STUDENT NATIONAL MEDICAL ASSOCIATION INC

EIN: 520965479 501(c)(3) Education

Washington, DC

Total Revenue
$2,851,176
Total Expenses
$2,316,626
Total Assets
$2,825,231
Net Assets
$2,786,033
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1971
Legal Domicile
DC
Principal Officer
BRIDGETTE HUDSON
Phone
2028822881
Tax Period
2023-10-01 to 2024-09-30

STUDENT NATIONAL MEDICAL ASSOCIATION INC, founded in 1971, is a community nonprofit in the Education sector that reported $2.9M in total revenue in fiscal year 2023. Revenue surged 22% from the prior year, signaling strong growth momentum. The organization ran a surplus of $535K, a strong 19% operating margin.

Mission

STUDENT-RUN ORGANIZATION FOCUSED ON THE NEEDS AND CONCERNS OF MEDICAL STUDENTS OF COLOR.

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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 (2023)

Revenue Breakdown

Contributions & Grants $657,679
Program Service Revenue $2,057,226
Investment Income $50,023
Other Revenue $86,248
TOTAL REVENUE $2,851,176

Expense Breakdown

Grants Paid $26,489
Salaries & Benefits $589,866
Fundraising Expenses $32,295
Program Expenses $2,097,258
Other Expenses $1,700,271
TOTAL EXPENSES $2,316,626

Year-over-Year Comparison

2023 2022 Change
Revenue $2,851,176 $2,335,002 +0.2%
Expenses $2,316,626 $1,919,393 +0.2%
Net Income $534,550 $415,609 +0.3%
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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Governance

Voting Members
17
Independent Members
17
Employees
6
Volunteers
50

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
8
$178,206
Total Directors
49
$178,206
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Stella Udoetuk Chairperson of the Board 4.00
Officer Director
$0 $0 $0
Ja'Nia McPhatter President 4.00
Officer Director
$0 $0 $0
Miracle Rogers President-Elect 4.00
Officer Director
$0 $0 $0
Adaku Ikoh Vice President 4.00
Officer Director
$0 $0 $0
Niat Habtemariam Premedical Board Member 4.00
Officer Director
$0 $0 $0
Mychael Spencer Treasurer 4.00
Officer Director
$0 $0 $0
Kayla Irons Secretary 4.00
Officer Director
$0 $0 $0
Dajaina Martin Speaker of the House 2.00
Director
$0 $0 $0
Chiagoziem Chi Anigbogu Parliamentarian 2.00
Director
$0 $0 $0
Antonio Igbokidi MD Immediate-Past Chair 2.00
Director
$0 $0 $0
Veronica Mize MD Immediate-Past President 2.00
Director
$0 $0 $0
Bridgette Hudson Executive Director 40.00
Officer Director
$151,664 $26,542 $178,206
Emmanuel Agu Region I Director 2.00
Director
$0 $0 $0
Diamond Coleman Region II Director 2.00
Director
$0 $0 $0
Chukwudumebi Dumebi Atuegbu Region III Director 2.00
Director
$0 $0 $0
Courtney Maddox MA Region IV Director 2.00
Director
$0 $0 $0
Nikkisha Mills Region V Director 2.00
Director
$0 $0 $0
Chukwudalu Ononenyi Region VI Director 2.00
Director
$0 $0 $0
Stacy Bawuah Region VII Director 2.00
Director
$0 $0 $0
Manuel Sackey Region VIII Director 2.00
Director
$0 $0 $0
Brianna Mosley Region IX Director 2.00
Director
$0 $0 $0
Shanika Francis Region X Director 2.00
Director
$0 $0 $0
Brooke Birks Academic Affairs 2.00
Director
$0 $0 $0
Ana Torres Academic Affairs 2.00
Director
$0 $0 $0
Erin Igwacho Community Service 2.00
Director
$0 $0 $0
Jennifer Romeo Community Service 2.00
Director
$0 $0 $0
Jeavanie Desarmes Convention Planning 2.00
Director
$0 $0 $0
Shania Williams Convention Planning 2.00
Director
$0 $0 $0
Erin Johnson PhD Diversity Research 2.00
Director
$0 $0 $0
Nina Uzoigwe Diversity Research 2.00
Director
$0 $0 $0
Miracle Rogers Elections 2.00
Director
$0 $0 $0
Sydney Baltimore External Affairs 2.00
Director
$0 $0 $0
Anastacia Azor External Affairs 2.00
Director
$0 $0 $0
Adaya Sturkey HPLA 2.00
Director
$0 $0 $0
Kailyn Geter HPLA 2.00
Director
$0 $0 $0
Jourdon Robinson Internal Affairs 2.00
Director
$0 $0 $0
Stacy Bawauh Internal Affairs 2.00
Director
$0 $0 $0
Natalie Toro International Affairs 2.00
Director
$0 $0 $0
Alexis Thompson International Affairs 2.00
Director
$0 $0 $0
Niat Habtermariam MAPS 2.00
Director
$0 $0 $0
Brianna Blake Membership 2.00
Director
$0 $0 $0
Ashlee Evans Osteopathic 2.00
Director
$0 $0 $0
Oluwatomiwa Awobayiku Osteopathic 2.00
Director
$0 $0 $0
Mikayla Shields Publications 2.00
Director
$0 $0 $0
Oluleke Falade Publications 2.00
Director
$0 $0 $0
Lisa Green MD Professional Board Member 2.00
Director
$0 $0 $0
Cornelius Jamison MD Professional Board Member 2.00
Director
$0 $0 $0
Cortlyn Brown MD MCSO Professional Board Member 2.00
Director
$0 $0 $0
Donald Carson DO Professional Board Member 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 $2,851,176 $2,316,626 $2,825,231 $534,550
2023 $2,335,002 $1,919,393 $2,185,161 $415,609
2022 $1,748,485 $1,763,411 $1,732,215 $-14,926
2021 $1,348,082 $742,383 $1,903,837 $605,699
2020 $677,510 $517,332 $1,643,330 $160,178
2019 $1,359,339 $1,112,401 $935,938 $246,938
2018 $1,053,003 $1,046,180 $661,678 $6,823
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