THE ECONOMIC DEVELOPMENT PARTNERSHIP OF ALABAMA FOUNDATION INC (EIN 631126742) - 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

MILLER GIRVIN

Phone

2059434706

Tax Period

2024-01-01 to 2024-12-31

THE ECONOMIC DEVELOPMENT PARTNERSHIP OF ALABAMA FOUNDATION INC, founded in 1994, is a community nonprofit in the Education sector that reported $1.3M in total revenue in fiscal year 2018. Revenue fell 34% from the prior year — a significant decline worth monitoring. Expenses of $2.0M exceeded revenue, resulting in a 59% operating deficit.

Mission

SUPPORTING ORGANIZATION FOR ECONOMIC DEVELOPMENT PARTNERSHIP OF ALABAMA, INC.

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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 (2024)

Revenue Breakdown

Contributions & Grants $2,596,176

Program Service Revenue $67,159

Investment Income $167,696

Other Revenue $0

TOTAL REVENUE $2,831,031

Expense Breakdown

Grants Paid $292,500

Salaries & Benefits $0

Fundraising Expenses $4,134

Program Expenses $2,595,497

Other Expenses $3,042,171

TOTAL EXPENSES $3,334,671

Year-over-Year Comparison

	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%

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

N/A

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

$1,069,035

Total Directors

Key Employees

Highest Compensated

reported

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

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	$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

THE ECONOMIC DEVELOPMENT PARTNERSHIP OF ALABAMA FOUNDATION INC