BENNIE ADKINS FOUNDATION

EIN: 371832923 501(c)(3) Philanthropy & Grantmaking

Auburn, AL

Total Revenue
$25,809
Total Expenses
$198,580
Total Assets
$55,022
Net Assets
$55,022
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
2017
Legal Domicile
AL
Principal Officer
R B White
Phone
6153699899
Tax Period
2023-01-01 to 2023-12-31

BENNIE ADKINS FOUNDATION, founded in 2017, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $110K in total revenue in fiscal year 2021. Revenue surged 126% from the prior year, signaling strong growth momentum. The organization ran a surplus of $27K, a strong 24% operating margin.

Mission

Scholarships for special forces soldiers transitioning from military to civilian life.

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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 $30,275
Program Service Revenue $0
Investment Income $-4,466
Other Revenue $0
TOTAL REVENUE $25,809

Expense Breakdown

Grants Paid $195,165
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $0
Other Expenses $3,415
TOTAL EXPENSES $198,580

Year-over-Year Comparison

2023 2022 Change
Revenue $25,809 $80,258 -0.7%
Expenses $198,580 $39,178 +4.1%
Net Income $-172,771 $41,080 -5.2%
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

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Governance

Voting Members
12
Independent Members
12
Employees
N/A
Volunteers
10

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
1
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
W Keith Adkins MD Chairman of the Board 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
2023 $25,809 $198,580 $55,022 $-172,771
2022 $80,258 $39,178 $225,963 $41,080
2021 $110,452 $83,442 $187,328 $27,010
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