HEART OF ALABAMA FOOD BANK INC

EIN: 630931846 501(c)(3) Food, Agriculture & Nutrition

MONTGOMERY, AL

Total Revenue
$45,202,998
Total Expenses
$46,805,149
Total Assets
$21,821,569
Net Assets
$21,534,212
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
1987
Legal Domicile
AL
Principal Officer
MICHAEL COLEMAN
Phone
3342633784
Tax Period
2023-07-01 to 2024-06-30

MONTGOMERY AREA FOOD BANK Inc, founded in 1987, is a mid-sized nonprofit in the Food, Agriculture & Nutrition sector that reported $35.7M in total revenue in fiscal year 2018.

Mission

THE FOOD BANK OPERATES AS A CLEARING HOUSE FOR THE COLLECTION, SORTING, STORING AND DISTRIBUTION OF EDIBLE FOOD TO QUALIFIED AGENCIES.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $43,560,448
Program Service Revenue $1,090,511
Investment Income $547,146
Other Revenue $4,893
TOTAL REVENUE $45,202,998

Expense Breakdown

Grants Paid $38,951,467
Salaries & Benefits $3,118,471
Fundraising Expenses $913,332
Program Expenses $44,854,140
Other Expenses $4,652,051
TOTAL EXPENSES $46,805,149

Year-over-Year Comparison

2023 2022 Change
Revenue $45,202,998 $33,991,815 +0.3%
Expenses $46,805,149 $34,071,824 +0.4%
Net Income $-1,602,151 $-80,009 +19.0%
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
31
Independent Members
31
Employees
76
Volunteers
3481

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
5
$137,384
Total Directors
31
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KEN AUSTIN DIRECTOR 0.00
Director
$0 $0 $0
CRAIG BACHELER DIRECTOR 0.00
Director
$0 $0 $0
STEVEN BARRANCO EX-OFFICIO 0.00
Director
$0 $0 $0
BLAKE BROOKSHIRE DIRECTOR 0.00
Director
$0 $0 $0
REBECCA BUTTS DIRECTOR 0.00
Director
$0 $0 $0
ALICE ANN BYRNE SECRETARY 0.00
Officer Director
$0 $0 $0
JAMES DENDIS DIRECTOR 0.00
Director
$0 $0 $0
JOSIE HARDY DIRECTOR 0.00
Director
$0 $0 $0
HENRY HINES DIRECTOR 0.00
Director
$0 $0 $0
ANTHONY HINES DIRECTOR 0.00
Director
$0 $0 $0
JEILA KERSHAW DIRECTOR 0.00
Director
$0 $0 $0
EDWIN LEWIS DIRECTOR 0.00
Director
$0 $0 $0
JOHN LUCAS JR PRESIDENT 0.00
Officer Director
$0 $0 $0
WARREN MARSHALL EX-OFFICIO 0.00
Director
$0 $0 $0
OLIVIA MARTIN VICE-PRESIDENT 0.00
Officer Director
$0 $0 $0
JESSE MARTIN DIRECTOR 0.00
Director
$0 $0 $0
LES MASSEY DIRECTOR 0.00
Director
$0 $0 $0
TIM MINOR DIRECTOR 0.00
Director
$0 $0 $0
SCOTT MITCHELL DIRECTOR 0.00
Director
$0 $0 $0
SARAH MOORE EX-OFFICIO 0.00
Director
$0 $0 $0
L DANIEL DAN MORRIS DIRECTOR 0.00
Director
$0 $0 $0
SANDRA NICKEL DIRECTOR 0.00
Director
$0 $0 $0
STEPHANIE PAUL DIRECTOR 0.00
Director
$0 $0 $0
DEAN PEEVY TREASURER 0.00
Officer Director
$0 $0 $0
BILL POPLIN DIRECTOR 0.00
Director
$0 $0 $0
DONALD POWELL DIRECTOR 0.00
Director
$0 $0 $0
CHARLES REYNOLDS DIRECTOR 0.00
Director
$0 $0 $0
AMANDA SENN DIRECTOR 0.00
Director
$0 $0 $0
BILL STEVENSON DIRECTOR 0.00
Director
$0 $0 $0
HELEN CRUMP WELLS DIRECTOR 0.00
Director
$0 $0 $0
TONY WOJCIECHOWSKI DIRECTOR 0.00
Director
$0 $0 $0
MICHAEL COLEMAN EXECUTIVE DIRECTOR 40.00
Officer
$134,019 $3,365 $137,384
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 $45,202,998 $46,805,149 $21,821,569 $-1,602,151
2023 $33,991,815 $34,071,824 $22,101,996 $-80,009
2022 $52,753,616 $53,876,400 $18,933,863 $-1,122,784
2021 $72,895,777 $60,729,982 $21,621,044 $12,165,795
2020 $49,065,417 $46,780,630 $9,508,444 $2,284,787
2019 $35,693,139 $35,950,316 $6,848,343 $-257,177
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