Alabama Small Business Development Initiative (EIN 465559627) - 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

2015

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

Alabama Small Business Development Initiative, founded in 2015, is a small nonprofit in the Public & Societal Benefit sector that reported $741K in total revenue in fiscal year 2021. Revenue surged 416% from the prior year, signaling strong growth momentum. The organization ran a surplus of $644K, a strong 87% operating margin.

Mission

The ASBDI is the administrator of the Alabama Community Loan Fund ACLF which works in partnership with organizations across the state

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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 $265,000

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $265,000

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $232,005

Other Expenses $232,005

TOTAL EXPENSES $232,005

Year-over-Year Comparison

	2023	2022	Change
Revenue	$265,000	$182,500	+0.5%
Expenses	$232,005	$704,149	-0.7%
Net Income	$32,995	$-521,649	-1.1%

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
Rashada Leroy	Board Member	1.00	Director	$0	$0	$0
Rod Jones	Board Member	1.00	Director	$0	$0	$0
Selena R Dickerson	Board Member	1.00	Director	$0	$0	$0
Smith	Board Member	1.00	Director	$0	$0	$0
Lisa Cooper	Board Member	1.00	Director	$0	$0	$0
Michael W Wesley Sr	Board member	1.00	Director	$0	$0	$0
Richard Busby	Board member	1.00	Director	$0	$0	$0
Audrey Vaughn	Board member	1.00	Director	$0	$0	$0
LeDon Jones	President	5.00	Officer 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	$265,000	$232,005	$262,077	$32,995
2022	$182,500	$704,149	$223,090	$-521,649
2021	$741,286	$97,758	$744,739	$643,528

Alabama Small Business Development Initiative