BOAT PEOPLE S O S INC

EIN: 900106468 501(c)(3) Human Services

Falls Church, VA

Total Revenue
$2,570,583
Total Expenses
$2,571,511
Total Assets
$2,102,506
Net Assets
$1,112,707
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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
2003
Legal Domicile
VA
Principal Officer
Nguyen Dviinh Thang
Tax Period
2023-01-01 to 2023-12-31

BOAT PEOPLE S O S INC, founded in 2003, is a community nonprofit in the Human Services sector that reported $2.6M in total revenue in fiscal year 2023. Revenue fell 57% from the prior year — a significant decline worth monitoring.

Mission

To assist Vietnamese refugees and immigrants in their search for life in liberty and dignity by empowering and organizing Vietnamese American communities in their progress towards self sufficiency.

Program Service Accomplishments

Program 1
Expenses: $2,105,964 Revenue: $2,551,616

With teams of qualified staff and passionate volunteers operating in 4 office locations across the Unites States, we empower individuals, strengthen families, and build communities through: - Direct...

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With teams of qualified staff and passionate volunteers operating in 4 office locations across the Unites States, we empower individuals, strengthen families, and build communities through: - Direct Services - Advocacy - Community Organizing and Development - Media - Research - Leadership Development.

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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 $2,144,073
Program Service Revenue $426,510
Investment Income $0
Other Revenue $0
TOTAL REVENUE $2,570,583

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,649,761
Fundraising Expenses $17,021
Program Expenses $2,105,964
Other Expenses $921,750
TOTAL EXPENSES $2,571,511

Year-over-Year Comparison

2023 2022 Change
Revenue $2,570,583 $6,022,652 -0.6%
Expenses $2,571,511 $5,105,409 -0.5%
Net Income $-928 $917,243 -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

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Governance

Voting Members
9
Independent Members
7
Employees
55
Volunteers
50

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
2
$238,829
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DR NGUYEN DINH THANG PRESIDENT AND CEO 40
Officer
$118,250 $12,255 $130,505
TRAN TRANG KHANH CHIEF OPERATING OFFICER 40
Officer
$101,250 $7,074 $108,324
Tuyet N Dinh Chair 2
Director
$0 $0 $0
Long Nguyen Treasurer 2
Director
$0 $0 $0
Kim Mai Secretaru 2
Director
$0 $0 $0
Shireen Hormozdi Legal Cousel 2
Director
$0 $0 $0
Michelle Le Board Member 0
Director
$0 $0 $0
Nga Dinh Board Member 2
Director
$0 $0 $0
Amina Fields Board Member 2
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 No data No data No data No data
2023 $2,570,583 $2,571,511 $2,102,506 $-928
2023 $6,505,505 $6,630,988 $5,765,956 $-125,483
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
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