COMMUNITY FOUNDATION OF EAST ALABA… - Form 990 Financial Data

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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

2007

Legal Domicile

Principal Officer

BARBARA PATTON

Phone

3347055138

Tax Period

2023-01-01 to 2023-12-31

COMMUNITY FOUNDATION OF EAST ALABAMA INC, founded in 2007, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $298K in total revenue in fiscal year 2023. Expenses of $417K exceeded revenue, resulting in a 40% operating deficit.

Mission

THE MISSION OF THE COMMUNITY FOUNDATION OF EAST ALABAMA IS TO BUILD AND ADMINISTER ENDOWMENT FUNDS FOR PHILANTHROPIC PURPOSES FOCUSING ON IDENTIFIED COMMUNITY NEEDS AND STRENGTHENING NONPROFIT ORGANIZATIONS.

Program Service Accomplishments

Program 1

Expenses: $354,082

AS A LOCAL CENTER FOR PHILANTHROPY, THE COMMUNITY FOUNDATION WORKS WITH INDIVIDUALS, FAMILIES, CORPORATIONS, PRIVATE FOUNDATIONS AND NONPROFIT ORGANIZATIONS TO HELP THEM CARRY OUT THEIR CHARITABLE...

AS A LOCAL CENTER FOR PHILANTHROPY, THE COMMUNITY FOUNDATION WORKS WITH INDIVIDUALS, FAMILIES, CORPORATIONS, PRIVATE FOUNDATIONS AND NONPROFIT ORGANIZATIONS TO HELP THEM CARRY OUT THEIR CHARITABLE OBJECTIVES AND ADDRESS EMERGING COMMUNITY ISSUES.

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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 $250,544

Program Service Revenue $0

Investment Income $47,836

Other Revenue $0

TOTAL REVENUE $298,380

Expense Breakdown

Grants Paid $36,700

Salaries & Benefits $38,320

Fundraising Expenses $0

Program Expenses $354,082

Other Expenses $341,624

TOTAL EXPENSES $416,644

Year-over-Year Comparison

	2023	2022	Change
Revenue	$298,380	$303,734	0.0%
Expenses	$416,644	$157,144	+1.7%
Net Income	$-118,264	$146,590	-1.8%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
WIL CLOUDUS	DIRECTOR	Director	$0	$0	$0
CHRIS BUSBY	DIRECTOR	Director	$0	$0	$0
LAUREL BUCKALEW	DIRECTOR	Director	$0	$0	$0
GEORGE CLAY	DIRECTOR	Director	$0	$0	$0
TOMMY EDEN	DIRECTOR	Director	$0	$0	$0
BILL HAM	DIRECTOR	Director	$0	$0	$0
DARENDA HUGULEY	DIRECTOR	Director	$0	$0	$0
FRED KAM	CHAIR	Officer Director	$0	$0	$0
VANESSA ECHOLS	DIRECTOR	Director	$0	$0	$0
SHIRLEY LAZENBY	DIRECTOR	Director	$0	$0	$0
CHANTE RUFFIN	DIRECTOR	Director	$0	$0	$0
CLAY TORBERT	VICE-CHAIR	Officer Director	$0	$0	$0
JOE TURNHAM	DIRECTOR	Director	$0	$0	$0
ANNE WHITTELSEY	DIRECTOR	Director	$0	$0	$0
GERRY POTTER	DIRECTOR	Director	$0	$0	$0
BARBARA PATTON	PRESIDENT	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	No data	No data	No data	No data
2023	$298,380	$416,644	$1,679,721	$-118,264
2022	$303,734	$157,144	$1,718,835	$146,590
2021	$313,904	$304,256	$1,684,094	$9,648
2020	$228,196	$306,677	$1,590,083	$-78,481
2019	$1,009,601	$284,184	$1,632,725	$725,417
2018	$494,948	$86,242	$842,851	$408,706

COMMUNITY FOUNDATION OF EAST ALABAMA INC