ALABAMA BUSINESS CHARITABLE TRUST … - 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

1991

Legal Domicile

Principal Officer

STACI BROOKS

Phone

2052572424

Tax Period

2023-01-01 to 2023-12-31

ALABAMA BUSINESS CHARITABLE TRUST FUND INC, founded in 1991, is a community nonprofit that reported $1.3M in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $1.7M exceeded revenue, resulting in a 28% operating deficit.

Mission

THE PRIMARY MISSION OF THE TRUST IS TO BENEFIT SPECIFIC CHARITABLE ORGANIZATIONS THAT PROVIDE FINANCIAL ASSISTANCE TO LOW INCOME INDIVIDUALS WITH FINANCIAL EMERGENCIES IN CENTRAL AND SOUTH ALABAMA FOR ENERGY, FOOD, SHELTER, MEDICAL CARE AND EDUCATION.

Program Service Accomplishments

Program 1

Expenses: $564,079

EMERGENCY COOLING ASSISTANCE PROGRAM PROVIDES FUNDS FOR ENERGY ASSISTANCE DURING THE COOLING SEASON OF JUNE - OCTOBER TO VARIOUS NON-PROFIT AGENCIES IN NORTH, SOUTH AND CENTRAL ALABAMA.

Program 2

Expenses: $395,938

EMERGENCY ASSISTANCE - GENERAL PROGRAM PROVIDES FUNDS FOR EMERGENCY ASSISTANCE THROUGHOUT THE YEAR TO VARIOUS NON-PROFIT AGENCIES LOCATED IN NORTH, SOUTH AND CENTRAL ALABAMA.

Program 3

Expenses: $299,865

EMERGENCY ENERGY ASSISTANCE PROGRAM PROVIDES FUNDS FOR ENERGY ASSISTANCE THROUGHOUT THE YEAR TO VARIOUS NON-PROFIT AGENCIES LOCATED IN NORTH, SOUTH AND CENTRAL ALABAMA.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $1,305,268

Other Revenue $0

TOTAL REVENUE $1,305,268

Expense Breakdown

Grants Paid $1,372,286

Salaries & Benefits $255,551

Fundraising Expenses $0

Program Expenses $1,598,060

Other Expenses $39,730

TOTAL EXPENSES $1,667,567

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,305,268	$1,151,306	+0.1%
Expenses	$1,667,567	$1,670,812	0.0%
Net Income	$-362,299	$-519,506	-0.3%

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

N/A

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

$113,454

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN STAMPS	PRESIDENT & DIRECTOR	0.10	Officer Director	$0	$0	$0
CARLOS ALEMAN	VICE PRESIDENT & DIRECTOR	0.05	Officer Director	$0	$0	$0
LISA MCCARROLL	DIRECTOR	0.10	Director	$0	$0	$0
RICHARD BUSBY	DIRECTOR	0.05	Director	$0	$0	$0
J LEIGH DAVIS	DIRECTOR	0.05	Director	$0	$0	$0
JONATHAN K PORTER	DIRECTOR	0.05	Director	$0	$0	$0
CLAYTON M RYAN	DIRECTOR	0.05	Director	$0	$0	$0
STACI BROOKS	EXECUTIVE DIRECTOR	2.00	Officer	$12,176	$0	$12,176
RUBY JACKSON	SECRETARY	3.00	Officer	$8,590	$0	$8,590
TAN GRAYSON	ASSOCIATE DIRECTOR	24.00	Officer	$88,752	$0	$88,752
WENDY HOOMES	TREASURER	1.00	Officer	$3,936	$0	$3,936

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	$1,305,268	$1,667,567	$34,419,214	$-362,299
2022	$1,151,306	$1,670,812	$30,595,887	$-519,506
2021	$3,513,534	$1,154,298	$38,052,210	$2,359,236
2020	$1,134,299	$1,502,710	$33,140,504	$-368,411
2019	$1,163,504	$1,486,077	$30,362,384	$-322,573

ALABAMA BUSINESS CHARITABLE TRUST FUND INC