Alabama Association of Regional Councils

EIN: 631188498 501(c)(3) Education

Montgomery, AL

Total Revenue
$5,152,650
Total Expenses
$5,199,303
Total Assets
$330,029
Net Assets
$320,211
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Financial Trends

Organization Details

Formation Year
1995
Legal Domicile
AL
Principal Officer
Tyson Howard
Phone
3342772221
Tax Period
2023-01-01 to 2023-12-31

Alabama Association of Regional Councils, founded in 1995, is a small nonprofit in the Education sector that reported $351K in total revenue in fiscal year 2018. Revenue surged 43% from the prior year, signaling strong growth momentum.

Mission

This associations purpose is to provide education to all Regional Councils located in Alabama. This is done through seminars. Its mission is to provide education to all the local regional councils which provide low cost loans to underpriviledged businesses. They also process grants.

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Trantor Score

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $5,099,022
Investment Income $245
Other Revenue $53,383
TOTAL REVENUE $5,152,650

Expense Breakdown

Grants Paid $246,120
Salaries & Benefits $52,014
Fundraising Expenses $0
Program Expenses $5,120,120
Other Expenses $4,901,169
TOTAL EXPENSES $5,199,303

Year-over-Year Comparison

2023 2022 Change
Revenue $5,152,650 $2,731,288 +0.9%
Expenses $5,199,303 $2,731,262 +0.9%
Net Income $-46,653 $26 -1795.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
35
Independent Members
N/A
Employees
1
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
0
$0
Total Directors
12
$50,518
Key Employees
1
$50,518
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Ms Sharon Darrington Assistant 040.00
Director Key Emp
$50,518 $0 $50,518
Keith Jones Board Member 001.00
Director
$0 $0 $0
Bobby Page Board Member 001.00
Director
$0 $0 $0
Roger Hayes Board Member 001.00
Director
$0 $0 $0
Dennis Stripling Board Member 001.00
Director
$0 $0 $0
Mike Fields Board Member 001.00
Director
$0 $0 $0
Bobby White Board Member 001.00
Director
$0 $0 $0
Charles Ball Board Member 001.00
Director
$0 $0 $0
Eunice Rogers Board Member 001.00
Director
$0 $0 $0
Chester Jolly Board Member 001.00
Director
$0 $0 $0
Lori Sokol Board Member 001.00
Director
$0 $0 $0
Donna McKay Board Member 001.00
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 No data No data No data No data
2023 $5,152,650 $5,199,303 $330,029 $-46,653
2022 $2,731,288 $2,731,262 $300,565 $26
2021 $2,948,161 $2,927,249 $298,022 $20,912
2020 $1,847,429 $1,897,074 $275,904 $-49,645
2019 $528,233 $604,829 $325,549 $-76,596
2018 $350,639 $359,873 $350,539 $-9,234
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