BIRMINGHAM, AL
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)THE ECONOMIC DEVELOPMENT PARTNERSHIP OF ALABAMA FOUNDATION INC, founded in 1994, is a community nonprofit in the Education sector that reported $2.8M in total revenue in fiscal year 2024. Revenue surged 48% from the prior year, signaling strong growth momentum. Expenses of $3.3M exceeded revenue, resulting in a 18% operating deficit.
SUPPORTING ORGANIZATION FOR ECONOMIC DEVELOPMENT PARTNERSHIP OF ALABAMA, INC.
ALABAMA LAUNCHPAD IS A PROGRAM OF THE ECONOMIC DEVELOPMENT PARTNERSHIP OF ALABAMA FOUNDATION, A 501(C)(3) ORGANIZATION. THROUGH A PROOF OF CONCEPT COMPETITION, A SEED STAGE COMPETITION, REGIONAL...
ALABAMA LAUNCHPAD IS A PROGRAM OF THE ECONOMIC DEVELOPMENT PARTNERSHIP OF ALABAMA FOUNDATION, A 501(C)(3) ORGANIZATION. THROUGH A PROOF OF CONCEPT COMPETITION, A SEED STAGE COMPETITION, REGIONAL COMPETITIONS, IMERGE NETWORKING EVENTS AND DATA INSIGHTS REPORTS, ALABAMA LAUNCHPAD PROVIDES A FRAMEWORK FOR INDIVIDUALS IN THE STATE TO LOCATE INNOVATIONS, DEVELOP THEIR BUSINESS IDEAS AND CONNECT TO A NETWORK OF EXPERTS, INVESTORS AND SERVICE PROVIDERS THAT CAN INCREASE THE ODDS OF SUCCESS. ALABAMA LAUNCHPAD PROVIDES UNIQUE OPPORTUNITIES TO OBTAIN START-UP CAPITAL, RECEIVE EXPERT GUIDANCE AND ESTABLISH WORKING RELATIONSHIPS WITHIN THE BUSINESS, ACADEMIC AND INVESTMENT CAPITAL COMMUNITIES. ALABAMA LAUNCHPAD ALSO PROVIDES NETWORKING VENUES THROUGHOUT THE STATE TO PUT THE SPOTLIGHT ON STARTUP SUCCESSES.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $2,831,031 | $1,910,409 | +0.5% |
| Expenses | $3,334,671 | $2,916,439 | +0.1% |
| Net Income | $-503,640 | $-1,006,030 | -0.5% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| JAMES H SANFORD | BOARD CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| MICHAEL CHAMBERS | DIRECTOR | 0.50 |
Director
|
$0 | $0 | $0 |
| CARTER WELLS | DIRECTOR | 0.50 |
Director
|
$0 | $0 | $0 |
| LIZ PHARO | DIRECTOR | 0.50 |
Director
|
$0 | $0 | $0 |
| LEIGH DAVIS | BOARD MEMBER | 0.50 |
Director
|
$0 | $0 | $0 |
| DEL SMITH | BOARD MEMBER | 0.50 |
Director
|
$0 | $0 | $0 |
| BOB POWERS | DIRECTOR | 0.50 |
Director
|
$0 | $0 | $0 |
| MILLER GIRVIN | PRESIDENT | 4.00 |
Officer
|
$0 | $37,638 | $302,296 |
| STEVE SEWELL | EXECUTIVE VICE PRESIDENT | 4.00 |
Officer
|
$0 | $35,095 | $225,235 |
| KATHERINE HUGHES | VP - INNOVATION & ENTREPRENEURSHIP | 40.00 |
Officer
|
$0 | $27,660 | $163,332 |
| BAKARI MILLER | VICE PRESIDENT | 1.00 |
Officer
|
$0 | $16,932 | $159,637 |
| LAUREN HYDE | VICE PRESIDENT | 1.00 |
Officer
|
$0 | $14,738 | $218,535 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $2,831,031 | $3,334,671 | $7,249,620 | $-503,640 |
| 2023 | $1,910,409 | $2,916,439 | $6,973,983 | $-1,006,030 |
| 2022 | $7,073,213 | $2,676,636 | $7,740,851 | $4,396,577 |
| 2021 | $1,400,779 | $1,249,353 | $3,720,368 | $151,426 |
| 2020 | $1,127,608 | $1,170,269 | $3,793,573 | $-42,661 |
| 2019 | $1,577,541 | $1,759,765 | $3,475,361 | $-182,224 |
| 2018 | $1,254,731 | $1,993,245 | $3,405,678 | $-738,514 |
Compare THE ECONOMIC DEVELOPMENT PARTNERSHIP OF ALABAMA FOUNDATION INC with other nonprofits in Alabama and across the country.