ECONOMIC DEVELOPMENT PARTNERSHIP OF ALABAMA INC

EIN: 581904013

BIRMINGHAM, AL

Total Revenue
$3,857,219
Total Expenses
$5,007,067
Total Assets
$14,524,728
Net Assets
$11,364,339
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
1990
Legal Domicile
AL
Principal Officer
GREG BARKER
Phone
2059434700
Tax Period
2023-01-01 to 2023-12-31

ECONOMIC DEVELOPMENT PARTNERSHIP OF ALABAMA INC, founded in 1990, is a community nonprofit that reported $2.2M in total revenue in fiscal year 2018. Revenue fell 47% from the prior year — a significant decline worth monitoring. Expenses of $3.8M exceeded revenue, resulting in a 68% operating deficit.

Mission

TO ADVANCE ECONOMIC AND BUSINESS GROWTH IN 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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,463,661
Program Service Revenue $2,924,900
Investment Income $179,396
Other Revenue $-710,738
TOTAL REVENUE $3,857,219

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,378,058
Fundraising Expenses $0
Other Expenses $3,629,009
TOTAL EXPENSES $5,007,067

Year-over-Year Comparison

2023 2022 Change
Revenue $3,857,219 $13,173,018 -0.7%
Expenses $5,007,067 $6,986,625 -0.3%
Net Income $-1,149,848 $6,186,393 -1.2%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Governance

Voting Members
34
Independent Members
34
Employees
20
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
6
$766,795
Total Directors
33
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JEFF PEOPLES CHAIRMAN 1.00
Officer Director
$0 $0 $0
ANGUS COOPER DIRECTOR 0.10
Director
$0 $0 $0
STEPHANIE BRYAN DIRECTOR 0.10
Director
$0 $0 $0
MACK DOVE DIRECTOR 0.10
Director
$0 $0 $0
REID DOVE DIRECTOR 0.10
Director
$0 $0 $0
NATHANIEL DRUMMOND DIRECTOR 0.10
Director
$0 $0 $0
MICHAEL GOEBEL DIRECTOR 0.10
Director
$0 $0 $0
JIM GORRIE DIRECTOR 0.10
Director
$0 $0 $0
JOE HAMPTON DIRECTOR 0.10
Director
$0 $0 $0
BILLY HARBERT DIRECTOR 0.10
Director
$0 $0 $0
GREG HENDERSON DIRECTOR 0.10
Director
$0 $0 $0
JIM HUDSON DIRECTOR 0.10
Director
$0 $0 $0
MIKE KEMP DIRECTOR 0.10
Director
$0 $0 $0
JOHN MCCULLOUGH DIRECTOR 0.10
Director
$0 $0 $0
LIZ PHARO DIRECTOR 0.10
Director
$0 $0 $0
JIMMY SANFORD DIRECTOR 0.10
Director
$0 $0 $0
GARY SMITH DIRECTOR 0.10
Director
$0 $0 $0
MACKE MAULDIN DIRECTOR 0.10
Director
$0 $0 $0
FINIS ST JOHN IV DIRECTOR 0.10
Director
$0 $0 $0
TOM STANTON DIRECTOR 0.10
Director
$0 $0 $0
MICHAEL THOMPSON DIRECTOR 0.10
Director
$0 $0 $0
JOHN TURNER JR DIRECTOR 0.10
Director
$0 $0 $0
TIM VINES DIRECTOR 0.10
Director
$0 $0 $0
NEILL WRIGHT DIRECTOR 0.10
Director
$0 $0 $0
RUFFNER PAGE JR DIRECTOR 0.10
Director
$0 $0 $0
JAMES RANE JR DIRECTOR 0.10
Director
$0 $0 $0
SCOTT ADAMS DIRECTOR 0.10
Director
$0 $0 $0
DAVID COOPER DIRECTOR 0.10
Director
$0 $0 $0
CHRIS FALK DIRECTOR 0.10
Director
$0 $0 $0
CHRISTOPHER ROBERTS DIRECTOR 0.10
Director
$0 $0 $0
DARYL TAYLOR DIRECTOR 0.10
Director
$0 $0 $0
LAMAR WHITAKER DIRECTOR 0.10
Director
$0 $0 $0
NICHOLAS WILLIS DIRECTOR 0.10
Director
$0 $0 $0
GREG BARKER PRESIDENT 36.00
Officer
$0 $0 $0
LAUREN HYDE VICE PRESIDENT 36.00
Officer
$185,480 $8,812 $194,292
MILLER GIRVIN EXECUTIVE VICE PRESIDENT O 2.00
Officer
$225,100 $28,442 $253,542
KATHERINE HUGHES VICE PRESIDENT OF INNOVATI 1.00
Officer
$136,828 $27,094 $163,922
BAKARI MILLER VICE PRESIDENT OF BUSINESS 40.00
Officer
$140,890 $14,149 $155,039
STEVE SEWELL EXECUTIVE VICE PRESIDENT 36.00
Highest
$224,082 $32,000 $256,082
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 No data No data No data No data
2023 $3,857,219 $5,007,067 $14,524,728 $-1,149,848
2022 $13,173,018 $6,986,625 $16,863,567 $6,186,393
2021 $5,250,949 $5,694,366 $16,193,879 $-443,417
2020 $2,671,626 $3,066,139 $7,728,104 $-394,513
2019 $5,955,088 $5,958,410 $8,117,872 $-3,322
2019 $5,946,438 $6,341,692 $7,725,940 $-395,254
2018 $2,242,665 $3,758,431 $8,333,573 $-1,515,766
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