Central Alabama Development Corporation (EIN 364850606) - 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

2016

Legal Domicile

Principal Officer

Darold Sterling

Phone

2563292201

Tax Period

2023-10-01 to 2024-09-30

CENTRAL ALABAMA DEVELOPMENT CORPORATION, founded in 2016, is a micro nonprofit that reported $52K in total revenue in fiscal year 2021. Net assets of $628K represent 145 months of operating reserves.

Mission

To provide decent, safe and sanitary housing for low- and moderate-income persons by acquiring, managing, or otherwise dealing with real property for the betterment of the community in the owning, renting, managing, selling, or financing homes, apartments, or other housing for persons of low income, including families, elderly, handicapped or disabled persons.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $53,880

Investment Income $12,000

Other Revenue $3,787

TOTAL REVENUE $69,667

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,811

Fundraising Expenses $0

Program Expenses $62,097

Other Expenses $62,097

TOTAL EXPENSES $65,908

Year-over-Year Comparison

	2023	2022	Change
Revenue	$69,667	$64,873	+0.1%
Expenses	$65,908	$57,272	+0.2%
Net Income	$3,759	$7,601	-0.5%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Carl Worthy	Director	1.00	Director	$0	$0	$0
Darrell Armour	Director	1.00	Director	$0	$0	$0
Mark Tuggle	Director	1.00	Director	$0	$0	$0
Frances Thomas	Director	1.00	Director	$0	$0	$0
Scott Blake	Director	1.00	Director	$0	$0	$0
Darold Sterling	President	15.00	Officer	$0	$0	$0
Amy Lashley	Secretary & Treasurer	5.00	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	$69,667	$65,908	$642,865	$3,759
2023	$64,873	$57,272	$639,004	$7,601
2022	$51,865	$53,596	$632,951	$-1,731

Central Alabama Development Corporation