STUDENT OSTEOPATHIC MEDICAL ASSOCIA (EIN 421043358) - 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

2006

Legal Domicile

Principal Officer

JOSHUA CONNOR

Phone

3122028193

Tax Period

2024-06-01 to 2025-05-31

STUDENT OSTEOPATHIC MEDICAL ASSOCIA, founded in 2006, is a small nonprofit that reported $258K in total revenue in fiscal year 2024. Expenses of $287K exceeded revenue, resulting in a 11% operating deficit.

Mission

THE STUDENT OSTEOPATHIC MEDICAL ASSOCIATION (SOMA) IS THE NATION'S LARGEST NETWORK OF OSTEOPATHIC MEDICAL STUDENTS. WE ARE AN AMERICAN OSTEOPATHIC ASSOCIATION (AOA)-AFFILIATED, STUDENT-LED AND STUDENT-DRIVEN ORGANIZATION WITH DIRECT REPRESENTATION TO THE AOA. SOMA SHALL: 1.EDUCATE AND PREPARE OSTEOPATHIC LEADERS AND ADVOCATES. 2.MAINTAIN OPEN AND TRANSPARENT LINES OF COMMUNICATION TO OUR STUDENT MEMBERS AS WE CONTINUALLY ADAPT TO THE EVOLVING NEEDS OF OUR MEMBERS AND ORGANIZATION. 3.ADVANCE COLLABORATIVE RELATIONSHIPS THAT PROMOTE OSTEOPATHIC MEDICINE IN THE GREATER HEALTHCARE COMMUNITY. 4.UTILIZE OUR DIRECT AFFILIATION WITH THE AMERICAN OSTEOPATHIC ASSOCIATION TO ADVANCE THE INTERESTS AND VIEWPOINTS OF OSTEOPATHIC MEDICAL STUDENTS.

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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 $184,108

Program Service Revenue $54,638

Investment Income $18,959

Other Revenue $0

TOTAL REVENUE $257,705

Expense Breakdown

Grants Paid $4,129

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $282,863

TOTAL EXPENSES $286,992

Year-over-Year Comparison

	2024	2023	Change
Revenue	$257,705	$267,185	0.0%
Expenses	$286,992	$267,118	+0.1%
Net Income	$-29,287	$67	-438.1%

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

165

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
MONZER ALATRACH	SOMA FOUNDAT	3.00	Director	$0	$0	$0
HAILEY BUDENSIEK	REGION IV TR	3.00	Director	$0	$0	$0
JOSHUA CONNOR	PRESIDENT	3.00	Officer Director	$0	$0	$0
RAELYNN DORSCHEID	NBD CHAIR	3.00	Director	$0	$0	$0
PENNY EVANS	EXECTUTIVE D	3.00	Director	$0	$0	$0
PALMER FORD	AOA STU TRUS	3.00	Director	$0	$0	$0
SHIVIKA GAIND	REGION III T	3.00	Director	$0	$0	$0
RAASHMI KRISHNASAMY	PARLIAMENTAR	3.00	Director	$0	$0	$0
MARA KRUTSINGER	SECRETARY	3.00	Officer Director	$0	$0	$0
MARIA ROLLINGER	VP/SPEAKER	3.00	Officer Director	$0	$0	$0
CAITLYN SIMTION	TREASURER	3.00	Officer Director	$0	$0	$0
ROSS THOMPSON	REGION II TR	3.00	Director	$0	$0	$0
KENNY WEN	REGION I TRU	3.00	Director	$0	$0	$0
LU WOLFF	REGION V TRU	3.00	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
2025	$257,705	$286,992	$636,466	$-29,287
2024	$267,185	$267,118	$638,294	$67
2023	$233,385	$294,854	$617,747	$-61,469
2022	$178,938	$119,759	$672,519	$59,179
2021	$184,490	$158,847	$633,825	$25,643
2020	$236,833	$147,226	$603,404	$89,607

STUDENT OSTEOPATHIC MEDICAL ASSOCIA