Regions Tradition Foundation Inc

EIN: 631064191 501(c)(3) Unknown

Birmingham, AL

Total Revenue
$139
Total Expenses
$10,371
Total Assets
$563,961
Net Assets
$247,574
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
1992
Legal Domicile
AL
Principal Officer
JOHN BOCHNAK
Phone
2059674745
Tax Period
2019-10-01 to 2020-09-30

Regions Tradition Foundation Inc, founded in 1992, is a micro nonprofit in the Unknown sector that reported $139 in total revenue in fiscal year 2019. Revenue fell 97% from the prior year — a significant decline worth monitoring. Expenses of $10K exceeded revenue, resulting in a 7361% operating deficit.

Mission

SERVES AS HOST AND SPONSOR OF A CHARITY GOLF TOURNAMENT. THE REGIONS TRADITION FOUNDATION BENEFITS THE ENTIRE STATE THROUGH DISTRIBUTION OF ALL NET REVENUE TO LOCAL CHARITIES.

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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%)

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Financial Overview (2019)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $139
Other Revenue $0
TOTAL REVENUE $139

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $10,371
Other Expenses $10,371
TOTAL EXPENSES $10,371

Year-over-Year Comparison

2019 2018 Change
Revenue $139 $5,457 -1.0%
Expenses $10,371 $11,963 -0.1%
Net Income $-10,232 $-6,506 +0.6%
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

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Liquidity & Cash Position

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Governance

Voting Members
10
Independent Members
10
Employees
N/A
Volunteers
10

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
4
$0
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Bill Askew Chairman 1.0
Director
$0 $0 $0
Ronnie Bruno Secretary 1.0
Officer Director
$0 $0 $0
Scott Peters Vice President 1.0
Officer Director
$0 $0 $0
Bill Ritter Member 1.0
Director
$0 $0 $0
Frank D'Amico Member 1.0
Director
$0 $0 $0
Kate Nieslen Member 1.0
Director
$0 $0 $0
Rena Ramsey Member 1.0
Director
$0 $0 $0
Ann Forney Member 1.0
Director
$0 $0 $0
Bill Horton President/CEO 1.0
Officer Director
$0 $0 $0
Paul Hodges Treasurer 1.0
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
2020 $139 $10,371 $563,961 $-10,232
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