NIGERIAN COMMUNITY IN MILWAUKEE INC (EIN 391835722) - Form 990 Financial Analysis & Trantor Score

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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

1999

Legal Domicile

Principal Officer

ISRAEL CHIMEZIE

Phone

4142319138

Tax Period

2024-01-01 to 2024-12-31

NIGERIAN COMMUNITY IN MILWAUKEE INC, founded in 1999, is a small nonprofit in the Community Improvement sector that reported $142K in total revenue in fiscal year 2024. Revenue surged 45% from the prior year, signaling strong growth momentum. The organization ran a surplus of $41K, a strong 29% operating margin.

Mission

CULTURAL EDUCATION

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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 (2024)

Revenue Breakdown

Contributions & Grants $10,775

Program Service Revenue $49,689

Investment Income $50

Other Revenue $81,778

TOTAL REVENUE $142,292

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $100,845

Other Expenses $95,845

TOTAL EXPENSES $100,845

Year-over-Year Comparison

	2024	2023	Change
Revenue	$142,292	$98,414	+0.4%
Expenses	$100,845	$67,819	+0.5%
Net Income	$41,447	$30,595	+0.4%

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

N/A

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
DIDACUS UDEOJI	PRESIDENT	2.00	Officer	$0	$0	$0
BUNMI OLAPO	VICE PRESIDE	2.00	Officer	$0	$0	$0
EMEKA AMAZU	SECRETARY	2.00	Officer	$0	$0	$0
ISRAEL CHIMEZIE	TREASURER	4.00	Officer	$0	$0	$0
TAYO ADERUGBO	FINANCIAL SE	4.00	Officer	$0	$0	$0
RAYMOND UNANKA	PUBLICITY SE	2.00	Officer	$0	$0	$0
TOMI OLAPO	EX OFFICIO	2.00	Officer	$0	$0	$0
EDWARD DIEI	CHAIRMAN - B	2.00	Officer Director	$0	$0	$0
DAN AJIBOLA	BOARD OF DIR	2.00	Director	$0	$0	$0
THEOPHILUS IYASELE	BOARD OF DIR	2.00	Director	$0	$0	$0
CHRIS NWONYE	BOARD OF DIR	2.00	Director	$0	$0	$0
OLA OLAPO	BOARD OF DIR	2.00	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	$142,292	$100,845	$493,335	$41,447
2023	$98,414	$67,819	$491,184	$30,595
2022	$125,034	$66,680	$474,140	$58,354
2021	$99,526	$50,777	$468,433	$48,749
2020	$60,172	$29,485	$481,769	$30,687
2019	$60,490	$34,670	$398,599	$25,820
2018	$63,334	$33,906	$382,629	$29,428

NIGERIAN COMMUNITY IN MILWAUKEE INC