SPIRIT OF ATHENS ALABAMA INC (EIN 510606971) - 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

2006

Legal Domicile

Principal Officer

Tere Richardson

Tax Period

2023-01-01 to 2023-12-31

SPIRIT OF ATHENS ALABAMA INC, founded in 2006, is a small nonprofit in the Community Improvement sector that reported $217K in total revenue in fiscal year 2022. The organization ran a surplus of $72K, a strong 33% operating margin.

Mission

EDUCATE & INFORM CITIZENS OF ATHENS, AL & MEMBERS WITH RESPECT TO TOPICS OF COMMON INTEREST AND CONCERN TO THE DOWNTOWN AREA. SPONSOR CULTURAL, EMPLOYMENT AND COMMERCIAL PROJECTS.

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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 $313,125

Program Service Revenue $10,203

Investment Income $57

Other Revenue $0

TOTAL REVENUE $323,385

Expense Breakdown

Grants Paid $0

Salaries & Benefits $35,525

Fundraising Expenses $0

Program Expenses $151,034

Other Expenses $152,970

TOTAL EXPENSES $188,495

Year-over-Year Comparison

	2023	2022	Change
Revenue	$323,385	N/A	N/A
Expenses	$188,495	N/A	N/A
Net Income	$134,890	N/A	N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Letisha Brinkley	Director	2.00	Director	$0	$0	$0
Jimmy Woodroof	Director	2.00	Director	$0	$0	$0
Brad Mallette	Director	2.00	Director	$0	$0	$0
Michelle Williamson	Director	2.00	Director	$0	$0	$0
Andrew Dollar	Director	2.00	Director	$0	$0	$0
Mason Matthews	Treasurer	5.00	Director	$0	$0	$0
William Ming	Director	2.00	Director	$0	$0	$0
Tommy Coblentz	Vice President	3.00	Officer	$0	$0	$0
Shane Black	President	3.00	Officer	$0	$0	$0
Tere Richardson	Executive Director	40.00	Officer	$0	$0	$0
Amy Higginbotham	Secretary	5.00	Officer	$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	$323,385	$188,495	$366,859	$134,890
2022	$216,708	$144,464	$231,969	$72,244

SPIRIT OF ATHENS ALABAMA INC