The Huntsville Optimist Foundation

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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

Thomas Rumph

Phone

2567727929

Tax Period

2023-01-01 to 2023-12-31

The Huntsville Optimist Foundation, founded in 1992, is a micro nonprofit in the Human Services sector that reported $28K in total revenue in fiscal year 2023. Revenue fell 59% from the prior year — a significant decline worth monitoring. Expenses of $44K exceeded revenue, resulting in a 57% operating deficit.

Mission

To engage in all charitable purposes which an organization may engage in as an organization exempt from income taxation under section 501(c)3 of the internal revenue code.

Program Service Accomplishments

Program 1

Expenses: $43,977 Revenue: $0

The Optimist Club of Huntsville (000) - Conducts youth activities such as buying music instruments and loaning them to middle school students who cant afford to buy one, allowing them to play in the band. Conduct Oratical, essay and sport events to help develop students skills. Support Junior Optimist Clubs in 6 school, teaching students skills in public speaking the proper way to conduct meetings, and how to handle finances.

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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 $0

Program Service Revenue $0

Investment Income $28,000

Other Revenue $0

TOTAL REVENUE $28,000

Expense Breakdown

Grants Paid $43,977

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $43,977

Other Expenses $0

TOTAL EXPENSES $43,977

Year-over-Year Comparison

	2023	2022	Change
Revenue	$28,000	$67,825	-0.6%
Expenses	$43,977	$54,096	-0.2%
Net Income	$-15,977	$13,729	-2.2%

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

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
Alberto Duarte	Director and President	3.00	Officer Director	$0	$0	$0
Gay Pepper	Director	2.00	Officer Director	$0	$0	$0
Thomas Rumph	Secretary and Treasurer	3.00	Officer Director	$0	$0	$0
Mather Clarke	Director	1.00	Director	$0	$0	$0
Allen Renz	Director	1.00	Director	$0	$0	$0
Jim Roe	Director	1.00	Director	$0	$0	$0
Vastell Williams	Director	1.00	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	No data	No data	No data	No data
2023	$28,000	$43,977	$1,125,934	$-15,977
2022	$67,825	$54,096	$1,062,236	$13,729
2021	$142,590	$23,352	$1,304,907	$119,238
2020	$106,699	$29,997	$1,185,669	$76,702