BIRMINGHAM-SOUTHERN COLLEGE

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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

1856

Legal Domicile

Phone

3128063165

Tax Period

2024-06-01 to 2025-05-31

BIRMINGHAM-SOUTHERN COLLEGE, founded in 1856, is a community nonprofit that reported $4.2M in total revenue in fiscal year 2024. Revenue fell 90% from the prior year — a significant decline worth monitoring. Expenses of $6.8M exceeded revenue, resulting in a 65% operating deficit.

Mission

AS OF MAY 31, 2024, BIRMINGHAM-SOUTHERN CEASED ITS NORMAL OPERATIONS DUE TO FINANCIAL CONDITIONS. THE COLLEGE IS CURRENTLY NEGOTIATING THE SALE OF ITS REAL PROPERTY. UPON THE SUCCESSFUL CLOSING OF THE SALE, EXCESS PROCEEDS WILL BE TRANSFERRED TO ITS ENDOWMENT. UNDER ALABAMA LAW, THE COLLEGE AND THE FOUNDATION IS REQUIRED TO SUBMIT A PLAN TO THE STATE ATTORNEY GENERAL FOR USE OF THESE FUNDS. IT IS EXPECTED THAT THE PROPOSED PLAN WILL INCLUDE PROVISIONS FOR THE AWARDING OF SCHOLARSHIPS TO STUDENTS WHO WILL ATTEND OTHER LIBERAL ARTS COLLEGES.

Program Service Accomplishments

Program 1

Expenses: $1,000,000 Revenue: $79,700

AS OF MAY 31, 2024, BIRMINGHAM-SOUTHERN CEASED ITS NORMAL OPERATIONS DUE TO FINANCIAL CONDITIONS. THE COLLEGE IS CURRENTLY NEGOTIATING THE SALE OF ITS REAL PROPERTY. UPON THE SUCCESSFUL CLOSING OF...

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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 (2024)

Revenue Breakdown

Contributions & Grants $2,714,326

Program Service Revenue $0

Investment Income $904,461

Other Revenue $535,061

TOTAL REVENUE $4,153,848

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,607,916

Fundraising Expenses $0

Program Expenses $1,000,000

Other Expenses $5,238,117

TOTAL EXPENSES $6,846,033

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,153,848	$40,553,275	-0.9%
Expenses	$6,846,033	$52,459,593	-0.9%
Net Income	$-2,692,185	$-11,906,318	-0.8%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DANIEL B COLEMAN	PRESIDENT	10.0	Officer Director	$0	$0	$0
ANDY NEWTON	BOARD MEMBER	1.0	Director	$0	$0	$0
ASHLEY MENEGUZZI	BOARD MEMBER	1.0	Director	$0	$0	$0
BRYSON STEPHENS	BOARD MEMBER	1.0	Director	$0	$0	$0
CARL DALTON NESMITH III	BOARD MEMBER	1.0	Director	$0	$0	$0
DAVID M SMITH	BOARD MEMBER	1.0	Director	$0	$0	$0
DELYNN M ZELL	BOARD MEMBER	1.0	Director	$0	$0	$0
DENSON N FRANKLIN III	BOARD MEMBER	1.0	Director	$0	$0	$0
DENZEL E OKINEDO	BOARD MEMBER	1.0	Director	$0	$0	$0
DERRY BUNTING	BOARD MEMBER	1.0	Director	$0	$0	$0
ELIZABETH M DUNN	BOARD MEMBER	1.0	Director	$0	$0	$0
JOAB M LESENE III	BOARD MEMBER	1.0	Director	$0	$0	$0
JOELLE PHILLIPS	BOARD MEMBER	1.0	Director	$0	$0	$0
RAGAN CAIN	BOARD MEMBER	1.0	Director	$0	$0	$0
REV KEITH THOMPSON	BOARD MEMBER	1.0	Director	$0	$0	$0
RICHARD B YEILDING	BOARD MEMBER	1.0	Director	$0	$0	$0
SANDRA B THURMOND	BOARD MEMBER	1.0	Director	$0	$0	$0
SCOTT SELMAN	BOARD MEMBER	1.0	Director	$0	$0	$0
SUSAN D DOUGHTON	BOARD MEMBER	1.0	Director	$0	$0	$0
THOMAS WATERS	BOARD MEMBER	1.0	Director	$0	$0	$0
VICTORIA LEE VANVALKENBURGH	BOARD MEMBER	1.0	Director	$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	$4,153,848	$6,846,033	$73,095,209	$-2,692,185
2024	$40,553,275	$52,459,593	$88,792,202	$-11,906,318
2023	$42,086,381	$53,414,245	$90,416,824	$-11,327,864
2022	$42,694,906	$80,578,450	$106,162,162	$-37,883,544
2021	$46,611,926	$50,871,394	$148,584,093	$-4,259,468
2020	$47,184,879	$55,731,291	$150,253,116	$-8,546,412
2019	$45,789,681	$54,546,677	$159,285,516	$-8,756,996
2018	$71,801,139	$76,786,920	$173,622,974	$-4,985,781