Community Foundation of Greater Hu… - 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

2008

Legal Domicile

Phone

2564893525

Tax Period

2024-01-01 to 2024-12-31

Community Foundation of Greater Huntsville, founded in 2008, is a mid-sized nonprofit in the Philanthropy & Grantmaking sector that reported $23.1M in total revenue in fiscal year 2024. Revenue surged 29% from the prior year, signaling strong growth momentum. The organization ran a surplus of $9.1M, a strong 40% operating margin.

Mission

MOBILIZING GENEROSITY TO IMPROVE QUALITY OF LIFE IN OUR COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $12,241,572 Revenue: $510,931

The Community Foundation administers donor advised funds, designated funds, field of interest funds, agency funds and scholarship funds.

Program 2

Expenses: $207,007 Revenue: $0

The Compass Society awarded a grant of $50,000 each to Huntsville Hospital Foundation and United Way of Madison County. In addition, the Compass Endowment had a balance at the end of 2024 of...

The Compass Society awarded a grant of $50,000 each to Huntsville Hospital Foundation and United Way of Madison County. In addition, the Compass Endowment had a balance at the end of 2024 of $1,244,241.

Program 3

Expenses: $195,224 Revenue: $0

The Women's Philanthropy Society awarded grants in the amount of $50,000 each to Boys and Girls Clubs of North Alabama and WellStone. In addition, the Women's Endowment had a balance at the end of...

The Women's Philanthropy Society awarded grants in the amount of $50,000 each to Boys and Girls Clubs of North Alabama and WellStone. In addition, the Women's Endowment had a balance at the end of 2024 of $499,554.

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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 $19,614,324

Program Service Revenue $18,973

Investment Income $2,958,202

Other Revenue $463,685

TOTAL REVENUE $23,055,184

Expense Breakdown

Grants Paid $12,491,705

Salaries & Benefits $541,936

Fundraising Expenses $181,872

Program Expenses $12,833,953

Other Expenses $911,466

TOTAL EXPENSES $13,945,107

Year-over-Year Comparison

	2024	2023	Change
Revenue	$23,055,184	$17,823,410	+0.3%
Expenses	$13,945,107	$15,700,525	-0.1%
Net Income	$9,110,077	$2,122,885	+3.3%

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

124

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

$133,645

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Garfield Wilbur Boon III	Secretary	5.0	Officer Director	$0	$0	$0
Penny Billings	Treasurer	5.0	Officer Director	$0	$0	$0
Sidney Ray White Jr	Chair	5.0	Officer Director	$0	$0	$0
Susan Lynn Troy	Vice Chair	5.0	Officer Director	$0	$0	$0
Brad Garland	Member	1.0	Director	$0	$0	$0
Christopher Russell	Member	1.0	Director	$0	$0	$0
Clay Hagan	Member	1.0	Director	$0	$0	$0
D Ashley Jones	Member	1.0	Director	$0	$0	$0
Douglas C Martinson II	Member	1.0	Director	$0	$0	$0
Elizabeth Abel	Member	1.0	Director	$0	$0	$0
Gary Whitley Jr	Member	1.0	Director	$0	$0	$0
George Smith	Member	1.0	Director	$0	$0	$0
Henry L Isenberg III	Member	1.0	Director	$0	$0	$0
Jay Dryden	Member	1.0	Director	$0	$0	$0
Katherine Elizabeth Sippel	Member	1.0	Director	$0	$0	$0
Kristina Hendrix	Member	1.0	Director	$0	$0	$0
Leta Demaioribus	Member	1.0	Director	$0	$0	$0
Lori Womack	Member	1.0	Director	$0	$0	$0
Melissa Thompson	CEO/President	40.0	Officer	$127,811	$5,834	$133,645

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	$23,055,184	$13,945,107	$66,326,810	$9,110,077
2023	$17,823,410	$15,700,525	$51,319,803	$2,122,885
2022	$14,359,826	$11,421,752	$46,091,896	$2,938,074
2021	$14,690,741	$6,178,036	$48,014,878	$8,512,705
2020	$16,460,622	$6,352,591	$38,106,163	$10,108,031
2019	$7,940,148	$4,407,506	$25,229,948	$3,532,642
2018	$4,943,017	$4,132,772	$20,370,560	$810,245

Community Foundation of Greater Huntsville