ALABAMA FARMERS COOPERATIVE INC EMPLOYEES' WELFARE BENEFIT PLAN (EIN 630985271) - 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

LISA SPARKMAN

Phone

2563536843

Tax Period

2023-10-01 to 2024-09-30

ALABAMA FARMERS COOPERATIVE INC EMPLOYEES' WELFARE BENEFIT PLAN, founded in 1981, is a mid-sized nonprofit that reported $15.8M in total revenue in fiscal year 2017. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $17.4M exceeded revenue, resulting in a 11% operating deficit.

Mission

TO PROVIDE MAJOR MEDICAL BENEFITS, LIFE INSURANCE, AND ACCIDENTAL DEATH AND DISMEMBERMENT BENEFITS FOR SPONSORING EMPLOYER'S EMPLOYEES.

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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 $13,081,879

Investment Income $36,439

Other Revenue $0

TOTAL REVENUE $13,118,318

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $92,742

TOTAL EXPENSES $13,140,641

Year-over-Year Comparison

	2023	2022	Change
Revenue	$13,118,318	$12,434,644	+0.1%
Expenses	$13,140,641	$12,354,680	+0.1%
Net Income	$-22,323	$79,964	-1.3%

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

N/A

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

$82,569

Total Directors

$1,362,263

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RIVERS MYRES	TRUSTEE	1.00	Director	$0	$22,342	$505,353
AL CHEATHAM	TRUSTEE	1.00	Director	$0	$21,889	$382,358
WALTER BLACK	TRUSTEE	1.00	Director	$0	$14,496	$191,615
LISA SPARKMAN	TRUSTEE	1.00	Officer Director	$0	$3,175	$82,569
BRAD BENSON	TRUSTEE	1.00	Director	$0	$15,920	$200,368

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	$13,118,318	$13,140,641	$667,124	$-22,323
2023	$12,434,644	$12,354,680	$689,447	$79,964
2022	$13,410,473	$13,363,407	$658,728	$47,066
2021	$15,709,334	$15,804,821	$562,417	$-95,487
2020	$17,560,051	$15,751,836	$967,904	$1,808,215
2019	$17,427,689	$16,961,083	$759,689	$466,606
2018	$15,760,161	$17,444,209	$293,083	$-1,684,048

ALABAMA FARMERS COOPERATIVE INC EMPLOYEES' WELFARE BENEFIT PLAN