Song Community Development Corporation (EIN 872962186) - 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

2021

Legal Domicile

Phone

5042332313

Tax Period

2023-07-01 to 2024-06-30

Song Community Development Corporation, founded in 2021, is a small nonprofit that reported $797K in total revenue in fiscal year 2023. Revenue decreased 17% compared to the prior year.

Mission

The Organization is rooted in the Vietnamese American experience of New Orleans East and pursues the full liberation of Black and Indigenous people, and People of Color BIPOC accross all intersectional identities to improve the quality of life of residents in Southern Louisiana. Together with community partners, the Organization's justice work encompasses health, climate, food, education, education, housing, workforce as well as the culture and the arts.

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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 (2023)

Revenue Breakdown

Contributions & Grants $750,272

Program Service Revenue $0

Investment Income $0

Other Revenue $47,016

TOTAL REVENUE $797,288

Expense Breakdown

Grants Paid $10,000

Salaries & Benefits $457,956

Fundraising Expenses $21,469

Program Expenses $511,242

Other Expenses $326,227

TOTAL EXPENSES $794,183

Year-over-Year Comparison

	2023	2022	Change
Revenue	$797,288	$962,583	-0.2%
Expenses	$794,183	$631,206	+0.3%
Net Income	$3,105	$331,377	-1.0%

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

N/A

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

$212,415

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Khai Nguyen	Co-Executive Dir.	40.00	Officer	$99,143	$7,065	$106,208
Tap Bui	Co-Executive Dir.	40.00	Officer	$98,448	$7,759	$106,207
Fr Luke Nguyen	Chairman	2.00	Officer Director	$0	$0	$0
Daesy Behrhorst	Vice-Chairman	2.00	Officer Director	$0	$0	$0
Edwin Hadley Jr	Secretary	2.00	Officer Director	$0	$0	$0
Mai Dang	Director	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
2025	No data	No data	No data	No data
2024	$797,288	$794,183	$430,963	$3,105
2023	$1,396,410	$676,708	$822,591	$719,702
2023	$962,583	$631,206	$462,941	$331,377
2022	$235,000	$184,991	$56,058	$50,009

Song Community Development Corporation