Alabama Forest Owners Association Inc (EIN 630845476) - 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

1981

Legal Domicile

Principal Officer

R Lee Laechelt

Tax Period

2023-01-01 to 2023-12-31

ALABAMA FOREST OWNERS ASSOCIATION I, founded in 1981, is a community nonprofit that reported $2.1M in total revenue in fiscal year 2020. Expenses of $2.0M left a modest 4% surplus.

Mission

The business and purpose of this corporation shall be to promote, protect, and represent the interest of owners of forest lands in the state of Alabama; to make Alabama Forest Owners Association members the most knowledgeable forest resource group in the state.

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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 (2023)

Revenue Breakdown

Contributions & Grants $170,892

Program Service Revenue $1,850,931

Investment Income $147,663

Other Revenue $0

TOTAL REVENUE $2,169,486

Expense Breakdown

Grants Paid $0

Salaries & Benefits $390,184

Fundraising Expenses $0

Program Expenses $1,914,690

Other Expenses $1,664,982

TOTAL EXPENSES $2,055,166

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,169,486	$1,948,203	+0.1%
Expenses	$2,055,166	$2,039,944	+0.0%
Net Income	$114,320	$-91,741	-2.2%

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

$78,972

Total Directors

$78,972

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
R Lee Laechelt	Executive Vice President	26.00	Officer Director	$68,671	$10,301	$78,972
W Perry Stowe	Director	1.00	Director	$0	$0	$0
James W Gewin	Director	1.00	Director	$0	$0	$0
Wayne Ford	Director	1.00	Director	$0	$0	$0
Susan P Dooley	Director	1.00	Director	$0	$0	$0
William L Forbes	Director	1.00	Director	$0	$0	$0
Andrew B E Kyle	Director	1.00	Director	$0	$0	$0
Mary L Wimberley	Director	1.00	Director	$0	$0	$0
Michael C Dixon Sr	Director	1.00	Director	$0	$0	$0
John A Screws	Director	1.00	Director	$0	$0	$0
Helen M Pittman	Director	1.00	Director	$0	$0	$0
Ira W Rhodes	Director	1.00	Director	$0	$0	$0
Hayes D Brown II	Director	1.00	Director	$0	$0	$0
Daryl Shelton	Director	1.00	Director	$0	$0	$0
Henry Barclay III	Director	1.00	Director	$0	$0	$0
H Lester Barnett	Director	1.00	Director	$0	$0	$0
Eleanor Cheatham	Director	1.00	Director	$0	$0	$0
Robert B Carr III	Director	1.00	Director	$0	$0	$0
Ben F Black	Director	1.00	Director	$0	$0	$0
Mafus R Bird	Vice President	1.00	Officer Director	$0	$0	$0
Jan S Witt	President	1.00	Officer Director	$0	$0	$0
Jon R Ingram	Treasurer	1.00	Officer Director	$0	$0	$0
William C Yeargan	Secretary	1.00	Officer 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	No data	No data	No data	No data
2023	$2,169,486	$2,055,166	$1,303,120	$114,320
2022	$1,948,203	$2,039,944	$1,177,790	$-91,741
2021	$2,201,330	$2,056,110	$1,282,916	$145,220
2020	$2,061,836	$1,983,861	$1,131,859	$77,975

Alabama Forest Owners Association Inc