NEW SCHOOLS FOR ALABAMA

EIN: 463827127 501(c)(3) Education

BIRMINGHAM, AL

Total Revenue
$10,265,638
Total Expenses
$8,604,669
Total Assets
$8,162,820
Net Assets
$5,494,975
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2013
Legal Domicile
AL
Principal Officer
TYLER BARNETT
Phone
2055738886
Tax Period
2023-10-01 to 2024-09-30

NEW SCHOOLS FOR ALABAMA, founded in 2013, is a mid-sized nonprofit in the Education sector that reported $10.3M in total revenue in fiscal year 2023. Revenue surged 25% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.7M, a strong 16% 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.

Program Service Accomplishments

Program 1
Expenses: $7,216,207 Revenue: $945,973

ADVOCACY : WE ADVOCATE FOR THE ADVANCEMENT OF POLICY THAT HELPS TO IMPROVE ALL PUBLIC SCHOOLS IN ALABAMA. MORE SPECIFICALLY, WE WORK WITH POLICY MAKERS AND ADMINISTRATIVE AGENCIES TO ENSURE THAT OUR...

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ADVOCACY : WE ADVOCATE FOR THE ADVANCEMENT OF POLICY THAT HELPS TO IMPROVE ALL PUBLIC SCHOOLS IN ALABAMA. MORE SPECIFICALLY, WE WORK WITH POLICY MAKERS AND ADMINISTRATIVE AGENCIES TO ENSURE THAT OUR LEGISLATIVE AGENDA SERVES THE BETTERMENT OF THE CHARTER SCHOOL COMMUNITY WHILE BEARING IN MIND THE BROADER NEEDS OF ALL PUBLIC SCHOOL STUDENTS IN ALABAMA. COMMUNITY ENGAGEMENT: WE ENSURE THAT PARENTS AND COMMUNITIES HAVE ACCESS TO CLEAR INFORMATION ABOUT SCHOOL QUALITY AND THE BENEFITS THAT OTHER OPTIONS MAY PRESENT. WE ENGAGE WITH PARENTS, FAMILIES, AND COMMUNITIES OF UNDERSERVED CHILDREN TO SUPPORT THEM TO MAKE APPROPRIATE SCHOOL CHOICES, IDENTIFY SCHOOL MODELS THAT FIT THEIR FAMILIES' NEED, AND GET INVOLVED IN THEIR CHILDREN'S EDUCATION. SCHOOL SUPPORT: TOWARDS THE GOAL OF QUALITY, WE SUPPORT SCHOOLS THROUGH PROVIDING TECHNICAL ASSISTANCE WORKSHOPS AND INDIVIDUALIZED SUPPORT IN AREAS SUCH AS TALENT DEVELOPMENT, FACILITY ACQUISITION AND OTHER ACADEMIC AREAS OF SUPPORT. NEW SCHOOL DEVELOPMENT: WE IDENTIFY THE HIGHEST-PERFORMING CHARTER SCHOOL NETWORKS IN THE NATION AND ACTIVELY RECRUIT THE BEST AMONG THEM TO ESTABLISH NEW SCHOOLS IN AREAS OF THE GREATEST NEED. WE WORK TO RECRUIT HIGH-CALIBER LEADERS AND DEVELOP HOMEGROWN LEADERS TO ESTABLISH GREAT SCHOOLS IN UNDERSERVED COMMUNITIES. WE PROVIDE TRAINING AND DEVELOPMENT IN BEST PRACTICE STRATEGIES IN SCHOOL STARTUP THROUGH OUR LEADERSHIP FELLOWS GRANT PROGRAM. ADDITIONALLY, WE ACTIVELY SEEK TO SECURE STATE AND FEDERAL FUNDS TO SUPPORT THE INVESTMENT IN LEADERSHIP AND ALL STARTUP ACTIVITIES THROUGH TECHNICAL ASSISTANCE AND COMPETITIVE GRANT PROGRAMS. TO DATE, WE HAVE AWARDED MORE THAN $22 MILLION IN GRANTS TO ALABAMA CHARTER SCHOOLS.

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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 $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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Governance

Voting Members
11
Independent Members
11
Employees
12
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
5
$731,162
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
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
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