ALABAMA ASSOCIATION OF HOUSING AND REDEVELOPMENT AUTHORITIES (EIN 636045638) - Form 990 Financial Analysis & Trantor Score

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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

1971

Legal Domicile

Principal Officer

MATTHEW MCCLAMMEY

Phone

3344470034

Tax Period

2024-10-01 to 2025-09-30

ALABAMA ASSOCIATION OF HOUSING AND REDEVELOPMENT AUTHORITIES, founded in 1971, is a small nonprofit that reported $444K in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. The organization ran a surplus of $97K, a strong 22% operating margin.

Mission

TO IMPROVE THE QUALITY AND MANAGEMENT OF ASSISTED HOUSING PROGRAMS

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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 (2024)

Revenue Breakdown

Contributions & Grants $12,435

Program Service Revenue $421,883

Investment Income $9,440

Other Revenue $0

TOTAL REVENUE $443,758

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $286,765

Other Expenses $347,179

TOTAL EXPENSES $347,179

Year-over-Year Comparison

	2024	2023	Change
Revenue	$443,758	$398,600	+0.1%
Expenses	$347,179	$306,015	+0.1%
Net Income	$96,579	$92,585	+0.0%

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

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

$4,400

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MATTHEW MCCLAMMEY	PRESIDENT	1.00	Officer	$0	$0	$0
SHANA DEMBY	VICE PRESIDE	1.00	Officer	$0	$0	$0
N/A	TREASURER	1.00	Officer	$2,400	$0	$2,400
PEGGY HORTON	SECRETARY	1.00	Officer	$2,000	$0	$2,000
J STEVEN SIDES	BOARD MEMBER	1.00	Director	$0	$0	$0
ANTONIO MCGINNIS	BOARD MEMBER	1.00	Director	$0	$0	$0
MAURA WILLIAMS	BOARD MEMBER	1.00	Director	$0	$0	$0
STACY PARRIS	BOARD MEMBER	1.00	Director	$0	$0	$0
MAGGIE PEREZ	BOARD MEMBER	1.00	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
2025	$443,758	$347,179	$630,474	$96,579
2024	$398,600	$306,015	$516,822	$92,585
2023	$391,079	$342,212	$422,450	$48,867
2022	$370,776	$392,292	$360,812	$-21,516
2021	$324,108	$321,017	$391,775	$3,091
2020	$81,000	$94,962	$387,774	$-13,962
2019	$387,473	$396,651	$405,478	$-9,178
2018	$321,864	$284,943	$403,098	$36,921

ALABAMA ASSOCIATION OF HOUSING AND REDEVELOPMENT AUTHORITIES