ALABAMA JUDICIAL COLLEGE EDUCATION… - Form 990 Financial Data

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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

2012

Legal Domicile

Principal Officer

WALLY LOWERY

Phone

3349545089

Tax Period

2023-10-01 to 2024-09-30

ALABAMA JUDICIAL COLLEGE EDUCATION FUND, founded in 2012, is a community nonprofit in the Employment sector that reported $1.0M in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $994K left a modest 4% surplus.

Mission

TO FOSTER AND MAINTAIN THE INTEGRITY OF THE JUDICIARY, TO PROMOTE A BROADER UNDERSTANDING AND ACCEPTANCE OF THE UNIFIED JUDICIAL SYSTEM, TO ENCOURAGE THE EXCHANGE OF PROFESSIONAL KNOWLEDGE, TO ENHANCE THE STANDARDS OF PROFESSIONAL ETHICS, AND TO ENCOURAGE, ESTABLISH, AND MAINTAIN HIGH STANDARDS BY ASSISTING IN PROVIDING CONTINUED TRAINING AND EDUCATION PROGRAMS TO THE OFFICIALS AND EMPLOYEES OF ALABAMA'S UNIFIED JUDICIAL SYSTEM.

Program Service Accomplishments

Program 1

Expenses: $993,812 Revenue: $1,038,837

CONTINUED TRAINING AND EDUCATION PROGRAMS FOR THE OFFICIALS AND EMPLOYEES OF ALABAMA'S UNIFIED JUDICIAL SYSTEM.

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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 $0

Program Service Revenue $1,038,837

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,038,837

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $993,812

Other Expenses $993,812

TOTAL EXPENSES $993,812

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,038,837	$938,125	+0.1%
Expenses	$993,812	$1,116,408	-0.1%
Net Income	$45,025	$-178,283	-1.3%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICH HOBSON	DIRECTOR	0.50	Director	$0	$0	$0
WALLY LOWERY	DIRECTOR	40.00	Director	$0	$0	$0
HONORABLE TOM PARKER	CHIEF JUSTIC	0.50	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	$1,038,837	$993,812	$281,890	$45,025
2023	$938,125	$1,116,408	$236,865	$-178,283
2022	$783,002	$753,719	$415,148	$29,283
2021	$576,299	$462,535	$385,865	$113,764
2020	$558,341	$680,775	$272,101	$-122,434

ALABAMA JUDICIAL COLLEGE EDUCATION FUND