SUBCONTRACTORS ASSOCIATION OF ALAB… - 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

1957

Legal Domicile

Principal Officer

DAVID FEEMSTER

Phone

2059810086

Tax Period

2023-01-01 to 2023-12-31

SUBCONTRACTORS ASSOCIATION OF ALABAMA, founded in 1957, is a small nonprofit that reported $553K in total revenue in fiscal year 2023. Revenue decreased 9% compared to the prior year. Expenses of $652K exceeded revenue, resulting in a 18% operating deficit.

Mission

ADVANCEMENT OF CONTRACTORS ENGAGED IN THE ARTISAN TRADES THROUGH SECURING THE COOPERATION OF THE VARIOUS PERSONS AND FIRMS ENGAGED IN SUCH BUSINESS, AND COLLECTING, CORRELATING, AND DISSEMINATING ALL INFORMATION OF VALUE TO THEM THROUGH THE MEDIUM OF THE ASSOCIATION.

Program Service Accomplishments

Program 1

ANNUAL CONVENTION - THE ANNUAL MEETING/CONVENTION PROVIDES EXCELLENT NETWORKING AND EDUCATIONAL PROGRAMS. THE PROGRAM INCLUDES SPEECHES ON A VARIETY OF TOPICS INCLUDING: OSHA INVESTIGATIONS, OSHA...

ANNUAL CONVENTION - THE ANNUAL MEETING/CONVENTION PROVIDES EXCELLENT NETWORKING AND EDUCATIONAL PROGRAMS. THE PROGRAM INCLUDES SPEECHES ON A VARIETY OF TOPICS INCLUDING: OSHA INVESTIGATIONS, OSHA RECORDKEEPING, IMMIGRATION LAWS AND DOCUMENTATION REQUIREMENTS, CONTRACT LANGUAGE FOR SUB-CONTRACTORS, AND MANY OTHERS.

Program 2

HUMAN RESOURCES - MEMBERS ARE ALLOWED TO CALL CERTIFIED HUMAN RESOURCE PROFESSIONALS TO DISCUSS EMPLOYMENT PRACTICES FREE OF CHARGE. MEMBERS ALSO HAVE ACCESS TO CURRENT, PROACTIVE AND AUTHORITATIVE INFORMATION AND ADVICE FOR FULL REGULATORY AND STATUTORY COMPLIANCE TO PROTECT THEIR ORGANIZATION. SAA MEMBERS CAN MAXIMIZE THEIR MEMBERSHIP BY TURNING TO KNOWLEDGEABLE ADVISORS AT HUMAN RESOURCE MANAGEMENT, INC. FOR ASSISTANCE.

Program 3

PROGRAM EVENTS - SAA HOSTS ANNNUAL EVENTS TO WHICH MEMBERS AND NON-MEMBERS ARE INVITED TO ATTEND. THESE EVENTS RAISE AWARENESS AND INFORMATION CONCERNING THE ASSOCIATION'S PURPOSE AND TO ENCOURAGE...

PROGRAM EVENTS - SAA HOSTS ANNNUAL EVENTS TO WHICH MEMBERS AND NON-MEMBERS ARE INVITED TO ATTEND. THESE EVENTS RAISE AWARENESS AND INFORMATION CONCERNING THE ASSOCIATION'S PURPOSE AND TO ENCOURAGE THOSE INTERESTED IN BECOMING A MEMBER.

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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 $0

Program Service Revenue $283,513

Investment Income $15,827

Other Revenue $253,176

TOTAL REVENUE $552,516

Expense Breakdown

Grants Paid $0

Salaries & Benefits $439,556

Fundraising Expenses $0

Other Expenses $212,777

TOTAL EXPENSES $652,333

Year-over-Year Comparison

	2023	2022	Change
Revenue	$552,516	$609,838	-0.1%
Expenses	$652,333	$656,867	0.0%
Net Income	$-99,817	$-47,029	+1.1%

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

$63,993

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RY BAILEY	DIRECTOR	1.00	Director	$0	$0	$0
BILL HALLENBERG	DIRECTOR	1.00	Director	$0	$0	$0
TALMADGE JAMES	DIRECTOR	1.00	Director	$0	$0	$0
TYLER KIME	DIRECTOR	1.00	Director	$0	$0	$0
STEVE MILLER	DIRECTOR	1.00	Director	$0	$0	$0
JAMES PATERSON	DIRECTOR	1.00	Director	$0	$0	$0
JAMIE PEARMAN	DIRECTOR	1.00	Director	$0	$0	$0
BARRETT RICHARD	DIRECTOR	1.00	Director	$0	$0	$0
D J ROBBINS	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN ATKINS	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT BAKER	PRESIDENT	1.00	Officer Director	$0	$0	$0
ROBERT DOBSON III	2ND VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
DAVID ALLEN	3RD VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
DAVID FEEMSTER	EXECUTIVE DIRECTOR	12.00	Officer	$57,157	$6,836	$63,993

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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$552,516	$652,333	$2,117,420	$-99,817
2022	$609,838	$656,867	$1,704,434	$-47,029
2021	$826,881	$612,705	$2,405,585	$214,176
2020	$646,492	$518,162	$2,202,179	$128,330
2019	$622,808	$567,553	$1,729,275	$55,255
2018	$617,116	$534,234	$1,491,783	$82,882

SUBCONTRACTORS ASSOCIATION OF ALABAMA