ALABAMA ALPHA INC

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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

1992

Legal Domicile

Principal Officer

JIMMY SCREVEN

Phone

8002766342

Tax Period

2024-06-01 to 2025-05-31

ALABAMA ALPHA INC, founded in 1992, is a community nonprofit that reported $1.4M in total revenue in fiscal year 2024. Revenue decreased 11% compared to the prior year. Expenses of $1.4M left a modest 6% surplus.

Mission

PROVIDE HOUSING FOR UNDERGRADUATE CHAPTER OF NATIONAL COLLEGIATE FRATERNITY AND FACILITATE INTERACTION BETWEEN ALUMNI AND UNDERGRADUATE MEMBERS.

Program Service Accomplishments

Program 1

PROVIDED HOUSING AND ALUMNI RELATIONS FOR UNDERGRADUATE CHAPTER OF NATIONAL COLLEGIATE SOCIAL FRATERNITY.

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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 (2024)

Revenue Breakdown

Contributions & Grants $501

Program Service Revenue $1,439,017

Investment Income $9,580

Other Revenue $0

TOTAL REVENUE $1,449,098

Expense Breakdown

Grants Paid $0

Salaries & Benefits $20,137

Fundraising Expenses $1,243

Other Expenses $1,339,726

TOTAL EXPENSES $1,361,106

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,449,098	$1,630,881	-0.1%
Expenses	$1,361,106	$1,656,709	-0.2%
Net Income	$87,992	$-25,828	-4.4%

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

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
PHIL LOVINGUTH	TREASURER	2.00	Officer	$0	$0	$0
SAM RICKERT	SECRETARY	2.00	Officer	$0	$0	$0
JIMMY SCREVEN	PRESIDENT	2.00	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
2025	$1,449,098	$1,361,106	$5,237,322	$87,992
2024	$1,630,881	$1,656,709	$5,302,792	$-25,828
2023	$1,404,152	$1,518,868	$5,469,455	$-114,716
2022	$1,423,777	$1,452,977	$5,726,243	$-29,200
2021	$1,282,468	$1,307,780	$5,889,800	$-25,312
2020	$774,688	$1,026,565	$6,053,337	$-251,877
2019	$1,188,790	$1,347,914	$6,439,217	$-159,124