ALABAMA ASSET BUILDING COALITION

EIN: 270193257 501(c)(3) Human Services

BIRMINGHAM, AL

Total Revenue
$155,889
Total Expenses
$170,437
Total Assets
$198,408
Net Assets
$198,408
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
2009
Principal Officer
KENNETH WALKER
Phone
3342072743
Tax Period
2023-01-01 to 2023-12-31

Alabama Asset Building Coalition, founded in 2009, is a small nonprofit in the Human Services sector that reported $191K in total revenue in fiscal year 2018. Revenue surged 70% from the prior year, signaling strong growth momentum. The organization ran a surplus of $32K, a strong 17% operating margin.

Mission

The Mission of the Alabama Asset Building Coalition is to promote financial stability and self- sufficiency for low wealth individuals and families.

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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 $155,587
Program Service Revenue $0
Investment Income $302
Other Revenue $0
TOTAL REVENUE $155,889

Expense Breakdown

Grants Paid $43,214
Salaries & Benefits $106,205
Fundraising Expenses $0
Program Expenses $43,214
Other Expenses $21,018
TOTAL EXPENSES $170,437

Year-over-Year Comparison

2023 2022 Change
Revenue $155,889 $156,723 0.0%
Expenses $170,437 $164,356 +0.0%
Net Income $-14,548 $-7,633 +0.9%
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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Governance

Voting Members
12
Independent Members
12
Employees
2
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
8
$102,292
Total Directors
12
$16,667
Key Employees
1
$85,625
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOHANNA M ALVAREZ SECRETARY 25
Officer Director
$0 $0 $0
LASHON MENEFEE EXECUTIVE DIRECTOR 30
Officer Director
$0 $0 $0
DON BURBACK COMMUNITY DEVELOPMENT 40
Director
$0 $0 $0
DR GENA GUNN MCCLENDON N/A 12
Director
$0 $0 $0
MELODI CONEY MORRISSETTE SVP N/A 30
Director
$0 $0 $0
DANNY PATTERSON DIRECTOR 30
Officer Director
$16,667 $0 $16,667
DR SAM ADDY N/A 12
Director
$0 $0 $0
WARREN ROBINSON N/A 40
Officer Director
$0 $0 $0
EUNICE JOHNSON ROGERS CHAIR NRS COMMUNITY DEVELOPMENT 60
Officer Director
$0 $0 $0
ASHLEY L MABRY TREASURER 40
Officer Director
$0 $0 $0
CAROLGUNDLACH MSW POLICY ANALYST 12
Director
$0 $0 $0
REV JOHN K WHITFIELD VICE CHAIR ECONOMIC DEV SPECIALIS 40
Officer Director
$0 $0 $0
KENNETH WALKER EXECUTIVE DIRECTOR 40
Officer Key Emp Highest
$85,625 $0 $85,625
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
2023 $155,889 $170,437 $198,408 $-14,548
2022 $156,723 $164,356 $212,956 $-7,633
2021 $176,422 $154,880 $220,589 $21,542
2020 $170,016 $144,853 $199,047 $25,163
2019 $104,780 $149,592 $156,763 $-44,812
2018 $190,710 $159,103 $192,981 $31,607
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