THE VO VI FRIENDSHIP ASSOCIATION IN WASHINGTON

EIN: 911353530 501(c)(3) Health Care

Olympia, WA

Total Revenue
$86,261
Total Expenses
$41,974
Total Assets
$86,296
Net Assets
$86,296
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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
1986
Legal Domicile
WA
Tax Period
2022-01-01 to 2022-12-31

THE VO VI FRIENDSHIP ASSOCIATION IN WASHINGTON, founded in 1986, is a micro nonprofit in the Health Care sector that reported $86K in total revenue in fiscal year 2022. The organization ran a surplus of $44K, a strong 51% operating margin.

Mission

Public charity

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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 (2022)

Revenue Breakdown

Contributions & Grants $86,252
Program Service Revenue $0
Investment Income $9
Other Revenue $0
TOTAL REVENUE $86,261

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $41,974
Other Expenses $41,974
TOTAL EXPENSES $41,974

Year-over-Year Comparison

2022 2021 Change
Revenue $86,261 $86,252 +0.0%
Expenses $41,974 $41,974 N/A
Net Income $44,287 $44,278 +0.0%
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
5
Independent Members
5
Employees
N/A
Volunteers
5

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
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CAN DU VICE PRESIDENT INTERNAL AFFAI 0.00
Director
$0 $0 $0
KHANH HOANG GENERAL SECRETARY 0.00
Director
$0 $0 $0
DR STEVEN NGUYEN VICE PRESIDENT AND CFOI 0.00
Director
$0 $0 $0
PHU VUONG PRESIDENT 0.00
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
2022 $86,261 $41,974 $86,296 $44,287
2021 $39,808 $19,174 $86,073 $20,634
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