ALABAMA EDUCATION RETIREES FOUNDATION (EIN 570894883) - 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

1989

Legal Domicile

Principal Officer

JILL JACKSON

Phone

3342624177

Tax Period

2023-09-01 to 2024-08-31

ALABAMA EDUCATION RETIREES FOUNDATION, founded in 1989, is a micro nonprofit in the Education sector that reported $15K in total revenue in fiscal year 2017. Revenue fell 30% from the prior year — a significant decline worth monitoring. Expenses of $28K exceeded revenue, resulting in a 80% operating deficit.

Mission

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

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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 $21,277

Program Service Revenue $0

Investment Income $26

Other Revenue $0

TOTAL REVENUE $21,303

Expense Breakdown

Grants Paid $19,057

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $122,169

Other Expenses $109,634

TOTAL EXPENSES $128,691

Year-over-Year Comparison

	2023	2022	Change
Revenue	$21,303	$17,068	+0.2%
Expenses	$128,691	$26,827	+3.8%
Net Income	$-107,388	$-9,759	+10.0%

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

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
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
JILL JACKSON	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
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

ALABAMA EDUCATION RETIREES FOUNDATION