THE COMMUNITY FOUNDATION OF SOUTH … - Form 990 Financial Data

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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

1976

Legal Domicile

Principal Officer

REBECCA D BYRNE

Phone

2514385591

Tax Period

2023-10-01 to 2024-09-30

THE COMMUNITY FOUNDATION OF SOUTH ALABAMA, founded in 1976, is a mid-sized nonprofit in the Philanthropy & Grantmaking sector that reported $15.4M in total revenue in fiscal year 2023. Revenue surged 68% from the prior year, signaling strong growth momentum. The organization ran a surplus of $6.8M, a strong 44% operating margin.

Mission

THE COMMUNITY FOUNDATION OF SOUTH ALABAMA SEEKS TO BUILD PERMANENT ENDOWMENTS FOR THE LONG RANGE FUTURE OF THE REGION IT SERVES AND TO DRAW FROM THE STRENGTHS OF THE REGION'S DIVERSE POPULATION IN DESIGNING AND FUNDING INNOVATIVE PROGRAMS WHICH MEET COMMUNITY NEEDS. SERVING AS RESPONSIBLE STEWARDS OF THESE FUNDS, THE FOUNDATION MAKES GRANTS TO NON-PROFIT ORGANIZATIONS IN THE FIELDS OF ARTS AND CULTURE, CIVIC AND COMMUNITY, ANTI-CRIME AND ABUSE, EDUCATION, ENVIRONMENT, HEALTH, HUMAN SERVICES, AND RECREATION. THE FOUNDATION'S MISSION STATEMENT IS AS FOLLOWS: "THE COMMUNITY FOUNDATION OF SOUTH ALABAMA ASSEMBLES AND DIRECTS PHILANTHROPIC ASSETS TO MAKE SOUTHWEST ALABAMA A BETTER PLACE."

Program Service Accomplishments

Program 1

Expenses: $7,647,296

THE FOUNDATION'S PROGRAM SERVICE ACTIVITY CONSISTS OF AWARDING GRANTS TO VARIOUS NON-PROFIT CHARITABLE ORGANIZATIONS, BASED ON BOARD OF DIRECTORS' APPROVAL AND CATEGORIES AS REQUESTED BY DONORS...

THE FOUNDATION'S PROGRAM SERVICE ACTIVITY CONSISTS OF AWARDING GRANTS TO VARIOUS NON-PROFIT CHARITABLE ORGANIZATIONS, BASED ON BOARD OF DIRECTORS' APPROVAL AND CATEGORIES AS REQUESTED BY DONORS. CATEGORIES INCLUDE ANTI-CRIME AND ABUSE, ARTS AND CULTURE, CIVIC AND COMMUNITY, EDUCATION, ENVIRONMENTAL,HEALTH, HUMAN SERVICES, AND RECREATION. A DETAILED SCHEDULE OF GRANTS PAID CAN BE FOUND IN SCHEDULE I.

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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 $9,550,836

Program Service Revenue $0

Investment Income $4,661,250

Other Revenue $1,189,690

TOTAL REVENUE $15,401,776

Expense Breakdown

Grants Paid $5,985,351

Salaries & Benefits $690,070

Fundraising Expenses $280,768

Program Expenses $7,647,296

Other Expenses $1,951,837

TOTAL EXPENSES $8,627,258

Year-over-Year Comparison

	2023	2022	Change
Revenue	$15,401,776	$9,156,197	+0.7%
Expenses	$8,627,258	$8,655,750	0.0%
Net Income	$6,774,518	$500,447	+12.5%

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

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

$155,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANNA GOLDMAN	SECRETARY	0.20	Officer Director	$0	$0	$0
AUDRA HARPER	DIRECTOR	0.20	Director	$0	$0	$0
CHIP HARRIGAN	DIRECTOR	0.20	Director	$0	$0	$0
EMILEE WATERS	DIRECTOR	0.20	Director	$0	$0	$0
JOHN BEDSOLE	TREASURER	0.20	Officer Director	$0	$0	$0
KAY LETT	DIRECTOR	0.20	Director	$0	$0	$0
LEE MITCHELL	DIRECTOR	0.20	Director	$0	$0	$0
MARIETTA URQUHART	IMMEDIATE PAST CHAIR	0.30	Director	$0	$0	$0
MARSHALL SHIELDS	CHAIR	0.20	Officer Director	$0	$0	$0
MONICA MOTLEY	DIRECTOR	0.20	Director	$0	$0	$0
RICARDO WOODS	DIRECTOR	0.20	Director	$0	$0	$0
RYAN DAMRICH	DIRECTOR	0.20	Director	$0	$0	$0
S WESLEY CARPENTER	DIRECTOR	0.20	Director	$0	$0	$0
PETER SUSMAN	VICE CHAIR	0.20	Officer Director	$0	$0	$0
ARYNE HUDSON	DIRECTOR	0.20	Director	$0	$0	$0
VIRGINIA MCNEIL O'BRIEN	DIRECTOR	0.20	Director	$0	$0	$0
EDWARD NORFLEET JR	DIRECTOR	0.20	Director	$0	$0	$0
JEROD PILOT	DIRECTOR	0.20	Director	$0	$0	$0
JAMEY SANDIFER	DIRECTOR	0.20	Director	$0	$0	$0
ED DOUGLAS	DIRECTOR	0.20	Director	$0	$0	$0
REBECCA D BYRNE	PRESIDENT	40.00	Officer	$146,300	$8,700	$155,000

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	$15,401,776	$8,627,258	$111,352,270	$6,774,518
2023	$9,156,197	$8,655,750	$90,481,417	$500,447
2022	$9,268,633	$6,872,760	$83,748,337	$2,395,873
2021	$13,565,867	$8,878,591	$98,008,361	$4,687,276
2020	$13,621,649	$11,112,921	$84,657,846	$2,508,728
2019	$8,116,416	$5,190,327	$80,061,394	$2,926,089
2018	$6,991,973	$5,754,908	$79,211,728	$1,237,065

THE COMMUNITY FOUNDATION OF SOUTH ALABAMA