THE EXCEPTIONAL FOUNDATION OF EAST ALABAMA INC

EIN: 455344209 501(c)(3) Human Services

AUBURN, AL

Total Revenue
$1,616,977
Total Expenses
$782,718
Total Assets
$2,989,396
Net Assets
$2,975,547
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
2016
Legal Domicile
AL
Principal Officer
DREW SPEAKMAN
Phone
3347284727
Tax Period
2023-01-01 to 2023-12-31

THE EXCEPTIONAL FOUNDATION OF EAST ALABAMA INC, founded in 2016, is a small nonprofit in the Human Services sector that reported $313K in total revenue in fiscal year 2018. Revenue surged 70% from the prior year, signaling strong growth momentum. Expenses of $297K left a modest 5% surplus.

Mission

THE PURPOSE OF THE EXCEPTIONAL FOUNDATION OF EAST ALABAMA IS TO PROVIDE A PROGRAM FOR INDIVIDUALS WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITIES TO EXPERIENCE A BROAD RAGE OF SOCIAL AND RECREATIONAL ACTIVITIES.

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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 $1,407,512
Program Service Revenue $240,055
Investment Income $78,244
Other Revenue $-108,834
TOTAL REVENUE $1,616,977

Expense Breakdown

Grants Paid $0
Salaries & Benefits $519,430
Fundraising Expenses $24,922
Program Expenses $700,147
Other Expenses $263,288
TOTAL EXPENSES $782,718

Year-over-Year Comparison

2023 2022 Change
Revenue $1,616,977 $1,532,901 +0.1%
Expenses $782,718 $580,299 +0.3%
Net Income $834,259 $952,602 -0.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
11
Independent Members
11
Employees
26
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
2
$111,000
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHRISTIN BANCROFT BOARD MEMBER 1.00
Director
$0 $0 $0
ASHLEY BENSON BOARD MEMBER 1.00
Director
$0 $0 $0
KIM HUDSON BOARD MEMBER 1.00
Director
$0 $0 $0
BETH JONES BOARD MEMBER 1.00
Director
$0 $0 $0
OUIDA LAWRENCE FOUNDER 1.00
Director
$0 $0 $0
MICHELLE OTWELL BOARD MEMBER 1.00
Director
$0 $0 $0
DAVID REAVES BOARD MEMBER 1.00
Director
$0 $0 $0
BILL SCOTT BOARD MEMBER 1.00
Director
$0 $0 $0
CRAWFORD TATUM CHAIRMAN 1.00
Director
$0 $0 $0
LARRY THORNE BOARD MEMBER 1.00
Director
$0 $0 $0
DREW YOUNG BOARD MEMBER 1.00
Director
$0 $0 $0
MARY SPEAKMAN EXECUTIVE DIRECTOR 40.00
Officer
$51,000 $0 $51,000
DANA CLEVELAND DIRECTOR PROGRAMMING 40.00
Officer
$60,000 $0 $60,000
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 $1,616,977 $782,718 $2,989,396 $834,259
2022 $1,532,901 $580,299 $2,152,232 $952,602
2021 $1,287,335 $523,362 $1,206,448 $763,973
2020 $565,795 $538,435 $508,161 $27,360
2019 $496,371 $411,317 $403,074 $85,054
2018 $313,224 $296,707 $309,877 $16,517
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