NEW SCHOOLS FOR ALABAMA (EIN 463827127) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2013

Legal Domicile

Principal Officer

TYLER BARNETT

Phone

2055738886

Tax Period

2023-10-01 to 2024-09-30

ALABAMA COALITION FOR PUBLIC CHARTER SCHOOLS, founded in 2013, is a small nonprofit in the Education sector that reported $202K in total revenue in fiscal year 2018. The organization ran a surplus of $146K, a strong 72% operating margin.

Mission

OUR MISSION IS TO SUPPORT THE GROWTH OF EXCELLENT PUBLIC CHARTER SCHOOLS IN ALABAMA TO ENSURE THAT EVERY CHILD HAS ACCESS TO A QUALITY PUBLIC EDUCATION.

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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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $9,224,469

Program Service Revenue $933,576

Investment Income $95,196

Other Revenue $12,397

TOTAL REVENUE $10,265,638

Expense Breakdown

Grants Paid $5,032,809

Salaries & Benefits $1,598,069

Fundraising Expenses $34,170

Program Expenses $7,216,207

Other Expenses $1,973,791

TOTAL EXPENSES $8,604,669

Year-over-Year Comparison

	2023	2022	Change
Revenue	$10,265,638	$8,181,256	+0.3%
Expenses	$8,604,669	$8,466,716	+0.0%
Net Income	$1,660,969	$-285,460	-6.8%

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

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

$731,162

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CAROL W BUTLER	CHAIR	3.00	Director	$0	$0	$0
DAVE BORDEN	DIRECTOR	3.00	Director	$0	$0	$0
MARIA KENNEDY	TREASURER	3.00	Director	$0	$0	$0
KHADIJAH ABDULLAH	VICE CHAIR	3.00	Director	$0	$0	$0
NICK GAEDE	DIRECTOR	3.00	Director	$0	$0	$0
MIHO KUBAGAWA	DIRECTOR	3.00	Director	$0	$0	$0
JAN MILLER	DIRECTOR	3.00	Director	$0	$0	$0
RICHARD PERRY	SECRETARY	3.00	Director	$0	$0	$0
JESSICA JANE WEDGEWORTH	EX-OFFICIO	3.00	Director	$0	$0	$0
BRIAN HAMILTON	DIRECTOR	3.00	Director	$0	$0	$0
CHARLES JACKSON	DIRECTOR	3.00	Director	$0	$0	$0
TYLER BARNETT	CHIEF EXECUTIVE OFFICER	40.00	Officer	$172,485	$25,038	$197,523
RUSSEL RANEY	CHIEF FINANCIAL OFFICER	40.00	Officer	$157,993	$17,046	$175,039
CANDIE A MITCHELL-PRICE	CHIEF COMMUNICATIONS OFFIC	40.00	Officer	$94,554	$4,579	$99,133
MIKE BROWN	CHIEF SCHOOL OFFICER	40.00	Officer	$135,985	$19,798	$155,783
NATALIE TUCKER	CHIEF OF STAFF	40.00	Officer	$100,664	$3,020	$103,684

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	$10,265,638	$8,604,669	$8,162,820	$1,660,969
2023	$8,181,256	$8,466,716	$5,404,006	$-285,460
2022	$9,659,694	$5,826,722	$5,276,502	$3,832,972
2021	$4,974,961	$4,793,668	$1,601,582	$181,293
2020	$2,021,184	$2,019,713	$671,010	$1,471
2018	$201,500	$55,881	$148,663	$145,619

NEW SCHOOLS FOR ALABAMA