ALABAMA FAMILY TRUST CORP DBA ALABAMA FAMILY TRUST (EIN 631144514) - 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

1995

Legal Domicile

Phone

2058838333

Tax Period

2023-10-01 to 2024-09-30

ALABAMA FAMILY TRUST CORP DBA ALABAMA FAMILY TRUST, founded in 1995, is a community nonprofit in the Human Services sector that reported $1.2M in total revenue in fiscal year 2017. Revenue grew 10% year-over-year, indicating healthy expansion. The organization ran a surplus of $206K, a strong 17% operating margin.

Mission

THE ALABAMA LEGISLATURE DECLARED THE PURPOSE OF THE ALABAMA FAMILY TRUST CORPORATION IS TO ENCOURAGE, ENHANCE, AND FOSTER THE PROVISION OF MEDICAL, SOCIAL, OR OTHER SUPPLEMENTAL SERVICES FOR PERSONS WITH A MENTAL OR PHYSICAL IMPAIRMENT. PURSUANT TO 42 U.S.C. 1396P(D)(4)(C) AND ALA. CODE 38-9B, FEDERAL AND STATE LAW ALLOWS THE ALABAMA FAMILY TRUST TO BE A POOLED TRUST AND SPECIFIES HOW THE ALABAMA FAMILY TRUST PROTECTS FUNDS. THE ALABAMA FAMILY TRUST CORPORATION HAS TAKEN ALL STEPS NECESSARY TO SATISFY ALL FEDERAL AND STATE LAWS TO ENSURE THAT THE ALABAMA FAMILY TRUST AND THE ALABAMA CHARITABLE TRUST ARE QUALIFIED TO SUPPLEMENT THE PROVISION OF GOVERNMENT ENTITLEMENT FUNDING AND, WHERE NECESSARY, ARE QUALIFIED AS TAX EXEMPT ENTITIES UNDER THE UNITED STATES INTERNAL REVENUE CODE.

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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 $0

Program Service Revenue $1,508,549

Investment Income $120,639

Other Revenue $0

TOTAL REVENUE $1,629,188

Expense Breakdown

Grants Paid $0

Salaries & Benefits $439,993

Fundraising Expenses $0

Program Expenses $907,965

Other Expenses $467,972

TOTAL EXPENSES $907,965

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,629,188	$1,394,048	+0.2%
Expenses	$907,965	$920,353	0.0%
Net Income	$721,223	$473,695	+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

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

$141,692

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LESLEY BYARS	Executive Dir.	40.00	Officer	$141,692	$0	$141,692
JENNIFER GRIFFIN	President	3.00	Officer Director	$0	$0	$0
WALLACE DAVIS	Vice President	3.00	Officer Director	$0	$0	$0
JAMES WALSH	Treasurer	2.00	Officer Director	$0	$0	$0
LATANYA RHINES	Secretary	2.00	Officer Director	$0	$0	$0
LYNN CAMPISI	Trustee	1.50	Director	$0	$0	$0
DAVID SALTER	Trustee	1.50	Director	$0	$0	$0
VANCE HOLDER	Trustee	1.50	Director	$0	$0	$0
JUDY SHEPURA	Trustee	1.50	Director	$0	$0	$0
KIM DAVIS	Trustee	1.50	Director	$0	$0	$0
JOHN PALUZZI	Trustee	1.50	Director	$0	$0	$0
CLAYTON DAVIS	Trustee	1.50	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	$1,629,188	$907,965	$3,567,106	$721,223
2023	$1,394,048	$920,353	$3,390,102	$473,695
2022	$1,340,801	$1,023,006	$2,321,653	$317,795
2021	$1,397,036	$1,039,890	$2,510,686	$357,146
2020	$1,380,588	$1,006,901	$1,741,466	$373,687
2019	$1,338,491	$966,692	$1,614,266	$371,799
2018	$1,184,407	$978,090	$903,270	$206,317

ALABAMA FAMILY TRUST CORP DBA ALABAMA FAMILY TRUST