FRIENDS OF THE ALABAMA ARCHIVES

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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

Principal Officer

Carrie Banks

Tax Period

2024-01-01 to 2024-12-31

FRIENDS OF THE ALABAMA ARCHIVES is a small nonprofit in the Education sector that reported $269K in total revenue in fiscal year 2024. Revenue fell 22% from the prior year — a significant decline worth monitoring. Expenses of $231K left a modest 14% surplus.

Mission

To aid, strengthen, enhance, promote, and support the activities of the Alabama Department of Archives and History.

Program Service Accomplishments

Program 1

Expenses: $222,996

To aid, strengthen, enhance, promote, and support the activities of the Alabama Department of Archives and History.

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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 (2024)

Revenue Breakdown

Contributions & Grants $206,579

Program Service Revenue $21,500

Investment Income $32,207

Other Revenue $8,810

TOTAL REVENUE $269,096

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $222,996

Other Expenses $230,929

TOTAL EXPENSES $230,929

Year-over-Year Comparison

	2024	2023	Change
Revenue	$269,096	$346,485	-0.2%
Expenses	$230,929	$323,972	-0.3%
Net Income	$38,167	$22,513	+0.7%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Felisha Anderson	Trustee	1.00	Director	$0	$0	$0
Ashley Jernigan	Trustee	1.00	Director	$0	$0	$0
Wanda Battle	Trustee	1.00	Director	$0	$0	$0
Mark Bunting	Trustee	1.00	Director	$0	$0	$0
Adline Clarke	Trustee	1.00	Director	$0	$0	$0
Kerry Dunaway	Trustee	1.00	Director	$0	$0	$0
Joel Lewis	Trustee	1.00	Director	$0	$0	$0
Brian Murphy	Trustee	1.00	Director	$0	$0	$0
Gayle Thomas	Secretary	1.00	Director	$0	$0	$0
Peggy Towns	Trustee	1.00	Director	$0	$0	$0
Kathryn Tucker	Trustee	1.00	Director	$0	$0	$0
Carrie Banks	Vice President	1.00	Director	$0	$0	$0
Cart Blackwell	Trustee	1.00	Director	$0	$0	$0
Ashley Dumas	Trustee	1.00	Director	$0	$0	$0
Joe Caver	President	1.00	Officer Director	$0	$0	$0
Gail Cobb	Trustee	1.00	Director	$0	$0	$0
Caroleene Dobson	Trustee	1.00	Director	$0	$0	$0
Franklin Johnson	Treasurer	1.00	Director	$0	$0	$0
Wanda Looney	Trustee	1.00	Director	$0	$0	$0
Louretta Wimberly	Trustee	1.00	Director	$0	$0	$0
Sally Warden	Trustee	1.00	Director	$0	$0	$0
Sharony Green	Trustee	1.00	Director	$0	$0	$0
JamesA Power	Trustee	1.00	Director	$0	$0	$0
CooperHolmes	Trustee	1.00	Director	$0	$0	$0
Josephine Bolling McCall	Trustee	1.00	Director	$0	$0	$0
MaryShirey	Trustee	1.00	Director	$0	$0	$0
CollierTynes	Trustee	1.00	Director	$0	$0	$0
MaeciWalker	Trustee	1.00	Director	$0	$0	$0
BillyYoung	Trustee	1.00	Director	$0	$0	$0
Lora McClendon	Trustee	1.00	Director	$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	$269,096	$230,929	$908,595	$38,167
2023	$346,485	$323,972	$874,488	$22,513
2022	$278,036	$312,213	$853,688	$-34,177
2021	$248,690	$413,262	$884,375	$-164,572
2020	$436,052	$350,577	$1,046,451	$85,475
2019	$442,537	$352,611	$960,976	$89,926
2018	$548,741	$274,832	$871,050	$273,909