PARKINSON ASSOCIATION OF ALABAMA I… - 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

1978

Legal Domicile

Principal Officer

BIBBY BAILEY

Phone

8334735465

Tax Period

2024-01-01 to 2024-12-31

PARKINSON ASSOCIATION OF ALABAMA INC, founded in 1978, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $1.6M in total revenue in fiscal year 2024. Revenue surged 87% from the prior year, signaling strong growth momentum. The organization ran a surplus of $433K, a strong 27% operating margin.

Mission

IMPROVING THE QUALITY OF LIFE FOR PARKINSON PATIENTS, THEIR CAREGIVERS, AND FAMILIES THROUGHOUT THE STATE OF ALABAMA.

Program Service Accomplishments

Program 1

Expenses: $628,447

LONG-COVID STUDY

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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 $1,306,663

Program Service Revenue $0

Investment Income $141,278

Other Revenue $167,054

TOTAL REVENUE $1,614,995

Expense Breakdown

Grants Paid $168,125

Salaries & Benefits $231,947

Fundraising Expenses $69,585

Program Expenses $961,921

Other Expenses $781,441

TOTAL EXPENSES $1,181,513

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,614,995	$865,295	+0.9%
Expenses	$1,181,513	$615,839	+0.9%
Net Income	$433,482	$249,456	+0.7%

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

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

$77,519

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CLARENCE POUNCEY	BOARD PRESIDENT	1.00	Director	$0	$0	$0
MICHAEL S FITTS	BOARD VICE PRESIDENT	1.00	Director	$0	$0	$0
J GARY ELLIS	DIRECTOR	1.00	Director	$0	$0	$0
ROBBY HAZZARD	DIRECTOR	1.00	Director	$0	$0	$0
TERI HENLEY	DIRECTOR	1.00	Director	$0	$0	$0
HENRY RAY	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTINA VAN DER HULST	DIRECTOR	1.00	Director	$0	$0	$0
PATTI BADHAM	DIRECTOR	1.00	Director	$0	$0	$0
BURTON CLARK	DIRECTOR	1.00	Director	$0	$0	$0
LAMAR CLARK	DIRECTOR	1.00	Director	$0	$0	$0
KATE COTTON	DIRECTOR	1.00	Director	$0	$0	$0
ASHLEY HARMS	DIRECTOR	1.00	Director	$0	$0	$0
JOE HAWLEY	BOARD TREASURER	1.00	Director	$0	$0	$0
KASEY B HELMS	DIRECTOR	1.00	Director	$0	$0	$0
ALICE MAJOR	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL L TAPLEY	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL VAUGHN	DIRECTOR	1.00	Director	$0	$0	$0
BIBBY BAILEY	EXECUTIVE DIRECTOR	40.00	Officer	$77,519	$0	$77,519

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	$1,614,995	$1,181,513	$2,846,858	$433,482
2023	No data	No data	No data	No data
2023	$3,100,071	$615,839	$3,143,973	$2,484,232
2022	$457,517	$278,118	$788,970	$179,399
2021	$426,799	$198,711	$629,128	$228,088
2020	$139,094	$72,533	$527,808	$66,561
2020	$402,227	$261,657	$516,680	$140,570
2019	$410,405	$360,056	$356,110	$50,349
2018	$358,170	$232,170	$307,279	$126,000

PARKINSON ASSOCIATION OF ALABAMA INC