Applied Research Center of Alabama (EIN 631181805) - 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

1996

Legal Domicile

Principal Officer

Michael Staley

Phone

2054022755

Tax Period

2023-01-01 to 2023-12-31

Applied Research Center of Alabama, founded in 1996, is a small nonprofit that reported $179K in total revenue in fiscal year 2018. Revenue surged 281% from the prior year, signaling strong growth momentum. Expenses of $216K exceeded revenue, resulting in a 21% operating deficit.

Mission

To improve the environment and therefore improve the social welfare of the State of 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 $0

Program Service Revenue $178,989

Investment Income $25,911

Other Revenue $0

TOTAL REVENUE $204,900

Expense Breakdown

Grants Paid $15,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $212,413

Other Expenses $223,418

TOTAL EXPENSES $238,418

Year-over-Year Comparison

	2023	2022	Change
Revenue	$204,900	$175,225	+0.2%
Expenses	$238,418	$284,220	-0.2%
Net Income	$-33,518	$-108,995	-0.7%

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

$187,200

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Mike Cole	Director	2.00	Director	$0	$0	$0
Waymond Jackson	Secretary & Assistant	2.00	Officer Director	$0	$0	$0
Cedric Daniels	Chairman	2.00	Officer Director	$0	$0	$0
Julie Dozier	Treasurer	20.00	Officer	$7,200	$0	$7,200
Michael Staley	Executive Director	20.00	Officer	$0	$0	$180,000

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	No data	No data	No data	No data
2023	$204,900	$238,418	$959,211	$-33,518
2022	$175,225	$284,220	$964,362	$-108,995
2021	$74,777	$203,472	$1,296,263	$-128,695
2020	$270,779	$303,353	$1,290,421	$-32,574
2019	$130,176	$260,590	$1,278,864	$-130,414
2018	$178,815	$216,198	$1,209,021	$-37,383

Applied Research Center of Alabama