ALABAMA QUALITY ASSURANCE FOUNDATION (EIN 630840366) - 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

1982

Legal Domicile

Principal Officer

THOMAS GARNER

Phone

2059701600

Tax Period

2022-07-01 to 2023-06-30

ALABAMA QUALITY ASSURANCE FOUNDATION, founded in 1982, is a community nonprofit that reported $5.9M in total revenue in fiscal year 2017. Revenue decreased 10% compared to the prior year.

Mission

QUALITY IMPROVEMENT ORGANIZATION FOR THE STATE OF ALABAMA

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $24,118

Investment Income $9,479

Other Revenue $0

TOTAL REVENUE $33,597

Expense Breakdown

Grants Paid $0

Salaries & Benefits $90,048

Fundraising Expenses $0

Program Expenses $359

Other Expenses $651,814

TOTAL EXPENSES $741,862

Year-over-Year Comparison

	2022	2021	Change
Revenue	$33,597	$51,599	-0.3%
Expenses	$741,862	$1,266,123	-0.4%
Net Income	$-708,265	$-1,214,524	-0.4%

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

$24,099

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EMILY BOOHAKER MD	BOD PRESIDENT	0.13	Director	$0	$0	$0
MIKE HARDIN	BOD VICE PRESIDENT	0.20	Director	$0	$0	$0
LINDA JORDAN	BOD SECRETARY	0.32	Director	$0	$0	$0
TIMOTHY STETTHEIMER	BOD TREASURER	0.15	Director	$0	$0	$0
PAUL M NAGRODZKI MD	DIRECTOR	0.06	Director	$0	$0	$0
GINNIE PRATER MD	DIRECTOR	0.20	Director	$0	$0	$0
LANETTE SHERRILL	DIRECTOR	0.24	Director	$0	$0	$0
PAMELA WHITE	DIRECTOR	0.20	Director	$0	$0	$0
RACHEL WINSTON	DIRECTOR	0.20	Director	$0	$0	$0
THOMAS GARNER	CFO	8.00	Officer	$0	$935	$24,099

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
2023	$33,597	$741,862	No data	$-708,265
2022	$51,599	$1,266,123	$1,023,698	$-1,214,524
2021	$2,946,978	$3,528,061	$2,705,369	$-581,083
2020	$3,422,573	$4,006,577	$3,200,747	$-584,004
2019	$5,165,052	$5,158,781	$4,037,712	$6,271
2018	$5,868,428	$5,895,503	$4,044,247	$-27,075

ALABAMA QUALITY ASSURANCE FOUNDATION