IFE PHYSICAL THERAPY ALUMNI ASSOC I

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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

2011

Legal Domicile

Principal Officer

OLUTOYIN AYOOLA

Tax Period

2023-01-01 to 2023-12-31

IFE PHYSICAL THERAPY ALUMNI ASSOC I, founded in 2011, is a micro nonprofit in the Education sector that reported $12K in total revenue in fiscal year 2023. Revenue surged 1686% from the prior year, signaling strong growth momentum. The organization ran a surplus of $4K, a strong 33% operating margin.

Mission

CHARITABLE ORGANIZATION IN SUPPORT OF EDUCATION

Program Service Accomplishments

Program 1

Expenses: $8,435 Revenue: $12,500

TO PROMOTE THE PROFESSION OF PHYSICAL THERAPY AND PHYSICAL THERAPHY PRACTICE AND EDUCATION AND CONTRIBUTE TO THE PROFESSIONAL GROWTH AND CAREER DEVELOPMENT OF ITS MEMBERS. THIS ORGANIZATION WILL...

TO PROMOTE THE PROFESSION OF PHYSICAL THERAPY AND PHYSICAL THERAPHY PRACTICE AND EDUCATION AND CONTRIBUTE TO THE PROFESSIONAL GROWTH AND CAREER DEVELOPMENT OF ITS MEMBERS. THIS ORGANIZATION WILL PROMOTE A HIGH LEVEL OF ACADEMIC EXCELLENCE AND SCHOLARLY ACHIEVEMENT, AND WILL CELEBRATE CORE VALUES OF HUMANISTIC IDEAS, HIGH MORAL AND ETHICAL STANDARDS AND COMMUNITY SERVICE.

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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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $12,500

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $12,500

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $8,435

Other Expenses $8,435

TOTAL EXPENSES $8,435

Year-over-Year Comparison

	2023	2022	Change
Revenue	$12,500	$700	+16.9%
Expenses	$8,435	$5,591	+0.5%
Net Income	$4,065	$-4,891	-1.8%

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

N/A

Volunteers

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AKINLOYE OLUKUNGBEMI	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
ABAYOMI KUFORIJI	TREASURER	1.00	Officer Director	$0	$0	$0
ABAYOMI OLAWUYR	FINANCIAL SECRETARY	1.00	Officer	$0	$0	$0
OLUTOYIN AYOOLA	ASST TREASURER	5.00	Officer	$0	$0	$0
CLEMENT ADESINASI	PRESIDENT	1.00	Officer	$0	$0	$0
AKEEM FATOLA	ASST SECRETARY	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
2023	$12,500	$8,435	$12,235	$4,065
2022	$700	$5,591	$7,869	$-4,891
2021	$2,200	$2,416	$12,760	$-216
2020	$6,405	$1,269	$12,976	$5,136
2019	$7,490	$6,710	$7,951	$780
2018	$18,565	$15,984	$7,171	$2,581