ALABAMA AFFORDABLE HOUSING ASSOCIATION SCHOLARSHIP FUND INC (EIN 631247145) - 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

2004

Legal Domicile

Principal Officer

GARY HALL

Phone

2053318668

Tax Period

2023-01-01 to 2023-12-31

ALABAMA AFFORDABLE HOUSING ASSOCIATION SCHOLARSHIP FUND INC, founded in 2004, is a small nonprofit in the Education sector that reported $141K in total revenue in fiscal year 2018. Revenue grew 14% year-over-year, indicating healthy expansion. The organization ran a surplus of $60K, a strong 43% operating margin.

Mission

TO PROVIDE SCHOLARSHIPS TO DESERVING STUDENTS.

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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 $174,583

Program Service Revenue $0

Investment Income $841

Other Revenue $16,498

TOTAL REVENUE $191,922

Expense Breakdown

Grants Paid $79,332

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $79,332

Other Expenses $23,248

TOTAL EXPENSES $102,580

Year-over-Year Comparison

	2023	2022	Change
Revenue	$191,922	$195,866	0.0%
Expenses	$102,580	$69,984	+0.5%
Net Income	$89,342	$125,882	-0.3%

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

N/A

Independent Members

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
FRED BENNETT	DIRECTOR	Director	$0	$0	$0
GARY HALL	DIRECTOR	Director	$0	$0	$0
JUSTIN HEBERLING	DIRECTOR	Director	$0	$0	$0
ALLAN RAPPUHN	DIRECTOR	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	$191,922	$102,580	$487,436	$89,342
2022	$195,866	$69,984	$398,094	$125,882
2021	$98,281	$71,027	$272,212	$27,254
2020	$35,895	$50,484	$244,958	$-14,589
2019	$156,376	$147,754	$259,547	$8,622
2018	$140,870	$80,404	$250,925	$60,466

ALABAMA AFFORDABLE HOUSING ASSOCIATION SCHOLARSHIP FUND INC