SOUTHERN ONCOLOGY ASSOCIATION OF P… - Form 990 Financial Data

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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

1998

Legal Domicile

Principal Officer

DENISE BORRELL

Phone

6159431201

Tax Period

2025-01-01 to 2025-12-31

SOUTHERN ONCOLOGY ASSOCIATION OF PRACTICES, founded in 1998, is a small nonprofit in the Community Improvement sector that reported $849K in total revenue in fiscal year 2025. Revenue surged 65% from the prior year, signaling strong growth momentum. Expenses of $770K left a modest 9% surplus.

Mission

SOAP IS DEDICATED TO PROVIDING SUPPORT TO INDEPENDENT COMMUNITY ONCOLOGISTS AND THEIR PRACTICES THROUGH CONTRACTING OPPORTUNITIES, EDUCATION, NETWORKING, AND OTHER SUPPORTIVE SERVICES.

Program Service Accomplishments

Program 1

THE PROMOTION OF CANCER RESEARCH AND PROVIDING CONTINUING CANCER EDUCATION TO ONCOLOGISTS

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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 (2025)

Revenue Breakdown

Contributions & Grants $96,000

Program Service Revenue $642,331

Investment Income $110,595

Other Revenue $0

TOTAL REVENUE $848,926

Expense Breakdown

Grants Paid $0

Salaries & Benefits $136,814

Fundraising Expenses $0

Other Expenses $632,836

TOTAL EXPENSES $769,650

Year-over-Year Comparison

	2025	2024	Change
Revenue	$848,926	$515,234	+0.6%
Expenses	$769,650	$563,589	+0.4%
Net Income	$79,276	$-48,355	-2.6%

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

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

$49,000

Total Directors

$81,772

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KIRTI PATEL	DIRECTOR AT LARGE	1.00	Director	$12,250	$0	$12,250
ANA FLORES	EXECUTIVE DIRECTOR	40.00	Director	$69,522	$0	$69,522
DENISE BORRELL	PRESIDENT	1.00	Officer	$12,250	$0	$12,250
GINGER MCCLEISH	VICE PRESIDENT	1.00	Officer	$12,250	$0	$12,250
ANTHONY FLORES JR	TREASURER	1.00	Officer	$12,250	$0	$12,250
GAIL EICHLER	SECRETARY	1.00	Officer	$12,250	$0	$12,250

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	$848,926	$769,650	$3,365,821	$79,276
2024	$515,234	$563,589	$3,041,057	$-48,355
2023	$758,558	$420,632	$2,791,380	$337,926
2022	$363,376	$327,275	$2,456,881	$36,101
2021	$654,521	$158,582	$2,869,044	$495,939
2020	$442,705	$154,809	$2,373,183	$287,896
2019	$468,937	$236,029	$1,996,635	$232,908
2018	$148,477	$217,893	$1,779,166	$-69,416

SOUTHERN ONCOLOGY ASSOCIATION OF PRACTICES