Southern Appalachian Labor School … - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1977

Legal Domicile

Tax Period

2024-01-01 to 2024-12-31

Southern Appalachian Labor School Foundation Inc, founded in 1977, is a small nonprofit that reported $862K in total revenue in fiscal year 2024. Revenue decreased 10% compared to the prior year. Expenses of $1.2M exceeded revenue, resulting in a 40% operating deficit.

Mission

The Organization provides education, training, and& contact with labor groups for high school drop-outs to obtain certifications and licenses for skilled labor. Also, housing counseling and decent housing is provided for low-income and moderate income families.

Program Service Accomplishments

Program 1

Expenses: $1,117,599 Revenue: $862,098

YouthBuild is our biggest project and we help high school dropouts obtain their GEDs, and to go on to obtain certifications & licenses for skilled labor. We work with labor groups and the community to provide housing counseling and decent housing to low-income and moderate income families. With our trained workers, skilled consultants, and volunteers, we engage in the production of affordable housing. A large part of our resourses are also used to repair and make alterations to owner-occupied homes to bring them to a livable standard.

Program 2

Our Feed and Read program provides meals for school children after school and during summer break.

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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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $569,326

Program Service Revenue $261,781

Investment Income $3,131

Other Revenue $27,860

TOTAL REVENUE $862,098

Expense Breakdown

Grants Paid $0

Salaries & Benefits $182,938

Fundraising Expenses $0

Program Expenses $1,117,599

Other Expenses $1,021,835

TOTAL EXPENSES $1,204,773

Year-over-Year Comparison

	2024	2023	Change
Revenue	$862,098	$960,304	-0.1%
Expenses	$1,204,773	$1,148,044	+0.0%
Net Income	$-342,675	$-187,740	+0.8%

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

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
Bolts Willis	Director	1.00	Director	$0	$0	$0
Debbie Wills	Director	1.00	Director	$0	$0	$0
Jack Platter	Director	1.00	Director	$0	$0	$0
Joe Webb	Chairman	10.00	Officer Director	$0	$0	$0
Amanda Hammons	Director	1.00	Director	$0	$0	$0
Kenneth Dangerfield	Director	1.00	Director	$0	$0	$0
Brenda Winter	Director	1.00	Director	$0	$0	$0
Wayne Armstrong	Director	1.00	Director	$0	$0	$0
Tom Bass	Director	1.00	Director	$0	$0	$0
Bill Laird	Director	1.00	Director	$0	$0	$0
Alisha Young	Director	1.00	Director	$0	$0	$0
John David	Executive Director	50.00	Officer Director	$0	$0	$0
Gary Zuckett	Director	10.00	Director	$0	$0	$0
Donna Platter	Director	1.00	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	$862,098	$1,204,773	$2,127,537	$-342,675
2023	$960,304	$1,148,044	$2,428,439	$-187,740
2022	$873,693	$760,968	$2,514,451	$112,725
2021	$465,310	$628,103	$2,585,224	$-162,793
2020	$806,921	$906,029	$2,652,715	$-99,108
2019	$996,414	$1,202,184	$2,635,606	$-205,770
2018	$1,224,020	$1,185,108	$3,059,824	$38,912

Southern Appalachian Labor School Foundation Inc