Alabama Blues Project (EIN 631265205) - 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

2002

Legal Domicile

Principal Officer

ASHLEY R WHEAT

Phone

2057526263

Tax Period

2023-01-01 to 2023-12-31

Alabama Blues Project, founded in 2002, is a micro nonprofit in the Human Services sector that reported $71K in total revenue in fiscal year 2018. Expenses of $88K exceeded revenue, resulting in a 23% operating deficit.

Mission

ABPs mission is to promote and preserve Blues music

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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 $48,869

Program Service Revenue $31,647

Investment Income $0

Other Revenue $0

TOTAL REVENUE $80,516

Expense Breakdown

Grants Paid $0

Salaries & Benefits $46,837

Fundraising Expenses $18,727

Program Expenses $14,953

Other Expenses $50,044

TOTAL EXPENSES $96,881

Year-over-Year Comparison

	2023	2022	Change
Revenue	$80,516	$100,499	-0.2%
Expenses	$96,881	$127,585	-0.2%
Net Income	$-16,365	$-27,086	-0.4%

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES P WHITEHURST	President	N/A	Officer	$0	$0	$0
ROSA JOHNSON	Vice President	N/A	Officer	$0	$0	$0
STEVE BALLARD	Treasurer	N/A	Officer	$0	$0	$0
CHARLES NASH	Secretary	N/A	Officer	$0	$0	$0
ART DUNNING	Board Member	N/A	Director	$0	$0	$0
ALLISON CUNNINGHAM GEDDIE	Board Member	N/A	Director	$0	$0	$0
RICK GEDDIE	Board Member	N/A	Director	$0	$0	$0
KEN MCGUIRE	Board Member	N/A	Director	$0	$0	$0
CARROLINE SHINES-EDWARDS	Board Member	N/A	Director	$0	$0	$0
KIP TYNER	Board Member	N/A	Director	$0	$0	$0
DAVID BEDSOLE	Board Member	N/A	Director	$0	$0	$0
DENNY SCHWARTZ	Board Member	N/A	Director	$0	$0	$0
PJ ENGLISH	Board Member	N/A	Director	$0	$0	$0
ELIZABETH LARY	Board Member	N/A	Director	$0	$0	$0
BRENDA C REED	Director School Prog	N/A	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$80,516	$96,881	$13,930	$-16,365
2022	$100,499	$127,585	$32,145	$-27,086
2021	$136,847	$106,243	$61,835	$30,604
2020	$90,887	$73,421	$27,217	$17,466
2019	$67,855	$121,031	$9,339	$-53,176
2018	$71,453	$87,740	$59,573	$-16,287

Alabama Blues Project