FAMILY PROMISE OF BIRMINGHAM INC (EIN 311544162) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1997

Legal Domicile

Principal Officer

DAVID REESE

Phone

2059180246

Tax Period

2024-01-01 to 2024-12-31

FAMILY PROMISE OF BIRMINGHAM INC, founded in 1997, is a small nonprofit in the Human Services sector that reported $196K in total revenue in fiscal year 2019. Revenue grew 8% year-over-year, indicating healthy expansion.

Mission

TO PROVIDE FOOD, SHELTER AND COUNSELING FOR HOMELESS FAMILIES IN THE BIRMINGHAM METROPOLITAN AREA.

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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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $115,956

Program Service Revenue $0

Investment Income $13,659

Other Revenue $20,493

TOTAL REVENUE $150,108

Expense Breakdown

Grants Paid $0

Salaries & Benefits $91,606

Fundraising Expenses $0

Program Expenses $143,722

Other Expenses $85,677

TOTAL EXPENSES $177,283

Year-over-Year Comparison

	2024	2023	Change
Revenue	$150,108	$185,958	-0.2%
Expenses	$177,283	$227,931	-0.2%
Net Income	$-27,175	$-41,973	-0.4%

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

120

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

$81,318

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CLAIRE HARDESTY	PRESIDENT	5.00	Officer Director	$0	$0	$0
KEITH HARRELSON	BOARD MEMBER	1.00	Director	$0	$0	$0
ELIZABETH HAYES	BOARD MEMBER	1.00	Director	$0	$0	$0
PAMELA MARSH	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID REESE	TREASURER	5.00	Officer Director	$0	$0	$0
RANA COWAN	EXECUTIVE DIRECTOR	40.00	Director	$64,209	$17,109	$81,318
TOM LAMKIN	BOARD MEMBER	1.00	Director	$0	$0	$0
GREG RHODES	BOARD MEMBER	1.00	Director	$0	$0	$0
ROSEMARY FISK	BOARD MEMBER	1.00	Director	$0	$0	$0
JEAN ROBERSON	BOARD MEMBER	1.00	Director	$0	$0	$0
MATT MATLOCK	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
ANNE CATHERINE HAIRELL	SECRETARY	5.00	Officer Director	$0	$0	$0
PRESTON HAIRELL	BOARD MEMBER	1.00	Director	$0	$0	$0
NATALIE ARENDALL	BOARD MEMBER	1.00	Director	$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	$150,108	$177,283	$215,084	$-27,175
2023	$185,958	$227,931	$242,259	$-41,973
2022	$167,921	$202,667	$284,232	$-34,746
2021	$303,336	$202,588	$318,978	$100,748
2020	$315,420	$214,601	$218,230	$100,819
2019	$195,525	$190,099	$117,411	$5,426

FAMILY PROMISE OF BIRMINGHAM INC