ECONOMIC DEVELOPMENT ASSOCIATION OF ALABAMA INC (EIN 630886994) - 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

1996

Legal Domicile

Principal Officer

JIM SEARCY

Phone

3346762085

Tax Period

2023-01-01 to 2023-12-31

ECONOMIC DEVELOPMENT ASSOCIATION OF ALABAMA INC, founded in 1996, is a small nonprofit that reported $802K in total revenue in fiscal year 2018. Revenue surged 20% from the prior year, signaling strong growth momentum.

Mission

EDAA WILL PURPOSEFULLY ADVOCATE ISSUES WHICH CAN POSITIVELY IMPACT THE ECONOMIC DEVELOPMENT COMMUNITY AND PROFESSION IN ALABAMA THROUGH LEGISLATION AND PROFESSIONAL DEVELOPMENT.

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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 $0

Program Service Revenue $1,101,442

Investment Income $8,331

Other Revenue $41,296

TOTAL REVENUE $1,151,069

Expense Breakdown

Grants Paid $0

Salaries & Benefits $275,449

Fundraising Expenses $0

Program Expenses $1,084,633

Other Expenses $809,184

TOTAL EXPENSES $1,084,633

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,151,069	$1,007,717	+0.1%
Expenses	$1,084,633	$887,426	+0.2%
Net Income	$66,436	$120,291	-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

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

$176,056

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALLISON BRANTLEY	BOARD MEMBER	0.00	Director	$0	$0	$0
CHRIS BUSBY	BOARD MEMBER	0.00	Director	$0	$0	$0
CARY COX	BOARD MEMBER	0.00	Director	$0	$0	$0
LEE JOHNSON	BOARD MEMBER	0.00	Director	$0	$0	$0
SHANE KEARNEY	BOARD MEMBER	0.00	Director	$0	$0	$0
NATHAN LEE	BOARD MEMBER	0.00	Director	$0	$0	$0
LISAA MILLER	BOARD MEMBER	0.00	Director	$0	$0	$0
TAYLOR WILLIAMS	PRESIDENT	0.00	Officer Director	$0	$0	$0
ANGELA SMITH	FIRST VP	0.00	Officer Director	$0	$0	$0
JANIE TROUTMAN	SECOND VP	0.00	Officer Director	$0	$0	$0
MELODY WHITTEN	SECRETARY/TREASURER	0.00	Officer Director	$0	$0	$0
BROOKS KRACKE	IMMEDIATE PAST PRESIDENT	0.00	Officer Director	$0	$0	$0
JIM SEARCY	EXECUTIVE DIRECTOR	40.00	Officer	$140,658	$35,398	$176,056

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	$1,151,069	$1,084,633	$866,538	$66,436
2022	$1,007,717	$887,426	$775,092	$120,291
2021	$631,006	$688,122	$583,502	$-57,116
2020	$938,483	$882,402	$605,057	$56,081
2019	$991,052	$727,253	$717,806	$263,799
2018	$801,767	$783,468	$421,959	$18,299

ECONOMIC DEVELOPMENT ASSOCIATION OF ALABAMA INC