ALABAMA CREDIT UNION FOUNDATION INC

EIN: 455638180 501(c)(3) Human Services

TUSCALOOSA, AL

Total Revenue
$544,226
Total Expenses
$302,690
Total Assets
$885,029
Net Assets
$885,029
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2012
Legal Domicile
AL
Principal Officer
STEVE SWOFFORD
Phone
2054695760
Tax Period
2023-01-01 to 2023-12-31

ALABAMA CREDIT UNION FOUNDATION INC, founded in 2012, is a small nonprofit in the Human Services sector that reported $544K in total revenue in fiscal year 2023. Revenue surged 32% from the prior year, signaling strong growth momentum. The organization ran a surplus of $242K, a strong 44% operating margin.

Mission

THE ALABAMA CREDIT UNION FOUNDATION IS DEDICATED TO STRENGTHENING THE COMMUNITY AND IMPROVING THE QUALITY OF LIFE BOTH NOW AND FOR FUTURE GENERATIONS. THE ORGANIZATION IS A VEHICLE FOR PRIVATE DONORS TO MAKE A LASTING CONTRIBUTION TO OUR COMMUNITY. THE ORGANIZATION FULFILLS ITS MISSION BY EDUCATING THE PUBLIC ABOUT THE PRACTICE OF PHILANTHROPY AND ITS BENEFITS BOTH TO DONORS AND TO THE COMMUNITY, AND SERVES AS A CATALYST AND RESOURCE TO EFFECTIVELY RESPOND TO COMMUNITY PROBLEMS.

Program Service Accomplishments

Program 1
Expenses: $302,690

THE ORGANIZATION DEVELOPED THE "SECRET MEALS FOR HUNGRY CHILDREN" PROGRAM THROUGH PARTNERSHIPS WITH LOCAL FOOD BANKS WITH THE OBJECTIVE OF ADDRESSING THE ISSUE OF HUNGER FACING ELEMENTARY SCHOOL...

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THE ORGANIZATION DEVELOPED THE "SECRET MEALS FOR HUNGRY CHILDREN" PROGRAM THROUGH PARTNERSHIPS WITH LOCAL FOOD BANKS WITH THE OBJECTIVE OF ADDRESSING THE ISSUE OF HUNGER FACING ELEMENTARY SCHOOL CHILDREN. THE PROGRAM SERVES MANY CHILDREN RECEIVING FREE OR REDUCED COST MEALS AT SCHOOL, BUT THE PROGRAM IS OPEN TO ANY CHILD IDENTIFIED BY SCHOOL OFFICIALS AS GOING HUNGRY OVER THE WEEKEND. THE SECRET MEALS PROGRAM SUPPLIES IDENTIFIED UNDER-NOURISHED ELEMENTARY SCHOOL-AGED CHILDREN WITH A 3.5 POUND FOOD PACKS IN THEIR BACKPACKS EVERY FRIDAY THROUGHOUT THE SCHOOL YEAR TO SUSTAIN THEM DURING THE WEEKEND FEEDING GAPS WHEN THEIR SCHOOL'S FREE/REDUCED COST MEALS ARE NOT AVAILABLE. THIS IS DONE ANONYMOUSLY, WHILE THE CHILDREN ARE OUT OF THE CLASSROOM, TO PREVENT THE CHILD FROM BEING SINGLED OUT OR MADE TO FEEL UNCOMFORTABLE. THE PROGRAM SERVES OVER 2,000 CHILDREN ACROSS SEVERAL COUNTIES IN ALABAMA.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $540,280
Program Service Revenue $0
Investment Income $1,824
Other Revenue $2,122
TOTAL REVENUE $544,226

Expense Breakdown

Grants Paid $302,690
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $302,690
Other Expenses $0
TOTAL EXPENSES $302,690

Year-over-Year Comparison

2023 2022 Change
Revenue $544,226 $413,492 +0.3%
Expenses $302,690 $210,033 +0.4%
Net Income $241,536 $203,459 +0.2%
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

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Liquidity & Cash Position

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Governance

Voting Members
5
Independent Members
5
Employees
N/A
Volunteers
200

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
3
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
STEVE SWOFFORD PRESIDENT 1.00
Officer Director
$0 $0 $0
SUSAN DARIA VICE-PRESIDENT 1.00
Officer Director
$0 $0 $0
KELLEY PORTER TREASURER 1.00
Officer Director
$0 $0 $0
SARA H CROCKER DIRECTOR 1.00
Director
$0 $0 $0
KIM RILEY DIRECTOR 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 No data No data No data No data
2023 $544,226 $302,690 $885,029 $241,536
2022 $413,492 $210,033 $643,493 $203,459
2021 $342,712 $249,717 $440,034 $92,995
2020 $238,041 $270,027 $347,039 $-31,986
2019 $352,535 $234,990 $379,025 $117,545
2018 $356,642 $301,248 $261,480 $55,394
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