BOLL WEEVIL ERADICATION FOUNDATION… - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1987

Legal Domicile

Principal Officer

RICKY WIGGINS

Phone

3342834106

Tax Period

2023-01-01 to 2023-12-31

BOLL WEEVIL ERADICATION FOUNDATION OF ALABAMA INC, founded in 1987, is a small nonprofit in the Food, Agriculture & Nutrition sector that reported $597K in total revenue in fiscal year 2023. Revenue decreased 11% compared to the prior year. Expenses of $531K left a modest 11% surplus.

Mission

NONE

Program Service Accomplishments

Program 1

THE 8 STATE FOUNDATIONS THAT COMPRISE THE SOUTHEASTERN BOLL WEEVIL ERADICATION FOUNDATION, INC. RECEIVE ASSESSMENTS COLLECTED FROM COTTON GROWERS WITHIN THEIR STATES BY THE RESPECTIVE STATE'S...

THE 8 STATE FOUNDATIONS THAT COMPRISE THE SOUTHEASTERN BOLL WEEVIL ERADICATION FOUNDATION, INC. RECEIVE ASSESSMENTS COLLECTED FROM COTTON GROWERS WITHIN THEIR STATES BY THE RESPECTIVE STATE'S DEPARTMENT OF AGRICULTURE. THE STATE FOUNDATIONS REMIT THESE COLLECTIONS TO THE SOUTHEASTERN BOLL WEEVIL ERADICATION FOUNDATION, INC. FOR PAYMENT OF THE ACTUAL PROGRAM EXPENSES INCURRED TO ERADICATE THE BOLL WEEVIL FROM THE COTTON FIELDS IN EACH STATE. APPROXIMATELY 376,219 ACRES OF COTTON IN ALABAMA WERE MONITORED BY THE SOUTHEASTERN FOUNDATION IN 2023.

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Trantor Score

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

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

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $491,738

Investment Income $105,002

Other Revenue $0

TOTAL REVENUE $596,740

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $531,323

TOTAL EXPENSES $531,323

Year-over-Year Comparison

	2023	2022	Change
Revenue	$596,740	$671,035	-0.1%
Expenses	$531,323	$844,005	-0.4%
Net Income	$65,417	$-172,970	-1.4%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
RICKY WIGGINS	CHAIRMAN	Officer Director	$0	$0	$0
W L CORCORAN	VICE-CHAIRMAN	Officer Director	$0	$0	$0
ANDY WENDLAND	DIRECTOR	Director	$0	$0	$0
BERT DRISKELL	DIRECTOR	Director	$0	$0	$0
HASSEY BROOKS	SECRETARY/TREASURER	Officer Director	$0	$0	$0
BOBBY CRUTCHFIELD	DIRECTOR	Director	$0	$0	$0
MIKE TATE	DIRECTOR	Director	$0	$0	$0
LANCE WHITEHEAD	DIRECTOR	Director	$0	$0	$0
NEAL ISBELL	DIRECTOR	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	$596,740	$531,323	$4,536,998	$65,417
2022	$671,035	$844,005	$4,471,581	$-172,970
2021	$596,224	$651,819	$4,644,551	$-55,595
2020	$645,749	$753,142	$4,700,146	$-107,393

BOLL WEEVIL ERADICATION FOUNDATION OF ALABAMA INC