SAFETY NET ASSISTANCE PROJECT INC

EIN: 462943436 501(c)(3) Philanthropy & Grantmaking

HOUSTON, TX

Total Revenue
$37,411
Total Expenses
$16,870
Total Assets
$20,541
Net Assets
$20,541
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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
2013
Legal Domicile
TX
Principal Officer
FRANCES OKAFOR
Tax Period
2020-01-01 to 2020-12-31

SAFETY NET ASSISTANCE PROJECT INC, founded in 2013, is a micro nonprofit in the Philanthropy & Grantmaking sector that reported $37K in total revenue in fiscal year 2020. The organization ran a surplus of $21K, a strong 55% operating margin.

Mission

PROVIDING HOUSING ASSITANCE TO INDEGENT AND UNDERPRIVILEGED

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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%)

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Financial Overview (2020)

Revenue Breakdown

Contributions & Grants $37,400
Program Service Revenue $0
Investment Income $11
Other Revenue $0
TOTAL REVENUE $37,411

Expense Breakdown

Grants Paid $14,500
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $14,500
Other Expenses $2,370
TOTAL EXPENSES $16,870

Year-over-Year Comparison

2020 2019 Change
Revenue $37,411 N/A N/A
Expenses $16,870 N/A N/A
Net Income $20,541 N/A N/A
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

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Governance

Voting Members
7
Independent Members
7
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
0
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KRISHNA SMITH BOWERS DIRECTOR 005.00
Director
$0 $0 $0
VALERIE ATARA DIRECTOR 005.00
Director
$0 $0 $0
MERCY ADEDUNTAN DIRECTOR 005.00
Director
$0 $0 $0
ANTHONY IGWE DIRECTOR 005.00
Director
$0 $0 $0
CAROL WILLIE DIRECTOR 005.00
Director
$0 $0 $0
FRANCES OKAFOR-EMEZUE EXECUTIVE DIRECTOR 010.00
Director
$0 $0 $0
GERTRUDE OKAFOR DIRECTOR 005.00
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
2020 $37,411 $16,870 $20,541 $20,541
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