ALPHA BETA HOUSE CORPORATION OF UNIVERSITY ALABAMA INC

EIN: 800338192

TUSCALOOSA, AL

Total Revenue
$795,319
Total Expenses
$935,447
Total Assets
$9,580,677
Net Assets
$3,528,644
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
1959
Legal Domicile
AL
Principal Officer
STEPHEN SNOW
Phone
2053455100
Tax Period
2021-07-01 to 2022-06-30

ALPHA BETA HOUSE CORPORATION OF UNIVERSITY ALABAMA INC, founded in 1959, is a small nonprofit that reported $886K in total revenue in fiscal year 2017. Revenue fell 61% from the prior year — a significant decline worth monitoring. Net assets of $4.0M represent 54 months of operating reserves.

Mission

TO PROVIDE HOUSING FOR THE UNDERGRADUATE CHAPTER OF A NATIONAL COLLEGE SOCIAL FRATERNITY.

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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%)

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Financial Overview (2021)

Revenue Breakdown

Contributions & Grants $7,255
Program Service Revenue $776,755
Investment Income $11,309
Other Revenue $0
TOTAL REVENUE $795,319

Expense Breakdown

Grants Paid $0
Salaries & Benefits $171,715
Fundraising Expenses $0
Other Expenses $763,732
TOTAL EXPENSES $935,447

Year-over-Year Comparison

2021 2020 Change
Revenue $795,319 $554,731 +0.4%
Expenses $935,447 $911,078 +0.0%
Net Income $-140,128 $-356,347 -0.6%
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

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Liquidity & Cash Position

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Governance

Voting Members
2
Independent Members
N/A
Employees
7
Volunteers
2

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
2
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHUCK SITTASON SECRETARY/TR N/A
Officer
$0 $0 $0
STEPHEN SNOW PRESIDENT N/A
Officer
$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
2022 $795,319 $935,447 $9,580,677 $-140,128
2021 $554,731 $911,078 $9,823,298 $-356,347
2020 $751,782 $607,416 $9,981,474 $144,366
2019 $806,488 $882,092 $10,036,851 $-75,604
2018 $885,907 $878,998 $10,206,515 $6,909
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