WEST ANNISTON FOUNDATION INC (EIN 522362680) - 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

2001

Legal Domicile

Principal Officer

DENNIS GIBSON

Phone

2562389900

Tax Period

2023-01-01 to 2023-12-31

WEST ANNISTON FOUNDATION INC, founded in 2001, is a small nonprofit in the Human Services sector that reported $124K in total revenue in fiscal year 2018. Revenue fell 46% from the prior year — a significant decline worth monitoring. Expenses of $272K exceeded revenue, resulting in a 119% operating deficit.

Mission

TO PROVIDE EDUCATIONAL AND HEALTH RELATED ASSISTANCE TO THE CITIZENS OF CALHOUN COUNTY, ALABAMA

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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 $524,627

Program Service Revenue $0

Investment Income $683

Other Revenue $59,234

TOTAL REVENUE $584,544

Expense Breakdown

Grants Paid $0

Salaries & Benefits $246,940

Fundraising Expenses $0

Program Expenses $471,169

Other Expenses $305,924

TOTAL EXPENSES $552,864

Year-over-Year Comparison

	2023	2022	Change
Revenue	$584,544	$189,199	+2.1%
Expenses	$552,864	$314,445	+0.8%
Net Income	$31,680	$-125,246	-1.3%

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
KAY BEARD	DIR. OF OPER	N/A	Director	$0	$0	$0
DENNIS GIBSON	PRESIDENT	N/A	Officer Director	$0	$0	$0
JERRY GLOVER	MEMBER	N/A	Director	$0	$0	$0
NEFRETERI JONES	MEMBER	N/A	Director	$0	$0	$0
ELIZABETH WHATLEY	TREASURER	N/A	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	$584,544	$552,864	$678,877	$31,680
2022	$189,199	$314,445	$349,936	$-125,246
2021	$103,249	$192,748	$424,442	$-89,499
2020	$108,662	$189,240	$523,442	$-80,578
2019	$158,026	$228,228	$485,402	$-70,202
2018	$124,288	$272,033	$555,610	$-147,745

WEST ANNISTON FOUNDATION INC