Tet in Seattle

Nonprofit profile at a glance

EIN
912111237
IRS 990-EZ coverage
2010–2025
Forms available
Form 990-EZ 2025, Form 990-N 2022
Location
Seattle, WA, USA
Rating
93
Verdict
STRONG
Rating confidence
Moderate
Sector
Cultural, Ethnic Awareness

Reported finances

Revenue
$83,325
Expenses
$82,604
Assets
$105,437

Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

9 people listed

Executive titles in this filing

  • Michelle Tran (President Executive Director)

People named in this filing

  • Michelle Tran (President Executive Director)
  • Tuyet-Nhi Vo (Secretary Associate Director)
  • Eric Tran (Treasurer)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To preserve and promote Vietnamese culture and to enrich Seattles cultural diversity through programs such as our annual Tet Lunar New Year Festival.

What it reported doing in 2025

Our organization hosted its 30th annual weekend-long Tet Lunar New Year Festival in Seattle on February 14-15 2026 attracting over 20,000 attendees. The event featured traditional entertainment a health clinic childrens programs educational activities art exhibits and booths from local Asian-owned businesses offering Vietnamese cuisine and cultural products showcasing Vietnamese culture to the broader community.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 92
  • Transparency & Controls: 100
  • Sustainability: 44
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 92.2%; rating input score 92
  • Program expense ratio: 93%; rating input score 93

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: 0.9%; rating input score 46; 46th percentile among comparable filings
  • Total-asset coverage ratio: 1.28; rating input score 54; 54th percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: 3.7% per year; rating input score 100; 58th percentile among comparable filings
  • Revenue growth: 4.6% per year; rating input score 100; 68th percentile among comparable filings
  • Asset growth: 5.2% per year; rating input score 100; 57th percentile among comparable filings

Details

  • Where the money goes: 92.2% of revenue deployed · 93% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $77K in reported program spending
  • Leadership: top reported pay $0 · 9 people listed
  • Consistency: 7 of 7 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 5 filing years from 2010 to 2025
  • Contacts: How to reach this organization
  • Money network: Resolved incoming and outgoing counterparties from filed money flows.
  • Related organizations: Filed and resolved organization relationships.
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Sustainability: Operating margin scored 46/100.
  • Review — Sustainability: Total-asset coverage ratio scored 54/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.