ALABAMA RURAL CREDIT CORPORATION (EIN 630597956) - 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

1937

Legal Domicile

Principal Officer

Jason Mullins

Phone

3342778950

Tax Period

2023-01-01 to 2023-12-31

ALABAMA RURAL REHABILITATION CORPORATION, founded in 1937, is a small nonprofit that reported $372K in total revenue in fiscal year 2018. The organization ran a surplus of $173K, a strong 47% operating margin.

Mission

TO PROMOTE & DEVELOP COMMUNITIES IN RURAL ALABAMA BY MAKING AVAILABLE PUBLIC LOANS & FINANCIAL ASSISTANCE TO RURAL INDIVIDUAL FOR PURCHASE OF REAL ESTATE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $316,332

Investment Income $39,628

Other Revenue $0

TOTAL REVENUE $355,960

Expense Breakdown

Grants Paid $0

Salaries & Benefits $106,531

Fundraising Expenses $0

Program Expenses $159,148

Other Expenses $97,154

TOTAL EXPENSES $203,685

Year-over-Year Comparison

	2023	2022	Change
Revenue	$355,960	$376,166	-0.1%
Expenses	$203,685	$194,496	+0.0%
Net Income	$152,275	$181,670	-0.2%

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

$86,500

Total Directors

$101,500

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jason Mullins	Loan Officer	30.00	Officer Director	$65,000	$0	$65,000
Horace Horn	President	5.00	Officer Director	$8,000	$0	$8,000
J Lee Alley	Treasurer	5.00	Officer Director	$5,000	$0	$5,000
Ronald L Shumack	Vice President	5.00	Officer Director	$8,500	$0	$8,500
James Harwell	Member	5.00	Director	$8,500	$0	$8,500
Ray Hilburn	Member	3.00	Director	$6,500	$0	$6,500

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	$355,960	$203,685	$6,681,962	$152,275
2022	$376,166	$194,496	$6,413,493	$181,670
2021	$297,734	$193,539	$6,290,649	$104,195
2020	$338,921	$196,795	$6,176,002	$142,126
2019	$354,280	$232,206	$6,034,224	$122,074
2018	$371,517	$198,114	$5,911,697	$173,403

ALABAMA RURAL CREDIT CORPORATION