ALABAMA SCHOOL OF FINE ARTS FOUNDATION (EIN 510196130) - 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

1978

Legal Domicile

Principal Officer

MARK ROBERTSON

Phone

2052526617

Tax Period

2024-07-01 to 2025-06-30

ALABAMA SCHOOL OF FINE ARTS FOUNDATION, founded in 1978, is a community nonprofit that reported $1.1M in total revenue in fiscal year 2017. Revenue surged 54% from the prior year, signaling strong growth momentum. Expenses of $1.3M exceeded revenue, resulting in a 15% operating deficit.

Mission

THE FOUNDATION'S PURPOSE IS TO SPONSOR AND ENCOURAGE THE EFFORTS OF THE ALABAMA SCHOOL OF FINE ARTS. THE SCHOOL IS THE BENEFICIARY OF ALL GIFTS AND CHARITABLE DISBURSEMENTS, AND QUALIFIES FOR SUCH DUE TO ITS NOT FOR PROFIT CORPORATE STATUS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $446,080

Program Service Revenue $136,558

Investment Income $32,406

Other Revenue $323,138

TOTAL REVENUE $938,182

Expense Breakdown

Grants Paid $101,289

Salaries & Benefits $0

Fundraising Expenses $219,323

Program Expenses $851,076

Other Expenses $1,055,008

TOTAL EXPENSES $1,156,297

Year-over-Year Comparison

	2024	2023	Change
Revenue	$938,182	$914,778	+0.0%
Expenses	$1,156,297	$1,102,876	+0.0%
Net Income	$-218,115	$-188,098	+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

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

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
JEFF DAVIS	PAST-PRESIDENT	1.00	Officer Director	$0	$0	$0
JONATHAN PHILLIPS	PRESIDENT ELECT	1.00	Officer Director	$0	$0	$0
MARK ROBERTSON	PRESIDENT	1.00	Officer Director	$0	$0	$0
BRIAN EDWARDS	SECRETARY	1.00	Officer Director	$0	$0	$0
WARREN WHATLEY	FINANCE CHAIR	1.00	Officer Director	$0	$0	$0
ROBERT RAIFORD	DIRECTOR	1.00	Director	$0	$0	$0
PAT TAYLOR	DIRECTOR	1.00	Director	$0	$0	$0
SHAHAR ABRAMS	DIRECTOR	1.00	Director	$0	$0	$0
KELLY ALLISON	DIRECTOR	1.00	Director	$0	$0	$0
TOMMY BICE	DIRECTOR	1.00	Director	$0	$0	$0
SHARON BLACKBURN	DIRECTOR	1.00	Director	$0	$0	$0
DAVID FINN	DIRECTOR	1.00	Director	$0	$0	$0
DAN FREDERICK	DIRECTOR	1.00	Director	$0	$0	$0
SONYA GARDNER	DIRECTOR	1.00	Director	$0	$0	$0
MARGARET LACEY	DIRECTOR	1.00	Director	$0	$0	$0
GIANNA MANDICH	DIRECTOR	1.00	Director	$0	$0	$0
TIM MITCHELL	DIRECTOR	1.00	Director	$0	$0	$0
SELENA ROGERS DICKERSON	DIRECTOR	1.00	Director	$0	$0	$0
KIM SAVAGE	DIRECTOR	1.00	Director	$0	$0	$0
JEAN SHANKS	DIRECTOR	1.00	Director	$0	$0	$0
RANDY SULLIVAN	DIRECTOR	1.00	Director	$0	$0	$0
HUNTER WILLIAMS	DIRECTOR	1.00	Director	$0	$0	$0
RYAN POOLE	BOOKKEEPER	40.00	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
2025	$938,182	$1,156,297	$11,175,461	$-218,115
2024	$914,778	$1,102,876	$11,168,918	$-188,098
2023	$616,810	$1,068,661	$11,256,941	$-451,851
2022	$952,331	$1,213,580	$11,488,662	$-261,249
2021	$542,497	$884,001	$12,072,272	$-341,504
2020	$804,927	$914,211	$12,234,624	$-109,284
2019	$970,449	$1,096,088	$12,319,677	$-125,639
2018	$1,147,689	$1,321,032	$12,202,809	$-173,343

ALABAMA SCHOOL OF FINE ARTS FOUNDATION