BOAT PEOPLE SOS INC (EIN 900106468) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1991

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

BOAT PEOPLE SOS INC, founded in 1991, is a community nonprofit in the Human Services sector that reported $3.5M in total revenue in fiscal year 2020. Expenses of $3.3M left a modest 5% surplus.

Mission

TO ASSIST VIETNAMESE REFUGEES AND IMMIGRANTS IN THEIR SEARCH FOR A LIFE OF LIBERTY AND DIGNITY BY EMPOWERING AND ORGANIZING VIETNAMESE AMERICAN COMMUNITIES, HELPING THEM PROGRESS TOWARD SELF-SUFFICIENCY.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $3,663,858

Program Service Revenue $2,841,647

Investment Income $0

Other Revenue $0

TOTAL REVENUE $6,505,505

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,660,989

Fundraising Expenses $18,309

Program Expenses $5,328,506

Other Expenses $2,969,999

TOTAL EXPENSES $6,630,988

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,505,505	$6,022,652	+0.1%
Expenses	$6,630,988	$5,105,409	+0.3%
Net Income	$-125,483	$917,243	-1.1%

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

165

Volunteers

280

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

$121,000

Total Directors

Key Employees

$104,000

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR NGUYEN DINH THANG	PRESIDENT AND CEO	40.00	Officer	$121,000	$0	$121,000
TRAN TRANG KHANH	CHIEF OPERATING OFFICER	40.00	Key Emp	$104,000	$0	$104,000

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	No data	No data	No data	No data
2023	$6,505,505	$6,630,988	$5,765,956	$-125,483
2023	$2,570,583	$2,571,511	$2,102,506	$-928
2022	$6,022,652	$5,105,409	$4,580,767	$917,243
2021	$5,132,509	$3,999,671	$4,560,305	$1,132,838
2020	$3,532,642	$3,348,349	$3,393,397	$184,293

BOAT PEOPLE SOS INC