WOMEN'S FOUNDATION OF ALABAMA

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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

2011

Legal Domicile

Principal Officer

MELANIE R BRIDGEFORTH

Phone

2053264454

Tax Period

2023-01-01 to 2023-12-31

WOMEN'S FOUNDATION OF ALABAMA, founded in 2011, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $5.5M in total revenue in fiscal year 2023. Revenue surged 186% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.5M, a strong 45% operating margin.

Mission

WOMEN'S FOUNDATION OF ALABAMA IS A COMMUNITY-DRIVEN FOUNDATION IMPACTING THE WORLD AROUND US BY ACCELERATING ECONOMIC OPPORTUNITY FOR WOMEN. WE ENVISION A SOCIETY WHERE POWER AND POSSIBILITY ARE NOT LIMITED BY GENDER, RACE, OR PLACE. FOUNDED AS A REGIONAL WOMEN'S FUND IN 1996, THE WOMEN'S FOUNDATION OF ALABAMA IS THE STATE'S ONLY PUBLIC WOMEN'S FOUNDATION APPLYING GENDER LENS TO GRANTMAKING, RESEARCH, AND ADVOCACY.

Program Service Accomplishments

Program 1

Expenses: $1,053,225 Revenue: $50,000

PHILANTHROPYWOMEN'S FOUNDATION OF ALABAMA'S (WFA) GRANTMAKING SUPPORTS HIGH-IMPACT PROGRAMS AND PUBLIC POLICY ADVOCACY INITIATIVES PROVEN TO ACCELERATE ECONOMIC OPPORTUNITY FOR WOMEN. AS A PART OF...

PHILANTHROPYWOMEN'S FOUNDATION OF ALABAMA'S (WFA) GRANTMAKING SUPPORTS HIGH-IMPACT PROGRAMS AND PUBLIC POLICY ADVOCACY INITIATIVES PROVEN TO ACCELERATE ECONOMIC OPPORTUNITY FOR WOMEN. AS A PART OF OUR STRATEGY, WE PROVIDED TECHNICAL ASSISTANCE TO COMMUNITY COLLEGES AND GIRL-SERVING ORGANIZATIONS, IMPLEMENTING MODELS AND CURRICULA CREATED BY THE FOUNDATION. IN 2023, TEN COMMUNITY COLLEGES ACROSS THE STATE WERE FUNDED TO IMPLEMENT OUR STUDENT PARENT SUCCESS MODEL, WHICH ALIGNS A CAREER-SPECIFIC TRAINING PROGRAM WITH WRAPAROUND SUPPORT SERVICES, INCLUDING HIGH-QUALITY CHILDCARE, TRANSPORTATION, AND COACHING FOR STUDENT PARENTS. 2023 MARKED OUR FIRST STATEWIDE COMPETITIVE GRANT CYCLE FOR THE FOUNDATION IN ITS HISTORY. THE 45 OF GRANTS AWARDED IN 2023 IMPACTED OVER 6,000 WOMEN AND GIRLS ACROSS OUR THREE FOCUS AREAS.

Program 2

Expenses: $56,645 Revenue: $96,231

RESEARCHWOMEN'S FOUNDATION OF ALABAMA COMMISSIONS AND COMMUNICATES RESEARCH TO SHAPE POLICY, SPUR PUBLIC DIALOGUE, AND ELEVATE ISSUES MOST IMPACTING WOMEN'S ECONOMIC OPPORTUNITY. IN 2023, WE RELEASED CLEARING THE PATH: A BUSINESS CASE FOR CHILDCARE. THE REPORT EXAMINES THE IMPACT OF EXPANDED CHILDCARE OPTIONS ON ALABAMA'S BUSINESSES, ECONOMY AND FAMILIES. AS WE LOOK AHEAD TO THE FUTURE, THE DEMAND FOR A SKILLED LABOR FORCE WILL ONLY INCREASE AS ALABAMA CONTINUES TO ATTRACT AND GROW BUSINESS AND INDUSTRY NECESSARY TO UNDERGIRD A VIBRANT ECONOMY. THE REPORT OUTLINES THE CHALLENGES FACING ALABAMA'S CHILDCARE SYSTEM AND OFFERS RECOMMENDATIONS FOR BUSINESS LEADERS, STATE LAWMAKERS, AND THE BROADER ADVOCACY COMMUNITY TO ADDRESS THOSE CHALLENGES. WE DISTRIBUTED MORE THAN 7,000 COPIES OF CLEARING THE PATH: THE BUSINESS CASE FOR CHILDCARE.

Program 3

Expenses: $143,683 Revenue: $26,500

ADVOCACYTO ADDRESS GENDER INEQUITIES, WFA LEVERAGES PUBLIC POLICY ADVOCACY AS A STRATEGIC TOOL FOR CHANGE BECAUSE WE KNOW THAT PHILANTHROPY ALONE IS NOT ENOUGH. TO SHIFT THE PARADIGM FROM CHARITY TO JUSTICE, WFA CHAMPIONED NONPARTISAN COMMON SENSE POLICY SOLUTIONS SUPPORTING WOMEN'S ECONOMIC OPPORTUNITY. OUR 2023 AGENDA FOR WOMEN URGED ALABAMA LAWMAKERS TO ADVANCE EQUITY THROUGH WORKPLACE SUPPORTS AND MATERNAL HEALTH. INFORMED BY OUR RESEARCH, OUR AGENDA FOCUSED ON WHAT WOMEN NEED TO ENTER AND REMAIN IN THE WORKFORCE: CHILDCARE, MATERNAL HEALTH, AND WORKFORCE OPPORTUNITIES. WE WERE SUCCESSFUL IN INCREASING STATE INVESTMENTS TO SCALE PROVEN WORKFORCE DEVELOPMENT MODELS, EXPAND FUNDING FOR CHILDCARE, SAFE-GUARDING THE INVESTMENT TO THE MATERNAL MORTALITY REVIEW AND CONTINUED FUNDING FOR THE POSTPARTUM MEDICAID COVERAGE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $5,463,561

Program Service Revenue $0

Investment Income $58,722

Other Revenue $0

TOTAL REVENUE $5,522,283

Expense Breakdown

Grants Paid $1,206,785

Salaries & Benefits $982,905

Fundraising Expenses $477,152

Program Expenses $2,165,826

Other Expenses $857,183

TOTAL EXPENSES $3,046,873

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,522,283	$1,934,001	+1.9%
Expenses	$3,046,873	$2,117,252	+0.4%
Net Income	$2,475,410	$-183,251	-14.5%

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

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

$211,537

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAWN HELMS SHARFF	CHAIR	7.50	Officer Director	$0	$0	$0
LAJUANA TUCKER BRADFORD	VICE CHAIR	4.00	Officer Director	$0	$0	$0
MAYE HEAD FREI	TREASURER	4.00	Officer Director	$0	$0	$0
BROOKE COLEMAN	SECRETARY	4.00	Officer Director	$0	$0	$0
BRANTLEY FRY	IMMEDIATE PAST CHAIR	4.00	Officer Director	$0	$0	$0
TIFFANY JOHNSON COLE	DIRECTOR	1.00	Director	$0	$0	$0
PAIGE DANIEL	DIRECTOR	1.00	Director	$0	$0	$0
JESSICA M FRIEDMAN	DIRECTOR	1.00	Director	$0	$0	$0
ELIZABETH COLE GOODRICH	DIRECTOR	1.00	Director	$0	$0	$0
RINA HURST	DIRECTOR	1.00	Director	$0	$0	$0
ANGELA JARRETT	DIRECTOR	1.00	Director	$0	$0	$0
MARY PAT LAWRENCE	DIRECTOR	1.00	Director	$0	$0	$0
BROOKE REID	DIRECTOR	1.00	Director	$0	$0	$0
QUENTIN RIGGINS	DIRECTOR	1.00	Director	$0	$0	$0
GUIN ROBINSON	DIRECTOR	1.00	Director	$0	$0	$0
HAMPTON STEPHENS	DIRECTOR	1.00	Director	$0	$0	$0
BRITNEY SUMMERVILLE	DIRECTOR	1.00	Director	$0	$0	$0
NANCY WATTS	DIRECTOR	1.00	Director	$0	$0	$0
MELANIE BRIDGEFORTH	PRESIDENT/ CEO	40.00	Officer	$197,309	$14,228	$211,537
LASHUNDRA PINKARD	COO	40.00	Highest	$110,000	$0	$110,000

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	$5,522,283	$3,046,873	$10,742,173	$2,475,410
2022	$1,934,001	$2,117,252	$5,835,347	$-183,251
2021	$4,344,648	$2,029,468	$6,816,261	$2,315,180
2020	$2,618,037	$1,733,285	$4,115,322	$884,752
2019	$1,235,178	$1,503,217	$2,954,844	$-268,039
2018	$1,006,165	$1,656,305	$3,108,638	$-650,140