ALABAMA ASSOCIATION OF INDEPENDENT COLLEGES AND UNIVERSITIES (EIN 630422143) - 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

1956

Legal Domicile

Principal Officer

PAUL HANKINS

Phone

3343562220

Tax Period

2024-07-01 to 2025-06-30

ALABAMA ASSOCIATION OF INDEPENDENT COLLEGES AND UNIVERSITIES, founded in 1956, is a small nonprofit in the Education sector that reported $487K in total revenue in fiscal year 2017.

Mission

TO BUILD SUPPORT FOR ALABAMA'S INDEPENDENT COLLEGES AND UNIVERSITIES AND PROMOTE A GREATER APPRECIATION OF INDEPENDENT HIGHER EDUCATION AND ITS IMPORTANCE TO THE EDUCATIONAL, CULTURAL AND ECONOMIC NEEDS OF 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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $517,611

Program Service Revenue $0

Investment Income $62,425

Other Revenue $0

TOTAL REVENUE $580,036

Expense Breakdown

Grants Paid $78,000

Salaries & Benefits $342,229

Fundraising Expenses $53,324

Program Expenses $437,693

Other Expenses $113,082

TOTAL EXPENSES $533,311

Year-over-Year Comparison

	2024	2023	Change
Revenue	$580,036	$591,013	0.0%
Expenses	$533,311	$536,415	0.0%
Net Income	$46,725	$54,598	-0.1%

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

$208,822

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR MICHAEL C TURNER	ACADEMIC BOARD MEMBER	0.50	Director	$0	$0	$0
DR MITCH HENRY	ACADEMIC BOARD MEMBER	0.50	Director	$0	$0	$0
DR ANTHONY LEIGH	ACADEMIC BOARD MEMBER	0.50	Director	$0	$0	$0
DR BOBBIE KNIGHT	ACADEMIC BOARD MEMBER	0.50	Director	$0	$0	$0
DR GINA SPIVEY-BROWN	ACADEMIC BOARD MEMBER	0.50	Director	$0	$0	$0
DR BECK TAYLOR	ACADEMIC BOARD MEMBER	0.50	Director	$0	$0	$0
DR MARY H VAN BRUNT	ACADEMIC BOARD MEMBER	0.50	Director	$0	$0	$0
DR YOLANDA PAGE	ACADEMIC BOARD MEMBER	0.50	Director	$0	$0	$0
DR WILLIE L TODD JR	ACADEMIC BOARD MEMBER	0.50	Director	$0	$0	$0
DR MARK BROWN	ACADEMIC BOARD MEMBER	0.50	Director	$0	$0	$0
DR STEVE CONDON	ACADEMIC BOARD MEMBER	0.50	Director	$0	$0	$0
DR CHARLES SMITH JR	ACADEMIC BOARD MEMBER	0.50	Director	$0	$0	$0
MR DAVE BORDEN	BUSINESS BOARD MEMBER	0.50	Director	$0	$0	$0
MR MARK COLSON	BUSINESS BOARD MEMBER	0.50	Director	$0	$0	$0
MR MIKE DUNN	BUSINESS BOARD MEMBER	0.50	Director	$0	$0	$0
MR HARRELL FREEMAN	BUSINESS BOARD MEMBER	0.50	Director	$0	$0	$0
MR MILLER KREIDER	BUSINESS BOARD MEMBER	0.50	Director	$0	$0	$0
GENERAL PAUL HANKINS	PRESIDENT	40.00	Officer	$180,748	$28,074	$208,822

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	$580,036	$533,311	$814,464	$46,725
2024	No data	No data	No data	No data
2023	$564,594	$489,390	$667,084	$75,204
2022	$494,582	$514,843	$592,379	$-20,261
2021	$605,457	$505,066	$630,532	$100,391
2020	$459,569	$502,220	$518,091	$-42,651
2019	$501,375	$482,688	$521,529	$18,687
2018	$487,292	$503,451	$513,824	$-16,159

ALABAMA ASSOCIATION OF INDEPENDENT COLLEGES AND UNIVERSITIES