ALBAT PROGRAM INC

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1996

Legal Domicile

Principal Officer

MARK HANNA

Phone

9378494177

Tax Period

2023-01-01 to 2023-12-31

ALBAT PROGRAM INC, founded in 1996, is a community nonprofit in the Employment sector that reported $2.0M in total revenue in fiscal year 2023. Revenue fell 33% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $1.5M, a strong 78% operating margin.

Mission

OPERATE AN EDUCATIONAL FACILITY FOR THE TECHNICAL TRAINING AND PREPARATION OF INDIVIDUALS AS ELECTRICAL WORKERS.

Program Service Accomplishments

Program 1

Expenses: $441,532

THE ORGANIZATION'S SOLE ACTIVITY IS TO OPERATE AND EDUCATIONAL FACILITY FOR THE TECHNICAL TRAINING & PREPARATION OF INDIVIDUALS AS ELECTRICAL WORKERS. REVENUE IS NET OF 477,664 OF RENTAL EXPENSES -...

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $2,372,000

Program Service Revenue $0

Investment Income $4,963

Other Revenue $-411,536

TOTAL REVENUE $1,965,427

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $441,532

Other Expenses $441,532

TOTAL EXPENSES $441,532

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,965,427	$2,930,622	-0.3%
Expenses	$441,532	N/A	N/A
Net Income	$1,523,895	$2,930,622	-0.5%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
DON BOURDEAU	TRUSTEE	N/A	Director	$0	$0	$0
DANNY DOSS	TRUSTEE	N/A	Director	$0	$0	$0
STEVE HUGHART	CHAIRMAN	N/A	Officer Director	$0	$0	$0
KEVIN KOC	SECRETARY	N/A	Officer Director	$0	$0	$0
IKE POE	TRUSTEE	N/A	Director	$0	$0	$0
JAMIE SHAW	TRUSTEE	N/A	Director	$0	$0	$0
BRYAN STAGE	TRUSTEE	N/A	Director	$0	$0	$0
DREW WHEATLAKE	TRUSTEE	N/A	Director	$0	$0	$0
MARK HANNA	PRESIDENT	N/A	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	$1,965,427	$441,532	$13,302,193	$1,523,895
2022	$2,930,622	No data	$11,420,649	No data
2021	$-59,479	No data	$8,353,528	No data
2020	$-177,723	No data	$8,448,093	No data
2020	$-226,548	No data	$8,399,268	No data