Individual and Family Support of South Alabama Inc (EIN 631113720) - 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

Gerald Oveson

Phone

2514381609

Tax Period

2023-10-01 to 2024-09-30

Individual and Family Support of South Alabama Inc, founded in 1994, is a small nonprofit in the Human Services sector that reported $435K in total revenue in fiscal year 2017. Expenses of $417K left a modest 4% surplus.

Mission

The mission of Individual and Family Support of South Alabama, Inc. is to adopt and implement projects that support and enhance the lives of persons with disabilities in Alabama.

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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 $527,203

Program Service Revenue $34,227

Investment Income $0

Other Revenue $0

TOTAL REVENUE $561,430

Expense Breakdown

Grants Paid $534,452

Salaries & Benefits $0

Fundraising Expenses $134

Program Expenses $554,287

Other Expenses $27,820

TOTAL EXPENSES $562,272

Year-over-Year Comparison

	2023	2022	Change
Revenue	$561,430	$556,082	+0.0%
Expenses	$562,272	$606,684	-0.1%
Net Income	$-842	$-50,602	-1.0%

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

350

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
Alvin Garvin	Chairperson	5.00	Director	$0	$0	$0
Jerryln London	Member	5.00	Director	$0	$0	$0
Dr Gerald Oveson	Member	5.00	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	$561,430	$562,272	$96,967	$-842
2023	$556,082	$606,684	No data	$-50,602
2022	$489,587	$475,302	No data	$14,285
2021	$416,233	$476,608	$133,784	$-60,375
2020	$417,247	$336,308	$194,132	$80,939
2019	$421,110	$371,416	$113,193	$49,694
2018	$435,061	$416,727	No data	$18,334

Individual and Family Support of South Alabama Inc