Vietnamese Minnesotans Association
Nonprofit profile at a glance
- EIN
- 411786630
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024
- Location
- St Paul, MN, USA
- Phone
- 6517447561
- Rating
- 82
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Employment Procurement Assistance
Reported finances
- Revenue
- $2,189,504
- Expenses
- $2,229,151
- Assets
- $605,418
- Liabilities
- $33,540
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
5 people listed
Executive titles in this filing
- Trinh Tranberg (President)
- Stephanie Waite Tranberg (Executive Director)
Highest reported compensation
- Stephanie Waite Tranberg (Executive Director): $93,692 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The main purpose of the Vietnamese Minnesotans Association (VMA) is to promote self-sufficiency and well being of Southeast Asians, particularly Vietnamese and their integration into the American society. Furthermore, VMA, a non-profit organization, seeks to promote unity among Asian communities in Minnesota. This agency is dedicated to serve Southeast Asians in the state of Minnesota.
What it reported doing in 2024
The VMA understands the importance of family, which is a value that runs through many cultures. We also believe in respecting and caring for the elderly, which is why the VMA focuses on PCA and Homecare services. We specialize in helping families provide PCA and homemaking services to their eligible family members. In 2024 VMA has hired many new personal care assistance staff and took on many new clients.
Operating model
- Revenue model
- Earned-program. 100% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 99% 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: 80
- Transparency & Controls: 91
- Accountability: 80
- Sustainability: 30
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 89.9%; rating input score 90
- Program expense ratio: 88.6%; rating input score 89
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: 95.4%; rating input score 95; 30th percentile among comparable filings
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 75%; rating input score 75; 13th percentile among comparable filings
- Governance controls: 7 of 8 controls in place; rating input score 88
- Conflict-of-interest policy: Fail
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -1.8%; rating input score 27; 27th percentile among comparable filings
- Total-asset coverage ratio: 0.27; rating input score 8; 8th percentile among comparable filings
- Liabilities to assets ratio: 0.06; rating input score 69; 69th percentile among comparable filings
- Officer compensation ratio: 4.2%; rating input score 59; 59th percentile among comparable filings
Growth
- Program expense growth: 14.6% per year; rating input score 100; 77th percentile among comparable filings
- Revenue growth: 14.3% per year; rating input score 100; 80th percentile among comparable filings
- Asset growth: 16.3% per year; rating input score 100; 77th percentile among comparable filings
Details
- Where the money goes: 89.9% of revenue deployed · 88.6% of spending went to programs
- Governance: 3 of 4 board members independent · 7 of 8 filing controls reported
- Programs: 2 filed program accomplishments · $2M in reported program spending
- Leadership: top reported pay $94K · 5 people listed
- Consistency: 28 of 28 current checks pass
- Schedules: 5 filed schedules · includes grants
- Filing history: 14 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- Related organizations: 1 filed related-organization link
- 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.
- High — Sustainability: Operating margin scored 27/100.
- High — Sustainability: Total-asset coverage ratio scored 8/100.
- Review — Accountability: Governance controls: Conflict-of-interest policy not reported.
- Review — Sustainability: Officer compensation ratio scored 59/100.