UNIVERSITY OF NIGERIA MEDICAL ALUM… - 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

2013

Legal Domicile

Phone

7135740043

Tax Period

2024-01-01 to 2024-12-31

UNIVERSITY OF NIGERIA MEDICAL ALUMNI ASSOCIATION, founded in 2013, is a micro nonprofit in the Education sector that reported $84K in total revenue in fiscal year 2024. Revenue surged 141% from the prior year, signaling strong growth momentum. Expenses of $113K exceeded revenue, resulting in a 35% operating deficit.

Mission

OUR MISSION IS TO PROMOTE ACADEMIC, CLINICAL, AND RESEARCH EXCELLENCE IN THE COLLEGE OF MEDICINE OF THE UNIVERSITY OF NIGERIA AND THE UNIVERSITY OF NIGERIA TEACHING HOSPITAL, ITUKU-OZALLA. OUR VISION IS TO ACHIEVE A SELF-SUFFICIENT AND SELF-RELIANT EDUCATIONAL AND HEALTHCARE INSTITUTION. WE ARE A NON-PROFIT CHARITABLE ASSOCIATION.

Program Service Accomplishments

Program 1

Expenses: $112,610 Revenue: $118,514

WE COMPLETED A HOSTEL TO ACCOMMODATE MEDICAL STUDENTS AT THE UNIVERSITY OF NIGERIA TEACHING HOSPITAL, ITUKU OZALLA-$93,820.14. WE PAID FOR AN ANNUAL SUBSCRIPTION FOR TWO-500-PARTICIPANT ZOOM PLATFORM - $1612.29 WE PAID FOR PACKING, HANDLING, AND TRANSPORTATION OF DONATED EQUIPMENT AND SUPPLIES TO THE UNIVERSITY OF NIGERIA TEACHING HOSPITAL - $17,177.75

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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 (2024)

Revenue Breakdown

Contributions & Grants $83,712

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $83,712

Expense Breakdown

Grants Paid $112,610

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $112,610

Other Expenses $0

TOTAL EXPENSES $112,610

Year-over-Year Comparison

	2024	2023	Change
Revenue	$83,712	$34,802	+1.4%
Expenses	$112,610	N/A	N/A
Net Income	$-28,898	$34,802	-1.8%

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

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
OKWUDILI CHUKWUANI	CHAIRMAN, GARF	40	Officer	$0	$0	$0
BENJAMIN MOZIE	CLASS REPRESENTATIVE	10	Officer	$0	$0	$0
CHIMARAOKE EDEOGA	CLASS REPRESENTATIVE	10	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	$83,712	$112,610	$118,514	$-28,898

UNIVERSITY OF NIGERIA MEDICAL ALUMNI ASSOCIATION