THE COMMUNITY FOUNDATION OF GREATE… - 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

CHRISTOPHER NANNI

Phone

2053273805

Tax Period

2023-01-01 to 2023-12-31

THE COMMUNITY FOUNDATION OF GREATER BIRMINGHAM, founded in 1997, is a mid-sized nonprofit in the Philanthropy & Grantmaking sector that reported $30.6M in total revenue in fiscal year 2023. Revenue fell 36% from the prior year — a significant decline worth monitoring. Expenses of $35.9M exceeded revenue, resulting in a 17% operating deficit.

Mission

THE MISSION OF THE COMMUNITY FOUNDATION OF GREATER BIRMINGHAM IS TO IGNITE PASSION FOR TRANSFORMATIONAL CHANGE IN OUR COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $30,167,959 Revenue: $0

THE COMMUNITY FOUNDATION LEVERAGES GIFTS AND BEQUESTS AND WORKS TO IMPROVE THE LIFE OF THE GREATER BIRMINGHAM REGION IN PARTNERSHIP WITH GRANTS FROM DONOR ADVISED, DESIGNATED, AND SCHOLARSHIP FUNDS.

Program 2

Expenses: $3,336,362 Revenue: $0

WITH ITS FLEXIBLE FUNDS, THE COMMUNITY FOUNDATION OF GREATER BIRMINGHAM STRIVES TO DRIVE POSITIVE CHANGE IN OUR FIVE-COUNTY AREA BY SUPPORTING PROGRAMS, PROJECTS AND CAPITAL IMPROVEMENTS THAT WILL...

WITH ITS FLEXIBLE FUNDS, THE COMMUNITY FOUNDATION OF GREATER BIRMINGHAM STRIVES TO DRIVE POSITIVE CHANGE IN OUR FIVE-COUNTY AREA BY SUPPORTING PROGRAMS, PROJECTS AND CAPITAL IMPROVEMENTS THAT WILL HAVE A PROFOUND IMPACT ON A BROAD RANGE OF IMPORTANT ISSUES AND AREAS OF COMMUNITY LIFE, INCLUDING OVERCOMING PERSISTENT POVERTY; BUILDING THRIVING COMMUNITIES; ECONOMIC OPPORTUNITY FOR ALL; REGIONAL COOPERATION; AND EQUITY AND INCLUSION.

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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 $24,597,446

Program Service Revenue $0

Investment Income $5,913,205

Other Revenue $123,616

TOTAL REVENUE $30,634,267

Expense Breakdown

Grants Paid $31,339,065

Salaries & Benefits $1,847,275

Fundraising Expenses $1,518,841

Program Expenses $33,504,321

Other Expenses $2,715,577

TOTAL EXPENSES $35,901,917

Year-over-Year Comparison

	2023	2022	Change
Revenue	$30,634,267	$48,186,297	-0.4%
Expenses	$35,901,917	$29,035,020	+0.2%
Net Income	$-5,267,650	$19,151,277	-1.3%

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

122

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

$376,720

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRIAN HAMILTON	BOARD PRESIDENT	2.00	Director	$0	$0	$0
ROB BLALOCK	DIRECTOR	2.00	Director	$0	$0	$0
KATE R DANELLA	DIRECTOR	2.00	Director	$0	$0	$0
GREGORY P BUTRUS	DIRECTOR	2.00	Director	$0	$0	$0
NANCY GOEDECKE	DIRECTOR	2.00	Director	$0	$0	$0
MYLA CALHOUN	DIRECTOR	2.00	Director	$0	$0	$0
DAVID GRAY	DIRECTOR	2.00	Director	$0	$0	$0
RASHADA LEROY	DIRECTOR	2.00	Director	$0	$0	$0
DANIEL COLEMAN	DIRECTOR	2.00	Director	$0	$0	$0
EDGAR MARX JR	DIRECTOR	2.00	Director	$0	$0	$0
LISSA TYSON	DIRECTOR	2.00	Director	$0	$0	$0
VIVIAN MORA	DIRECTOR	2.00	Director	$0	$0	$0
JARED WEINSTEIN	DIRECTOR	2.00	Director	$0	$0	$0
SHEGUN OTULANA	DIRECTOR	2.00	Director	$0	$0	$0
MECHELLE WILDER	DIRECTOR	2.00	Director	$0	$0	$0
RUFFNER PAGE	DIRECTOR	2.00	Director	$0	$0	$0
CATHY WRIGHT	DIRECTOR	2.00	Director	$0	$0	$0
GUIN ROBINSON	DIRECTOR	2.00	Director	$0	$0	$0
DELYNN ZELL	DIRECTOR	2.00	Director	$0	$0	$0
SANJAY SINGH	DIRECTOR	2.00	Director	$0	$0	$0
CHRISTOPHER NANNI	PRESIDENT/CEO	40.00	Officer	$200,063	$36,278	$236,341
CHRIS LUKETIC	CHIEF FINANCIAL OFFICER	40.00	Officer	$111,698	$28,681	$140,379
GEORGE GASKIN	DIRECTOR OF GIFT PLANNING	40.00	Highest	$100,865	$5,643	$106,508
LORA BLALOCK	VICE PRESIDENT, DEVELOPMENT	40.00	Highest	$116,654	$25,840	$142,494
GUS HEARD-HUGHES	VICE PRESIDENT, PROGRAMS	40.00	Highest	$112,436	$21,712	$134,148

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	$30,634,267	$35,901,917	$290,214,848	$-5,267,650
2022	$48,186,297	$29,035,020	$266,608,513	$19,151,277
2021	$49,687,592	$26,491,419	$299,631,425	$23,196,173
2020	$34,137,645	$27,060,689	$264,438,081	$7,076,956
2019	$45,701,597	$26,157,738	$238,658,261	$19,543,859
2018	$31,557,371	$21,481,369	$212,034,775	$10,076,002

THE COMMUNITY FOUNDATION OF GREATER BIRMINGHAM