ALABAMA EDUCATION RETIREES FOUNDATION

EIN: 570894883 501(c)(3) Education

MONTGOMERY, AL

Total Revenue
$13,247
Total Expenses
$21,689
Total Assets
$1,319
Net Assets
$1,319
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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
1989
Legal Domicile
AL
Principal Officer
WENDY LANG
Phone
3342624177
Tax Period
2024-09-01 to 2025-08-31

ALABAMA EDUCATION RETIREES FOUNDATION, founded in 1989, is a micro nonprofit in the Education sector that reported $13K in total revenue in fiscal year 2024. Revenue fell 38% from the prior year — a significant decline worth monitoring. Expenses of $22K exceeded revenue, resulting in a 64% operating deficit.

Mission

TO PROVIDE SCHOLARSHIPS FOR THOSE WHO ARE CURRENTLY ENGAGED IN EDUCATION AS A CAREER

Program Service Accomplishments

Program 1
Expenses: $14,997

THE FOUNDATION PROVIDED SCHOLARSHIPS TO 9 INDIVIDUALS WHO ARE CURRENTLY ENGAGED IN EDUCATION AS A CAREER

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $13,245
Program Service Revenue $0
Investment Income $2
Other Revenue $0
TOTAL REVENUE $13,247

Expense Breakdown

Grants Paid $14,943
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $14,997
Other Expenses $6,746
TOTAL EXPENSES $21,689

Year-over-Year Comparison

2024 2023 Change
Revenue $13,247 $21,303 -0.4%
Expenses $21,689 $128,691 -0.8%
Net Income $-8,442 $-107,388 -0.9%
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

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Governance

Voting Members
10
Independent Members
10
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
4
$0
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CAROL ABERNATHY VICE PRESIDE N/A
Officer Director
$0 $0 $0
DEBBIE LANE DIRECTOR N/A
Director
$0 $0 $0
BRENDA LOCKHART DIRECTOR N/A
Director
$0 $0 $0
JEAN MADDEN SECRETARY N/A
Officer Director
$0 $0 $0
GWEN PETERSON PRESIDENT N/A
Officer Director
$0 $0 $0
JOY SEYBOLD DIRECTOR N/A
Director
$0 $0 $0
MITZI SMALLWOOD DIRECTOR N/A
Director
$0 $0 $0
LARRY STEWART DIRECTOR N/A
Director
$0 $0 $0
DR STAFFORD THOMPSON DIRECTOR N/A
Director
$0 $0 $0
HERBERT WHITE DIRECTOR N/A
Director
$0 $0 $0
WENDY LANG EXECUTIVE DI N/A
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
2025 $13,247 $21,689 $1,319 $-8,442
2024 $21,303 $128,691 $9,761 $-107,388
2023 $17,068 $26,827 $117,149 $-9,759
2022 $7,572 $194,272 $126,908 $-186,700
2021 $15,999 $23,344 $313,608 $-7,345
2019 $12,228 $21,164 $310,754 $-8,936
2018 $15,481 $27,809 $319,690 $-12,328
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