BETTER BASICS INC (EIN 631106040) - 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

1994

Legal Domicile

Principal Officer

CATHERINE GOUDREAU

Phone

2059442928

Tax Period

2023-07-01 to 2024-06-30

Better Basics Inc, founded in 1994, is a community nonprofit in the Crime & Legal sector that reported $1.3M in total revenue in fiscal year 2018. Revenue decreased 11% compared to the prior year. Expenses of $1.2M left a modest 4% surplus.

Mission

BETTER BASICS WORKS TO ERADICATE ILLITERACY AMONG CHILDREN IN CENTRAL ALABAMA. WE DELIVER READING AND MATH INSTRUCTION AND RESOURCES TO EMPOWER THE EDUCATIONALLY VULNERABLE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $2,057,001

Program Service Revenue $345,833

Investment Income $58,080

Other Revenue $99,915

TOTAL REVENUE $2,560,829

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,645,487

Fundraising Expenses $165,369

Program Expenses $1,975,695

Other Expenses $877,754

TOTAL EXPENSES $2,553,241

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,560,829	$2,004,094	+0.3%
Expenses	$2,553,241	$2,028,509	+0.3%
Net Income	$7,588	$-24,415	-1.3%

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

150

Volunteers

820

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

$63,389

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAIME MELTON ANDERSON	DIRECTOR	1.00	Director	$0	$0	$0
WILL AVANT	DIRECTOR	1.00	Director	$0	$0	$0
RUSS BAGBY	DIRECTOR	1.00	Director	$0	$0	$0
CASEY BARTOK	DIRECTOR	1.00	Director	$0	$0	$0
ANNALISA BEAVERS	DIRECTOR	2.00	Director	$0	$0	$0
KATIE BURNETT	DIRECTOR	2.00	Director	$0	$0	$0
MELODY EAGAN	DIRECTOR	1.00	Director	$0	$0	$0
KESHIA ELLISON	DIRECTOR	1.00	Director	$0	$0	$0
CYNTHIA JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
KATHERINE KNIGHTEN	DIRECTOR	1.00	Director	$0	$0	$0
MARY ROBERSON	DIRECTOR	1.00	Director	$0	$0	$0
CADESHIA SAMUEL	DIRECTOR	1.00	Director	$0	$0	$0
JONATHAN SCHNIPER	DIRECTOR	1.00	Director	$0	$0	$0
CARRIE SELF	DIRECTOR	1.00	Director	$0	$0	$0
LEIGH ANN SMITH	DIRECTOR	1.00	Director	$0	$0	$0
MARY STEADMAN	DIRECTOR	1.00	Director	$0	$0	$0
JAMES WEBB	DIRECTOR	1.00	Director	$0	$0	$0
ALLISON WESTLAKE	DIRECTOR	1.00	Director	$0	$0	$0
CARLA JEAN WHITLEY	DIRECTOR	1.00	Director	$0	$0	$0
CHASE WRIGHT	DIRECTOR	1.00	Director	$0	$0	$0
ROMISSA WALTON	SECRETARY	2.00	Officer Director	$0	$0	$0
AMANDA SAINT	TREASURER	2.00	Officer Director	$0	$0	$0
GALVIN BILLUPS	PRESIDENT	2.00	Officer Director	$0	$0	$0
JIMMY PUCKETT	PRESIDENT ELECT	2.00	Officer Director	$0	$0	$0
CATHERINE GOUDREAU	EXECUTIVE DIRECTOR	40.00	Officer	$63,389	$0	$63,389

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	No data	No data	No data	No data
2024	$2,560,829	$2,553,241	$3,116,054	$7,588
2023	$2,004,094	$2,028,509	$3,083,354	$-24,415
2022	$1,655,038	$1,710,198	$2,776,280	$-55,160
2021	$1,359,673	$1,314,233	$2,913,823	$45,440
2020	$1,737,594	$1,416,756	$2,934,065	$320,838
2019	$1,261,298	$1,206,063	$2,434,188	$55,235

BETTER BASICS INC