FRIENDS OF HALE COUNTY FOUNDATION

EIN: 061662832 501(c)(3) Philanthropy & Grantmaking

BIRMINGHAM, AL

Total Revenue
$122,027
Total Expenses
$185,434
Total Assets
$132,823
Net Assets
$132,823
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
2002
Legal Domicile
AL
Principal Officer
LAW LAMAR IV
Phone
2052511113
Tax Period
2024-01-01 to 2024-12-31

FRIENDS OF HALE COUNTY FOUNDATION, founded in 2002, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $198K in total revenue in fiscal year 2021. The organization ran a surplus of $121K, a strong 61% operating margin.

Mission

TO ASSIST THE PEOPLE OF POVERTY STRICKEN WEST ALABAMA WITH BUSINESS, CULTURAL, EDUCATIONAL AND ECONOMIC DEVELOPMENT OF THE AREA.

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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 (2024)

Revenue Breakdown

Contributions & Grants $80,709
Program Service Revenue $0
Investment Income $41,318
Other Revenue $0
TOTAL REVENUE $122,027

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $185,416
Other Expenses $185,434
TOTAL EXPENSES $185,434

Year-over-Year Comparison

2024 2023 Change
Revenue $122,027 $132,217 -0.1%
Expenses $185,434 $77,208 +1.4%
Net Income $-63,407 $55,009 -2.2%
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

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Liquidity & Cash Position

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Governance

Voting Members
1
Independent Members
N/A
Employees
N/A
Volunteers
4

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
1
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LAW LAMAR IV PRESIDENT 20.00
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 $122,027 $185,434 $132,823 $-63,407
2023 $132,217 $77,208 $196,231 $55,009
2022 $67,233 $83,627 $141,222 $-16,394
2021 $198,152 $77,418 $157,615 $120,734
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