NORTH ALABAMA INDUSTRIAL DEVELOPMENT ASSOCIATION INC

EIN: 630462380

DECATUR, AL

Total Revenue
$754,981
Total Expenses
$814,990
Total Assets
$509,385
Net Assets
$496,998
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
1949
Legal Domicile
AL
Principal Officer
STANLEY BROOKS KRACKE
Phone
2563539450
Tax Period
2024-01-01 to 2024-12-31

NORTH ALABAMA INDUSTRIAL DEVELOPMENT ASSOCIATION INC, founded in 1949, is a small nonprofit that reported $816K in total revenue in fiscal year 2018. Expenses of $787K left a modest 4% surplus.

Mission

ECONOMIC RECRUITMENT AND DEVELOPMENT IN THE NORTH ALABAMA AREA

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $737,549
Investment Income $5,032
Other Revenue $12,400
TOTAL REVENUE $754,981

Expense Breakdown

Grants Paid $0
Salaries & Benefits $543,007
Fundraising Expenses $0
Program Expenses $638,843
Other Expenses $271,983
TOTAL EXPENSES $814,990

Year-over-Year Comparison

2024 2023 Change
Revenue $754,981 $742,719 +0.0%
Expenses $814,990 $809,197 +0.0%
Net Income $-60,009 $-66,478 -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

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Governance

Voting Members
23
Independent Members
23
Employees
3
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
5
$0
Total Directors
23
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A MEMBER N/A
Director
$0 $0 $0
N/A MEMBER N/A
Director
$0 $0 $0
RUSSELLVILLE ELETRIC BOARD MEMBER N/A
Director
$0 $0 $0
N/A MEMBER N/A
Director
$0 $0 $0
N/A MEMBER N/A
Director
$0 $0 $0
N/A CHAIRMAN N/A
Officer Director
$0 $0 $0
N/A MEMBER N/A
Director
$0 $0 $0
N/A SECRETARY/TR N/A
Officer Director
$0 $0 $0
N/A MEMBER N/A
Director
$0 $0 $0
N/A MEMBER N/A
Director
$0 $0 $0
N/A MEMBER N/A
Director
$0 $0 $0
N/A MEMBER N/A
Director
$0 $0 $0
N/A AT LARGE N/A
Officer Director
$0 $0 $0
N/A IMMEDIATE PA N/A
Officer Director
$0 $0 $0
N/A AT LARGE MEM N/A
Director
$0 $0 $0
N/A MEMBER N/A
Director
$0 $0 $0
N/A MEMBER N/A
Director
$0 $0 $0
N/A MEMBER N/A
Director
$0 $0 $0
N/A MEMBER N/A
Director
$0 $0 $0
N/A MEMBER N/A
Director
$0 $0 $0
N/A TVA REPRESEN N/A
Director
$0 $0 $0
TVA MEMBER N/A
Director
$0 $0 $0
N/A MEMBER N/A
Director
$0 $0 $0
STANLEY BROOKS KRACKE PRESIDENT N/A
Officer
$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
2024 $754,981 $814,990 $509,385 $-60,009
2023 $742,719 $809,197 $575,298 $-66,478
2022 $755,646 $821,835 $647,168 $-66,189
2021 $716,661 $777,042 $692,289 $-60,381
2020 $776,590 $737,052 $753,559 $39,538
2019 $832,275 $829,040 $716,964 $3,235
2018 $816,039 $786,791 $725,250 $29,248
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