ALABAMA BANKERS ASSOCIATION EMPLOYEE BENEFIT TRUST (EIN 836796619) - 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

2019

Legal Domicile

Principal Officer

JANICE COX

Phone

3343865733

Tax Period

2023-04-01 to 2024-03-31

ALABAMA BANKERS ASSOCIATION EMPLOYEE BENEFIT TRUST, founded in 2019, is a mid-sized nonprofit in the Mutual Benefit sector that reported $10.0M in total revenue in fiscal year 2020. Revenue surged 35% from the prior year, signaling strong growth momentum.

Mission

COLLECTION OF PARTICIPATING EMPLOYER CONTRIBUTIONS TO FUND HEALTH AND WELFARE PLAN PREMIUMS AND ADMINISTRATIVE EXPENSES.

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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 $0

Program Service Revenue $6,985,638

Investment Income $0

Other Revenue $0

TOTAL REVENUE $6,985,638

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $6,978,098

Other Expenses $70,185

TOTAL EXPENSES $6,978,098

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,985,638	$6,672,439	+0.0%
Expenses	$6,978,098	$6,698,058	+0.0%
Net Income	$7,540	$-25,619	-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

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
GUY DAVIS	DIRECTOR	1.00	Director	$0	$0	$0
JACK HANCOCK	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD WALTERS	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT LATHAM	PRESIDENT & CEO	1.00	Officer Director	$0	$0	$0
JANICE COX	PLAN ADMINISTRATOR	40.00	Officer 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	$6,985,638	$6,978,098	$890,270	$7,540
2023	$6,672,439	$6,698,058	$655,765	$-25,619
2022	$10,977,548	$10,947,821	$676,968	$29,727
2021	$10,036,414	$10,009,969	$984,544	$26,445

ALABAMA BANKERS ASSOCIATION EMPLOYEE BENEFIT TRUST