ALABAMA STATE NURSES ASSOCIATION

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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

1914

Legal Domicile

Principal Officer

DR LAURA HART

Phone

3342628321

Tax Period

2023-01-01 to 2023-12-31

ALABAMA STATE NURSES ASSOCIATION, founded in 1914, is a small nonprofit in the Employment sector that reported $308K in total revenue in fiscal year 2023. Revenue decreased 17% compared to the prior year. Expenses of $360K exceeded revenue, resulting in a 17% operating deficit.

Mission

THE PURPOSE OF THE ALABAMA STATE NURSES ASSOCIATION (ASNA) IS TO FOSTER HIGH STANDARDS OF NURSING, PROMOTE THE PROFESSIONAL AND EDUCATIONAL ADVANCEMENT OF NURSES, AND PROMOTE THE WELFARE OF NURSES TO THE END THAT ALL PEOPLE MAY HAVE BETTER HEALTH CARE.

Program Service Accomplishments

Program 1

Expenses: $360,284 Revenue: $285,649

CONTINUING EDUCATION, PUBLIC RELATIONS AND MEMBERSHIP, LEGISLATIVE ISSUES, ECONOMIC AND GENERAL WELFARE, RESEARCH.

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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 $278,608

Investment Income $8,109

Other Revenue $21,107

TOTAL REVENUE $307,824

Expense Breakdown

Grants Paid $102,000

Salaries & Benefits $149,147

Fundraising Expenses $0

Program Expenses $360,284

Other Expenses $109,137

TOTAL EXPENSES $360,284

Year-over-Year Comparison

	2023	2022	Change
Revenue	$307,824	$369,153	-0.2%
Expenses	$360,284	$353,081	+0.0%
Net Income	$-52,460	$16,072	-4.3%

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

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

$111,120

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MASON ALDRIDGE	DIRECTOR	0.00	Director	$0	$0	$0
VANESSA BARLOW	DIRECTOR	0.00	Director	$0	$0	$0
ARLENE MORRIS	DIRECTOR	0.00	Director	$0	$0	$0
PAT PATRICIAN	DIRECTOR	0.00	Director	$0	$0	$0
DENISE ROBERTSON	DIRECTOR	0.00	Director	$0	$0	$0
TYLER STURDIVANT	DIRECTOR	0.00	Director	$0	$0	$0
NATHAN WHITE	DIRECTOR	0.00	Director	$0	$0	$0
BRANDY YOUNG	DIRECTOR	0.00	Director	$0	$0	$0
JAMES HARDIN	PRESIDENT	5.00	Officer Director	$0	$0	$0
LINDSEY HARRIS	PAST PRESIDENT	5.00	Officer Director	$0	$0	$0
ABBY HORTON	PRESIDENT ELECT	5.00	Officer Director	$0	$0	$0
CHARLOTTE JONES	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
SHYANDREA BRAZIIL	SECRETARY	5.00	Officer Director	$0	$0	$0
D'ANN SOMERALL	TREASURER	5.00	Officer Director	$0	$0	$0
LAURA HART	EXECUTIVE DIRECTOR	40.00	Officer	$100,000	$11,120	$111,120

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	$307,824	$360,284	$382,962	$-52,460
2022	$369,153	$353,081	$431,843	$16,072
2021	$466,749	$382,176	$471,285	$84,573
2020	$388,292	$383,835	$369,791	$4,457
2019	$406,034	$424,309	$313,596	$-18,275
2018	$397,085	$403,525	$292,477	$-6,440