ALABAMA HOUSING AUTHORITIES EDUCATION AND ENRICHMENT FUND INC (EIN 030433929) - Form 990 Financial Analysis & Trantor Score

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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

1993

Legal Domicile

Principal Officer

Hannah Gore

Phone

2052441348

Tax Period

2023-10-01 to 2024-09-30

ALABAMA HOUSING AUTHORITIES EDUCATION AND ENRICHMENT FUND INC, founded in 1993, is a micro nonprofit in the Youth Development sector that reported $28K in total revenue in fiscal year 2020. Revenue surged 144% from the prior year, signaling strong growth momentum. The organization ran a surplus of $8K, a strong 28% operating margin.

Mission

To administer and award scholarships to low-income residents of Public Housing in Alabama.

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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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $51,920

Program Service Revenue $0

Investment Income $2,897

Other Revenue $0

TOTAL REVENUE $54,817

Expense Breakdown

Grants Paid $25,389

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $25,470

Other Expenses $81

TOTAL EXPENSES $25,470

Year-over-Year Comparison

	2023	2022	Change
Revenue	$54,817	$53,146	+0.0%
Expenses	$25,470	$32,300	-0.2%
Net Income	$29,347	$20,846	+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
Doris Richardson	Member	1	Director	$0	$0	$0
Shana Demby	Vice President	1	Officer	$0	$0	$0
Hannah Gore	Treasurer	2	Officer	$0	$0	$0
Beverly Barber	President	1	Officer	$0	$0	$0
Jamie Fitzwater	Secretary	1	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	$54,817	$25,470	$654,037	$29,347
2023	$53,146	$32,300	$624,690	$20,846
2022	$30,224	$13,231	$604,419	$16,993
2021	$27,807	$20,000	$587,051	$7,807

ALABAMA HOUSING AUTHORITIES EDUCATION AND ENRICHMENT FUND INC