SOUTHWEST ASSOCIATION OF NIGERIAN … - 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

2017

Legal Domicile

Principal Officer

OGECHIKA ALOZIE

Phone

9159961202

Tax Period

2023-01-01 to 2023-12-31

SOUTHWEST ASSOCIATION OF NIGERIAN PHYSICIANS INC, founded in 2017, is a small nonprofit in the Health Care sector that reported $160K in total revenue in fiscal year 2023. Revenue surged 59% from the prior year, signaling strong growth momentum. The organization ran a surplus of $132K, a strong 83% operating margin.

Mission

THE SOUTHWEST ASSOCIATION OF NIGERIAN PHYSICIANS (SANP) WAS CREATED AS AN ORGANIZATION LIKE-MINDED MEMBERS WITH THE VIEW TO MUTUALLY SUPPORT EACH OTHER PROFESSIONALLY AND CULTURALLY AND TO GIVE BACK TO OUR NEW HOME: THE SOUTHWESTERN UNITED STATES.

Program Service Accomplishments

Program 1

Expenses: $14,000

CHARITABLE DONATIONS TO OTHER NON-PROFIT ORGANIZATIONS IN THE SOUTHWESTERN UNITED STATES.

Program 2

Expenses: $7,500

SCHOLARSHIP DONATIONS

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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 (2023)

Revenue Breakdown

Contributions & Grants $50,800

Program Service Revenue $0

Investment Income $187

Other Revenue $108,554

TOTAL REVENUE $159,541

Expense Breakdown

Grants Paid $21,500

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $21,500

Other Expenses $6,222

TOTAL EXPENSES $27,722

Year-over-Year Comparison

	2023	2022	Change
Revenue	$159,541	$100,530	+0.6%
Expenses	$27,722	$3,755	+6.4%
Net Income	$131,819	$96,775	+0.4%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EMMANUEL ANEKWE	PRESIDENT	5.00	Officer	$0	$0	$0
OBIEFUNA OKOLI	SECRETARY	5.00	Officer	$0	$0	$0
OGECHIKA ALOZIE	TREASURER	5.00	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
2024	No data	No data	No data	No data
2023	$159,541	$27,722	$385,393	$131,819

SOUTHWEST ASSOCIATION OF NIGERIAN PHYSICIANS INC