ALABAMA FOSTER AND ADOPTIVE PARENT… - 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

1991

Principal Officer

WILLIAM HOOPER

Phone

2565073273

Tax Period

2023-10-01 to 2024-09-30

ALABAMA FOSTER AND ADOPTIVE PARENT ASSOCIATION INC, founded in 1991, is a small nonprofit in the Human Services sector that reported $220K in total revenue in fiscal year 2023. Expenses of $264K exceeded revenue, resulting in a 20% operating deficit.

Mission

TO PROVIDE EDUCATION AND SUPPORT TO FOSTER, ADOPTIVE, AND KINSHIP FAMILIES ACROSS ALABAMA.

Program Service Accomplishments

Program 1

Expenses: $197,209

TO PROVIDE EDUCATION AND SUPPORT TO FOSTER, ADOPTIVE, AND KINSHIP FAMILIES ACROSS ALABAMA.

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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 $212,509

Program Service Revenue $0

Investment Income $7,881

Other Revenue $0

TOTAL REVENUE $220,390

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $14,338

Program Expenses $197,209

Other Expenses $264,007

TOTAL EXPENSES $264,007

Year-over-Year Comparison

	2023	2022	Change
Revenue	$220,390	N/A	N/A
Expenses	$264,007	N/A	N/A
Net Income	$-43,617	N/A	N/A

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

N/A

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM HOOPER	PRESIDENT	40.00	Officer	$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	$220,390	$264,007	$242,695	$-43,617
2023	$233,423	$246,590	$250,340	$-13,167
2022	$251,677	$249,092	$255,584	$2,585
2021	$242,113	$190,877	$282,019	$51,236
2020	$212,912	$172,425	$230,783	$40,487
2019	$217,434	$208,120	$191,741	$9,314
2018	$226,394	$199,926	$183,488	$26,468

ALABAMA FOSTER AND ADOPTIVE PARENT ASSOCIATION INC