PRINCE HALL LEGACY OF ALABAMA

EIN: 200216856 501(c)(3) Youth Development

BIRMINGHAM, AL

Total Revenue
$67,784
Total Expenses
$45,874
Total Assets
$61,355
Net Assets
$61,355
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
2012
Legal Domicile
AL
Phone
2053289078
Tax Period
2024-01-01 to 2024-12-31

PRINCE HALL LEGACY OF ALABAMA, founded in 2012, is a micro nonprofit in the Youth Development sector that reported $82K in total revenue in fiscal year 2022. Revenue surged 71% from the prior year, signaling strong growth momentum. Expenses of $98K exceeded revenue, resulting in a 20% operating deficit.

Mission

a To promote the health education and welfare of the citizens of Alabama particularly in communities which have a high percentage of culturally or economically disadvantaged residents or large minority population or which otherwise have been under-served in these areas; b To assist and facilitate the development of educational and health facilities in Alabama; c To sponsor health fairs seminars outreaches and similar events to educate the public on health issues and to encourage good health habits and practices; d To provide educational scholarships to worthy individuals;

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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 $6,500
Program Service Revenue $0
Investment Income $0
Other Revenue $61,284
TOTAL REVENUE $67,784

Expense Breakdown

Grants Paid $27,600
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $45,874
Other Expenses $18,274
TOTAL EXPENSES $45,874

Year-over-Year Comparison

2024 2023 Change
Revenue $67,784 $91,213 -0.3%
Expenses $45,874 $51,468 -0.1%
Net Income $21,910 $39,745 -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

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Governance

Voting Members
10
Independent Members
N/A
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
5
$0
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Michael Ryan Director 5.00
Director
$0 $0 $0
Greg Clark President 15.00
Officer
$0 $0 $0
Corey D Hawkins Ex-Officio 10.00
Officer
$0 $0 $0
Richard Mathis Executive Director 15.00
Officer
$0 $0 $0
James Gray Secretary 15.00
Officer
$0 $0 $0
Anthony Johnson Treasurer 15.00
Officer
$0 $0 $0
William Pompey Director 5.00
Director
$0 $0 $0
Glenda Reynolds Director 5.00
Director
$0 $0 $0
Mary Harrington Director 5.00
Director
$0 $0 $0
Mark Debro Director 5.00
Director
$0 $0 $0
Kelvin Howard Director 5.00
Director
$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 $67,784 $45,874 $61,355 $21,910
2023 $91,213 $51,468 $78,890 $39,745
2022 $81,665 $97,839 $97,839 $-16,174
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