNITIES AROUND THE WORLD. THE ORGANIZATION'S GOALS ARE 1)TO ACT AS A VEHICLE TO ENHANCE OVERALL OPPORTUNITIES & BUSINESS INTERESTS OF MEMBERS; AND 2)TO CONTRIBUTE TO THE COMMUNITY ECONOMIC VITALITY.

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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 $0
Program Service Revenue $0
Investment Income $3
Other Revenue $0
TOTAL REVENUE $3

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $197
TOTAL EXPENSES $197

Year-over-Year Comparison

2023 2022 Change
Revenue $3 $1,699 -1.0%
Expenses $197 $820 -0.8%
Net Income $-194 $879 -1.2%
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

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Governance

Voting Members
3
Independent Members
N/A
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
1
$0
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PANG THAO BOARD OF DIR N/A
Director
$0 $0 $0
XENG XIONG BOARD OF DIR N/A
Director
$0 $0 $0
BAO VANG CEO N/A
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
2024 $3 $197 No data $-194
2023 $1,699 $820 $507,110 $879
2022 $750,024 $289,950 $4,048,056 $460,074
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