FRIENDS OF HALE COUNTY FOUNDATION

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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

2002

Legal Domicile

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 $122K in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year. Expenses of $185K exceeded revenue, resulting in a 52% operating deficit.

Mission

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

Program Service Accomplishments

Program 1

Expenses: $64,994

BENEVOLENCE TO UNDERPRIVELEDGED AREAS OF ALABAMA

Program 2

Expenses: $120,422

EDUCATIONAL SUPPORT, SUPPLIES AND BOOKS FOR SCHOOLS

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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 $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

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

N/A

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
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