ALABAMA BANKERS ASSOCIATION INC

EIN: 630788044

MONTGOMERY, AL

Total Revenue
$4,402,756
Total Expenses
$4,249,750
Total Assets
$4,175,563
Net Assets
$2,505,140
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Financial Trends

Organization Details

Formation Year
1986
Legal Domicile
AL
Principal Officer
SCOTT LATHAM
Phone
3342449456
Tax Period
2023-01-01 to 2023-12-31

ALABAMA BANKERS ASSOCIATION INC, founded in 1986, is a community nonprofit that reported $3.7M in total revenue in fiscal year 2018.

Mission

TO PROMOTE THE PRESERVATION AND CONTINUED DEVELOPMENT OF COMMERCIAL BANKING IN ALABAMA.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $22,750
Program Service Revenue $3,978,519
Investment Income $57,935
Other Revenue $343,552
TOTAL REVENUE $4,402,756

Expense Breakdown

Grants Paid $4,000
Salaries & Benefits $1,975,093
Fundraising Expenses $0
Other Expenses $2,270,657
TOTAL EXPENSES $4,249,750

Year-over-Year Comparison

2023 2022 Change
Revenue $4,402,756 $4,156,491 +0.1%
Expenses $4,249,750 $3,842,941 +0.1%
Net Income $153,006 $313,550 -0.5%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Governance

Voting Members
29
Independent Members
29
Employees
13
Volunteers
29

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
6
$618,436
Total Directors
28
$0
Key Employees
0
$0
Highest Compensated
3
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MIKE ROSS CHAIRMAN 1.00
Officer Director
$0 $0 $0
HOPE JOHNSON PAST CHAIRMAN 0.40
Officer Director
$0 $0 $0
MACKE MAULDIN CHAIRMAN-ELECT 0.40
Officer Director
$0 $0 $0
CHARLIE WILLIAMS TREASURER 0.40
Officer Director
$0 $0 $0
DWIGHT GAMBLE VICE CHAIRMAN 0.40
Officer Director
$0 $0 $0
LEROY ABRAHAMS DIRECTOR 0.40
Director
$0 $0 $0
JOHN BENTLEY DIRECTOR 0.40
Director
$0 $0 $0
CHRIS CAROTHERS DIRECTOR 0.40
Director
$0 $0 $0
LISA COCHRAN DIRECTOR 0.40
Director
$0 $0 $0
LEIGH COLLIER DIRECTOR 0.40
Director
$0 $0 $0
JASON DOROUGH DIRECTOR 0.40
Director
$0 $0 $0
JASON EPPENGER DIRECTOR 0.40
Director
$0 $0 $0
HEYWARD GOULD DIRECTOR 0.40
Director
$0 $0 $0
GARY HOLEMON DIRECTOR 0.40
Director
$0 $0 $0
JEFF KERVIN DIRECTOR 0.40
Director
$0 $0 $0
ROBERT KUHN DIRECTOR 0.40
Director
$0 $0 $0
CHRIS LATTA DIRECTOR 0.40
Director
$0 $0 $0
DAVID LONG DIRECTOR 0.40
Director
$0 $0 $0
LINWOOD MCCLAIN DIRECTOR 0.40
Director
$0 $0 $0
WILLIAM MELLOWN DIRECTOR 0.40
Director
$0 $0 $0
MICHAEL MORGAN DIRECTOR 0.40
Director
$0 $0 $0
MATTHEW POPE DIRECTOR 0.40
Director
$0 $0 $0
RODNEY RUSHING DIRECTOR 0.40
Director
$0 $0 $0
STEVE SMITH DIRECTOR 0.40
Director
$0 $0 $0
MIKE VINCENT DIRECTOR 0.40
Director
$0 $0 $0
RICHARD WALTERS DIRECTOR 0.40
Director
$0 $0 $0
NICK WILLIS DIRECTOR 0.40
Director
$0 $0 $0
SHAD WILLIAMS DIRECTOR 0.40
Director
$0 $0 $0
SCOTT LATHAM PRESIDENT & CEO 40.00
Officer
$575,206 $43,230 $618,436
JANICE COX SENIOR VICE PRESIDENT 40.00
Highest
$280,474 $22,147 $302,621
MELISSA GARRETT VICE PRESIDENT OF ACCOUNTING 35.00
Highest
$136,904 $9,807 $146,711
ELIZABETH BAILEY VP OF PROFESSIONAL DEVELOPMENT 40.00
Highest
$105,736 $16,843 $122,579
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 $4,402,756 $4,249,750 $4,175,563 $153,006
2022 $4,156,491 $3,842,941 $4,247,389 $313,550
2021 $3,822,540 $3,659,373 $3,505,775 $163,167
2020 $3,405,679 $3,225,815 $2,958,922 $179,864
2019 $3,924,499 $3,720,246 $2,832,925 $204,253
2018 $3,732,803 $3,724,207 $2,776,314 $8,596
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