SOUTHWEST ASSOCIATION OF STUDENT ASSISTANCE PROGRA

EIN: 741966579 501(c)(3) Community Improvement

Hammond, LA

Total Revenue
$303,189
Total Expenses
$344,410
Total Assets
$148,832
Net Assets
$148,832
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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1980
Legal Domicile
LA
Principal Officer
TERIKI BARNES
Phone
9856302684
Tax Period
2025-01-01 to 2025-12-31

SOUTHWEST ASSOCIATION OF STUDENT ASSISTANCE PROGRAMS, founded in 1980, is a small nonprofit in the Community Improvement sector that reported $300K in total revenue in fiscal year 2017. Revenue surged 30% from the prior year, signaling strong growth momentum. Expenses of $285K left a modest 5% surplus.

Mission

EQUAL EDUCATION/LEADERSHIP DEVELOPMENT

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $303,189
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $303,189

Expense Breakdown

Grants Paid $5,100
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $344,410
Other Expenses $339,310
TOTAL EXPENSES $344,410

Year-over-Year Comparison

2025 2024 Change
Revenue $303,189 $303,189 N/A
Expenses $344,410 $344,510 0.0%
Net Income $-41,221 $-41,321 0.0%
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
7

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
6
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TERIKI BARNES PRESIDENT 5.00
Officer
$0 $0 $0
DANGELO SANDS PRESIDENT ELECT 5.00
Officer
$0 $0 $0
DR SHRYLIN DAVIS SECRETARY 7.00
Officer
$0 $0 $0
KIMBERLY CARUSO FINANCE CHAIR 10.00
Officer
$0 $0 $0
DONTA MILLS PAST PRESIDENT 0.00
$0 $0 $0
TRESE COLLINS TREASURER 0.00
Officer
$0 $0 $0
ROSARIO RILEY PARLIAMENTARIAN 0.00
Officer
$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 $303,189 $344,410 $148,832 $-41,221
2024 $408,871 $408,870 $190,053 $1
2023 $499,552 $499,552 $176,433 No data
2022 $432,739 $432,739 $234,861 No data
2021 $276,408 $249,051 $321,796 $27,357
2020 $245,393 $112,657 $294,439 $132,736
2019 $117,299 $139,102 $158,684 $-21,803
2019 $416,845 $327,290 $180,487 $89,555
2018 $300,352 $284,542 $94,932 $15,810
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