ALABAMA HIGHER EDUCATION ASSOCIATI… - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1997

Legal Domicile

Principal Officer

GORDON STONE

Phone

3348329911

Tax Period

2023-10-01 to 2024-09-30

ALABAMA HIGHER EDUCATION ASSOCIATION D/B/A HIGHER EDUCATION PARTNERSHIP, founded in 1997, is a small nonprofit that reported $990K in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $871K left a modest 12% surplus.

Mission

TO ADVOCATE THE IMPORTANCE OF HIGHER EDUCATION IN BETTERING THE LIVES OF PEOPLE IN ALABAMA.

Program Service Accomplishments

Program 1

COMMUNICATION, EDUCATION, AND RESEARCH FOR MEMBERS AND THE GENERAL PUBLIC, RELATED TO HIGHER EDUCATION IN ALABAMA.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $737,506

Investment Income $16,375

Other Revenue $235,923

TOTAL REVENUE $989,804

Expense Breakdown

Grants Paid $0

Salaries & Benefits $468,494

Fundraising Expenses $0

Other Expenses $402,505

TOTAL EXPENSES $870,999

Year-over-Year Comparison

	2023	2022	Change
Revenue	$989,804	$860,073	+0.2%
Expenses	$870,999	$757,917	+0.1%
Net Income	$118,805	$102,156	+0.2%

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

$173,123

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MR BISHOP ALEXANDER	BOARD MEMBER	1.00	Director	$0	$0	$0
MR MUHAMMED ALI	BOARD MEMBER	1.00	Director	$0	$0	$0
MR EDDIE BAKER	BOARD MEMBER	1.00	Director	$0	$0	$0
MR PORTER BANISTER	BOARD MEMBER	1.00	Director	$0	$0	$0
DR STUART BELL	BOARD MEMBER	1.00	Director	$0	$0	$0
MR GREG BERRY	BOARD MEMBER	1.00	Director	$0	$0	$0
DR JO BONNER	BOARD MEMBER	1.00	Director	$0	$0	$0
MR MATTHEW BRANNAN	BOARD MEMBER	1.00	Director	$0	$0	$0
DR JENNIFER R BRELAND	BOARD MEMBER	1.00	Director	$0	$0	$0
DR NATALIE BRYANT	BOARD MEMBER	1.00	Director	$0	$0	$0
MRS PETURA BURKE	BOARD MEMBER	1.00	Director	$0	$0	$0
MR BOYD BUSBY	BOARD MEMBER	1.00	Director	$0	$0	$0
DR WENDY CASH	BOARD MEMBER	1.00	Director	$0	$0	$0
MS LEIGHA CAUTHEN	BOARD MEMBER	1.00	Director	$0	$0	$0
MR JASON COCHRAN	BOARD MEMBER	1.00	Director	$0	$0	$0
MR RICHARD COLLIE	BOARD MEMBER	1.00	Director	$0	$0	$0
BILL OCONNOR	BOARD MEMBER	1.00	Director	$0	$0	$0
MS LYDIA DABBS	BOARD MEMBER	1.00	Director	$0	$0	$0
MR SCOTT DILLARD	BOARD MEMBER	1.00	Director	$0	$0	$0
DR GILBERT DUENAS	BOARD MEMBER	1.00	Director	$0	$0	$0
MR JASON ETHERIDGE	BOARD MEMBER	1.00	Director	$0	$0	$0
DR KEITH FERGUSON	BOARD MEMBER	1.00	Director	$0	$0	$0
MR WILLIAM FILMORE	BOARD MEMBER	1.00	Director	$0	$0	$0
MS ANNA CATHERINE FINCHER	BOARD MEMBER	1.00	Director	$0	$0	$0
DR SARAH FRANKLIN	BOARD MEMBER	1.00	Director	$0	$0	$0
MS MYA GIBBS	BOARD MEMBER	1.00	Director	$0	$0	$0
MR SAMAD GILLANI	BOARD MEMBER	1.00	Director	$0	$0	$0
MRS BANKS GORDY	BOARD MEMBER	1.00	Director	$0	$0	$0
MR LANDON HALE	BOARD MEMBER	1.00	Director	$0	$0	$0
MS VICTORIA HAMILTON	BOARD MEMBER	1.00	Director	$0	$0	$0
MS JULIE HARDISON	BOARD MEMBER	1.00	Director	$0	$0	$0
DR JACK HAWKINS	BOARD MEMBER	1.00	Director	$0	$0	$0
DR K RIA HEARLD	BOARD MEMBER	1.00	Director	$0	$0	$0
MRRONNIE HEBERT	BOARD MEMBER	1.00	Director	$0	$0	$0
MS STEPHANIE HENDON	BOARD MEMBER	1.00	Director	$0	$0	$0
CJ HINCY	BOARD MEMBER	1.00	Director	$0	$0	$0
DR MATTHEW HUDNALL	BOARD MEMBER	1.00	Director	$0	$0	$0
MS LORIELLE HUTCHINSON	BOARD MEMBER	1.00	Director	$0	$0	$0
MS EMMA JANKOWSKI	BOARD MEMBER	1.00	Director	$0	$0	$0
DR JEANETTE JONES	BOARD MEMBER	1.00	Director	$0	$0	$0
MR GREG JONES	BOARD MEMBER	1.00	Director	$0	$0	$0
NICHOLAOS NICK JONES	BOARD MEMBER	1.00	Director	$0	$0	$0
DR CHARLES KARR	BOARD MEMBER	1.00	Director	$0	$0	$0
DR DON KILLINGSWORTH	BOARD MEMBER	1.00	Director	$0	$0	$0
DR KENNETH KITTS	BOARD MEMBER	1.00	Director	$0	$0	$0
MR ED LANGHAM	BOARD MEMBER	1.00	Director	$0	$0	$0
MR NICK LAWKIS	BOARD MEMBER	1.00	Director	$0	$0	$0
MS KAITLYN LETSON	BOARD MEMBER	1.00	Director	$0	$0	$0
MR ROB LEWIS	BOARD MEMBER	1.00	Director	$0	$0	$0
MR TOBIAS MENSE	BOARD MEMBER	1.00	Director	$0	$0	$0
MS TERRY MILLER	BOARD MEMBER	1.00	Director	$0	$0	$0
MR MICHAEL MILLER	BOARD MEMBER	1.00	Director	$0	$0	$0
MR JASON NEWELL	BOARD MEMBER	1.00	Director	$0	$0	$0
KACI OGLE	BOARD MEMBER	1.00	Director	$0	$0	$0
DR LORI OWENS	BOARD MEMBER	1.00	Director	$0	$0	$0
DR KAREN PETERSON	BOARD MEMBER	1.00	Director	$0	$0	$0
MR HANK RADER	BOARD MEMBER	1.00	Director	$0	$0	$0
QUENTIN RIGGINS	BOARD MEMBER	1.00	Director	$0	$0	$0
DR CHRISTOPHER ROBERTS	BOARD MEMBER	1.00	Director	$0	$0	$0
MR COLTON RODANO	BOARD MEMBER	1.00	Director	$0	$0	$0
DR KEM ROPER	BOARD MEMBER	1.00	Director	$0	$0	$0
DRQUINTON ROSS	BOARD MEMBER	1.00	Director	$0	$0	$0
MS DENISE SANTOS	BOARD MEMBER	1.00	Director	$0	$0	$0
MR RON SCHWERTFEGER	BOARD MEMBER	1.00	Director	$0	$0	$0
DR SHANAE SHAW	BOARD MEMBER	1.00	Director	$0	$0	$0
MR KYLE SHOOK	BOARD MEMBER	1.00	Director	$0	$0	$0
DR JOHN STEWART	BOARD MEMBER	1.00	Director	$0	$0	$0
DR CARL STOCKTON	BOARD MEMBER	1.00	Director	$0	$0	$0
MS JULIE Y TAYLOR	BOARD MEMBER	1.00	Director	$0	$0	$0
MS SYDNEY TESTMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
MR BYRON THETFORD	BOARD MEMBER	1.00	Director	$0	$0	$0
DR VERONICA TRIPLETT	BOARD MEMBER	1.00	Director	$0	$0	$0
DR KEN TUCKER	BOARD MEMBER	1.00	Director	$0	$0	$0
DR MRINAL VARMA	BOARD MEMBER	1.00	Director	$0	$0	$0
DR RAY WATTS	BOARD MEMBER	1.00	Director	$0	$0	$0
DR J J WEDGEWORTH	BOARD MEMBER	1.00	Director	$0	$0	$0
DR CATHERINE WEHLBURG	BOARD MEMBER	1.00	Director	$0	$0	$0
MR BRYANT WHALEY	BOARD MEMBER	1.00	Director	$0	$0	$0
DR JARED WHITE	BOARD MEMBER	1.00	Director	$0	$0	$0
MR CHRISTOPHER WHITE	BOARD MEMBER	1.00	Director	$0	$0	$0
DR DANIEL WIMS	BOARD MEMBER	1.00	Director	$0	$0	$0
BILL WALLACE	CHAIRMAN	1.00	Officer Director	$0	$0	$0
THOMAS GOVAN	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
CLEMIT SPRUIELL	TREASURER	1.00	Officer Director	$0	$0	$0
GORDON STONE	EXECUTIVE DIRECTOR	40.00	Officer	$150,488	$22,635	$173,123

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	$989,804	$870,999	$1,274,156	$118,805
2023	$860,073	$757,917	$1,024,898	$102,156
2022	$745,931	$672,503	$810,977	$73,428
2022	$700,203	$646,512	$785,634	$53,691
2021	$629,024	$561,347	$786,156	$67,677
2020	$542,375	$451,353	$638,564	$91,022
2019	$622,646	$560,187	$558,604	$62,459
2018	$594,232	$529,408	$496,435	$64,824

ALABAMA HIGHER EDUCATION ASSOCIATION D/B/A HIGHER EDUCATION PARTNERSHIP