South Alabama Land Trust Inc (EIN 631021925) - 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

1990

Legal Domicile

Principal Officer

Jane Herndon

Phone

2519905004

Tax Period

2024-01-01 to 2024-12-31

Weeks Bay Foundation Inc, founded in 1990, is a small nonprofit in the Environment sector that reported $601K in total revenue in fiscal year 2019. Expenses of $526K left a modest 12% surplus.

Mission

The South Alabama Land Trust protects land and promotes environmental education in coastal Alabama so current and future residents can enjoy clean water and the seafood, wildlife, and outdoor recreation that define our area.

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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 (2024)

Revenue Breakdown

Contributions & Grants $590,010

Program Service Revenue $0

Investment Income $209,833

Other Revenue $7,106

TOTAL REVENUE $806,949

Expense Breakdown

Grants Paid $0

Salaries & Benefits $351,857

Fundraising Expenses $22,124

Program Expenses $332,583

Other Expenses $121,665

TOTAL EXPENSES $473,522

Year-over-Year Comparison

	2024	2023	Change
Revenue	$806,949	$2,610,207	-0.7%
Expenses	$473,522	$1,496,302	-0.7%
Net Income	$333,427	$1,113,905	-0.7%

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

150

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

$159,690

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jane Herndon	Executive Director	40.00	Officer	$147,200	$12,490	$159,690
Brett Gaar	Director	2.00	Director	$0	$0	$0
Trey Ruch	Director	2.00	Director	$0	$0	$0
Michael Creel	Director	2.00	Director	$0	$0	$0
Jeff Davies	Director	2.00	Director	$0	$0	$0
David Ellis	Director	2.00	Director	$0	$0	$0
Fred Garth	Director	2.00	Director	$0	$0	$0
Rodney Kilgore	Director	2.00	Director	$0	$0	$0
Kerry OConnor	Director	2.00	Director	$0	$0	$0
Bob Holk	Director	2.00	Director	$0	$0	$0
Hansen Babington	Director	2.00	Director	$0	$0	$0
Rick Courtney	Director	2.00	Director	$0	$0	$0
Blake Johnson	Director	2.00	Director	$0	$0	$0
Paul Marcinko	Director	2.00	Director	$0	$0	$0
Casey Rodden	Director	2.00	Director	$0	$0	$0
Tyler Thull	Director	2.00	Director	$0	$0	$0
Gina Walcott	Director	2.00	Director	$0	$0	$0
Veronica Herndon	President	5.00	Officer Director	$0	$0	$0
Gigi Lott	Treasurer	5.00	Officer Director	$0	$0	$0
Chesley Allegri	Chair	5.00	Officer Director	$0	$0	$0
Elizabeth Tonsmeire	Secretary	5.00	Officer 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	$806,949	$473,522	$8,757,885	$333,427
2023	$2,610,207	$1,496,302	$8,320,949	$1,113,905
2022	$1,550,018	$982,618	$6,934,213	$567,400
2021	$728,959	$436,194	$6,923,599	$292,765
2020	$1,988,513	$1,707,451	$6,565,653	$281,062
2019	$600,863	$526,114	$6,047,372	$74,749

South Alabama Land Trust Inc