First Source for Women Inc

EIN: 205659416 501(c)(3) Human Services

Hanceville, AL

Total Revenue
$322,982
Total Expenses
$425,036
Total Assets
$265,056
Net Assets
$147,653
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
2016
Legal Domicile
AL
Principal Officer
Sandy Parker
Phone
2563525683
Tax Period
2023-01-01 to 2023-12-31

First Source for Women Inc, founded in 2016, is a small nonprofit in the Human Services sector that reported $370K in total revenue in fiscal year 2021. Revenue surged 125% from the prior year, signaling strong growth momentum. The organization ran a surplus of $166K, a strong 45% operating margin.

Mission

Pregnancy services, ultrasounds, botique rooms with supplies and services

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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 (2023)

Revenue Breakdown

Contributions & Grants $316,423
Program Service Revenue $6,521
Investment Income $38
Other Revenue $0
TOTAL REVENUE $322,982

Expense Breakdown

Grants Paid $0
Salaries & Benefits $198,994
Fundraising Expenses $39,206
Program Expenses $351,841
Other Expenses $226,042
TOTAL EXPENSES $425,036

Year-over-Year Comparison

2023 2022 Change
Revenue $322,982 $250,610 +0.3%
Expenses $425,036 $318,399 +0.3%
Net Income $-102,054 $-67,789 +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

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Governance

Voting Members
8
Independent Members
8
Employees
5
Volunteers
15

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
4
$42,074
Total Directors
9
$42,074
Key Employees
1
$42,074
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Janet Davis Executive Director 40.00
Officer Director Key Emp
$42,074 $0 $42,074
Julia Rushing President 10.00
Officer Director
$0 $0 $0
Sue Turner Vice President 6.00
Officer Director
$0 $0 $0
Sandy Parker Treasurer 8.00
Officer Director
$0 $0 $0
Ray Colvin Member 4.00
Director
$0 $0 $0
Johnny Whitaker Member 4.00
Director
$0 $0 $0
Mona Ivey Member 4.00
Director
$0 $0 $0
Tracey DeCicco Member 4.00
Director
$0 $0 $0
Carol Ann Hopper Member 4.00
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 No data No data No data No data
2023 $322,982 $425,036 $265,056 $-102,054
2022 $250,610 $318,399 $249,707 $-67,789
2021 $369,640 $203,633 $317,496 $166,007
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