The West Alabama Chamber Foundation Inc

EIN: 630951659 501(c)(3)

Tuscaloosa, AL

Total Revenue
$839,153
Total Expenses
$621,202
Total Assets
$2,983,033
Net Assets
$936,775
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1987
Legal Domicile
AL
Principal Officer
Donny Jones
Phone
2057587588
Tax Period
2024-01-01 to 2024-12-31

The West Alabama Chamber Foundation Inc, founded in 1987, is a small nonprofit that reported $839K in total revenue in fiscal year 2024. Revenue surged 92% from the prior year, signaling strong growth momentum. The organization ran a surplus of $218K, a strong 26% operating margin.

Mission

To solicit, collect and administer funds and property to be used soley for charitable, educational, religious or scientific purposes.

Program Service Accomplishments

Program 1
Expenses: $590,367 Revenue: $642,985

Workforce Development - West Alabama Works aims to facilitate the establishment and implementation of a comprehensive, coordinated workforce development system for the region that supports economic...

Read more

Workforce Development - West Alabama Works aims to facilitate the establishment and implementation of a comprehensive, coordinated workforce development system for the region that supports economic and workforce training activities. A business led and industry driven partnership, West Alabama Works serves as the regional Workforce Development Council. West Alabama Works as the representing body of Alabamas Region 3 Workforce Development Council serves seven counties throughout West Alabama. Region 3 counties include Bibb, Fayette, Greene, Pickens, Hale, Lamar and Tuscaloosa. Region 3 is one of ten workforce developmenmt councils in the State.

Program 2
Expenses: $4,631 Revenue: $0

The Tuscaloosa County Civic Hall of Fame was created as a gift to the community to be a permanent way to honor citizens that have provided the vision, leadership and other significant contributions...

Read more

The Tuscaloosa County Civic Hall of Fame was created as a gift to the community to be a permanent way to honor citizens that have provided the vision, leadership and other significant contributions that have brought the community to the prosperity and quality of life that we experience today. A fund was established to build and maintain a permanent structure in Tuscaloosas government plaza. The monument bears the names of all Civic Hall of Fame inductees (past, present and furure).

Program 3
Expenses: $20,385 Revenue: $20,385

Leadership Tuscaloosa Project is done in conjunction with the Leadership Tuscaloosa program of the Chamber of Commerce of West Alabama, Inc.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $663,370
Program Service Revenue $0
Investment Income $29
Other Revenue $175,754
TOTAL REVENUE $839,153

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $615,383
Other Expenses $621,202
TOTAL EXPENSES $621,202

Year-over-Year Comparison

2024 2023 Change
Revenue $839,153 $436,953 +0.9%
Expenses $621,202 $248,806 +1.5%
Net Income $217,951 $188,147 +0.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
11
Independent Members
10
Employees
N/A
Volunteers
25

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
0
$0
Total Directors
11
$263,401
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Norman Crow Director 1.00
Director
$0 $0 $0
Claude Edwards Director 1.00
Director
$0 $0 $0
Jim Harrison Director 1.00
Director
$0 $0 $0
Jordan Plaster Director 1.00
Director
$0 $0 $0
Tripp Powell Director 1.00
Director
$0 $0 $0
Lin Moore Director 1.00
Director
$0 $0 $0
Roger Sayers Director 1.00
Director
$0 $0 $0
Randy Skagen Director 1.00
Director
$0 $0 $0
Mark Sulivan Director 1.00
Director
$0 $0 $0
Michele Coley Director 1.00
Director
$0 $0 $0
S Kyle South Director 1.00
Director
$0 $24,985 $263,401
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 $839,153 $621,202 $2,983,033 $217,951
2023 $436,953 $248,806 $2,844,053 $188,147
2022 $634,790 $718,161 $2,844,150 $-83,371
2021 $389,763 $393,121 $3,134,972 $-3,358
2020 $467,043 $442,021 $1,480,830 $25,022
2019 $752,432 $592,211 $1,418,818 $160,221
2018 $399,821 $418,586 $1,244,756 $-18,765
Explore More Nonprofits
Top 100 Nonprofits in Alabama Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare The West Alabama Chamber Foundation Inc with other nonprofits in Alabama and across the country.