THE AHLA 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

1953

Legal Domicile

Principal Officer

KEVIN CAREY

Phone

2022893100

Tax Period

2023-01-01 to 2023-12-31

THE AHLA FOUNDATION, founded in 1953, is a community nonprofit in the Education sector that reported $5.9M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $7.0M exceeded revenue, resulting in a 18% operating deficit.

Mission

THE FOUNDATION'S MISSION IS TO HELP PEOPLE BUILD CAREERS THAT IMPROVE THEIR LIVES, AND STRENGTHEN THE LODGING INDUSTRY. WE ACHIEVE THIS BY GIVING THEM NECESSARY TOOLS, RESOURCES, AND EDUCATION SO THEY ARE ABLE TO LAUNCH LONG-TERM CAREERS IN OUR GREAT INDUSTRY.

Program Service Accomplishments

Program 1

Expenses: $2,151,441 Revenue: $0

DE&I: THE AHLA FOUNDATION'S COMMITMENT TO DIVERSITY, EQUITY, INCLUSION CONTINUES THROUGHOUT ITS HOLISTIC PROGRAMMING AIMED AT ATTRACTING, RETAINING, AND ADVANCING TALENT. IN 2023, THIS INCLUDED...

DE&I: THE AHLA FOUNDATION'S COMMITMENT TO DIVERSITY, EQUITY, INCLUSION CONTINUES THROUGHOUT ITS HOLISTIC PROGRAMMING AIMED AT ATTRACTING, RETAINING, AND ADVANCING TALENT. IN 2023, THIS INCLUDED PROVIDING LEADERSHIP TRAINING FOR WOMEN, BUILD & ELEVATE, WITH ABOUT 70 PARTICIPANTS THAT RESULTED IN MANY OF THEM EARNING CAREER PROMOTIONS; MAINTAINING ITS MENTORSHIP PROGRAM/PLATFORM (90 PARTICIPANTS WITH HIGH SATISFACTION RATE) AS WELL AS ONLINE HUB OF DEI SPECIFIC RESOURCES FOR HOTELS; AND SHARED VALUE PARTNERSHIPS WITH ORGANIZATIONS SUCH AS THE ALLIANCE FOR HOSPITALITY EQUITY & DIVERSITY. THE FOUNDATION WRAPPED UP IT A PLACE TO STAY BI-LINGUAL INDUSTRY AND CAREER AWARENESS MARKETING CAMPAIGN WITH AN IMPRESSIVE 7.8M AD CLICKS AND 632K TOTAL WEBSITE SESSIONS.

Program 2

Expenses: $1,339,708 Revenue: $0

NO ROOM FOR TRAFFICKING: AHLAF'S INAUGURAL YEAR OF THE NO ROOM FOR TRAFFICKING SURVIVOR FUND INVESTED $500,000 IN COMMUNITY ORGANIZATIONS HELPING SURVIVORS CONNECT TO WRAPAROUND SERVICES...

NO ROOM FOR TRAFFICKING: AHLAF'S INAUGURAL YEAR OF THE NO ROOM FOR TRAFFICKING SURVIVOR FUND INVESTED $500,000 IN COMMUNITY ORGANIZATIONS HELPING SURVIVORS CONNECT TO WRAPAROUND SERVICES, PRE-APPRENTICESHIP TRAINING AND EMPLOYMENT OPPORTUNITIES.E UPSKILLED IN 13 DIFFERENT SPECIALTY CERTIFICATIONS.

Program 3

Expenses: $1,179,290 Revenue: $0

SCHOLARSHIPS: THE AHLA FOUNDATION AWARDED $926,000 TOTAL IN ACADEMIC SCHOLARSHIPS AND $45,000 IN HBCU TRAVEL SCHOLARSHIPS TO INDUSTRY CONFERENCES AMONG HOSPITALITY DEGREE STUDENTS FROM 2- AND 4-YEAR COLLEGES AND UNIVERSITIES. AHLAF LAUNCHED ITS TRAVEL SCHOLARSHIP PROGRAM IN 2023 TO INCREASE STUDENT EXPOSURE TO CAREER PATHWAYS IN HOSPITALITY BY INVITING THEM TO ATTEND INDUSTRY CONFERENCES, CARVING DIRECT ACCESS TO INDUSTRY LEADERS AND CURRENT-DAY TRENDS INFORMATION. ADDITIONALLY, AHLAF AWARDED MORE THAN $91,000 IN PROFESSIONAL DEVELOPMENT CERTIFICATION SCHOLARSHIPS TO 184 INDIVIDUALS WORKING AT OVER 60 DIFFERENT HOTEL LOCATIONS ACROSS THE COUNTRY.THESE SCHOLARSHIPS HELPED HOSPITALITY WORKERS BECOME UPSKILLED IN 13 DIFFERENT SPECIALTY CERTIFICATIONS.

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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 $4,542,438

Program Service Revenue $321,950

Investment Income $1,218,643

Other Revenue $-148,844

TOTAL REVENUE $5,934,187

Expense Breakdown

Grants Paid $2,130,656

Salaries & Benefits $2,017,001

Fundraising Expenses $438,942

Program Expenses $5,343,091

Other Expenses $2,830,681

TOTAL EXPENSES $6,978,338

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,934,187	$5,438,384	+0.1%
Expenses	$6,978,338	$6,123,809	+0.1%
Net Income	$-1,044,151	$-685,425	+0.5%

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

1974

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

$2,223,857

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TOM BARDENETT	CHAIR OF THE BOARD	1.00	Officer Director	$0	$0	$0
JULIENNE SMITH	VICE CHAIR	1.00	Officer Director	$0	$0	$0
ANU SAXENA	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
JEAN-LUC BARONE	BOARD OF TRUSTEES	1.00	Director	$0	$0	$0
JAMIE BAXTER	BOARD OF TRUSTEES	1.00	Director	$0	$0	$0
SURAJ BHAKTA	BOARD OF TRUSTEES	1.00	Director	$0	$0	$0
RAJ CHANDNANI	BOARD OF TRUSTEES	1.00	Director	$0	$0	$0
LISA CHECCHIO	BOARD OF TRUSTEES	1.00	Director	$0	$0	$0
ANN CHRISTENSON	BOARD OF TRUSTEES	1.00	Director	$0	$0	$0
GREG COCCIARELLA	BOARD OF TRUSTEES	1.00	Director	$0	$0	$0
DANIEL DEL OLMO	BOARD OF TRUSTEES	1.00	Director	$0	$0	$0
ANDREA FOSTER	BOARD OF TRUSTEES	1.00	Director	$0	$0	$0
JOHN LANCASTER	BOARD OF TRUSTEES	1.00	Director	$0	$0	$0
MALAIKA MYERS	BOARD OF TRUSTEES	1.00	Director	$0	$0	$0
DANIEL PEEK	BOARD OF TRUSTEES	1.00	Director	$0	$0	$0
BRIAN QUINN	BOARD OF TRUSTEES	1.00	Director	$0	$0	$0
ELAINE RICHARD	BOARD OF TRUSTEES	1.00	Director	$0	$0	$0
RYAN RIVETT	BOARD OF TRUSTEES	1.00	Director	$0	$0	$0
JYOTI SAROLIA	BOARD OF TRUSTEES	1.00	Director	$0	$0	$0
JONATHAN STANNER	BOARD OF TRUSTEES	1.00	Director	$0	$0	$0
SCOTT TREBILCO	BOARD OF TRUSTEES	1.00	Director	$0	$0	$0
WILLIAM ROGERS	PRESIDENT & CEO, AHLA	4.00	Officer	$0	$180,189	$1,162,406
KEVIN CAREY	COO, AHLA	2.00	Officer	$0	$110,913	$803,932
ANNA BLUE	PRESIDENT, AHLA FOUNDATION	35.00	Officer	$0	$40,745	$257,519
SARAH COZEWITH	VP OF CAREER DEVELOPMENT	35.00	Highest	$0	$53,725	$254,900
JENNIFER FUGOLO	VP OF ADVANCEMENT	35.00	Highest	$0	$18,982	$211,378
KATHERINE MOORE	VP, STRATEGY & EXECUTIVE MANAGEMENT	35.00	Highest	$0	$35,289	$212,956
ELIZABETH MCCOY	VP, PREVENTION & AWARENESS PROGRAMS	35.00	Highest	$0	$31,924	$202,835
LINDSAY MILLER	SR. DIRECTOR, DEVELOPMENT	35.00	Highest	$0	$27,845	$157,965

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	$5,934,187	$6,978,338	$33,352,803	$-1,044,151
2022	$5,438,384	$6,123,809	$32,049,019	$-685,425
2021	$6,832,027	$4,115,821	$38,777,337	$2,716,206
2020	$2,671,648	$2,475,388	$36,231,203	$196,260
2019	$2,118,960	$3,613,084	$34,736,281	$-1,494,124
2018	$2,409,582	$3,580,023	$32,245,178	$-1,170,441