ALBERTA, AL
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)FREEDOM QUILTING BEE LEGACY, founded in 2021, is a small nonprofit in the Arts, Culture & Humanities sector that reported $284K in total revenue in fiscal year 2021. The organization ran a surplus of $271K, a strong 95% operating margin.
THE PRIMARY MISSION OF FREEDOM QUILTING BEE LEGACY IS TO CREATE ECONOMIC OPPORTUNITY AND PERSONAL DIGNITY FOR BLACK WOMEN. THIS INCLUDES THE FOLLOWING MISSIONS: TO CELEBRATE AND TEACH ABOUT THE WORK AND ACCOMPLISHMENTS OF THOSE WOMEN (AND MEN) PAST, PRESENT, AND FUTURE, WHO MADE THE BEE SUCH A POWERFUL ARTISTIC AND COMMUNITY FORCE; TO OFFER REAL ECONOMIC OPPORTUNITIES FOR A NEW GENERATION OF QUILT MAKERS AND ARTISANS; TO PROVIDE SOLUTIONS TO COMMUNITY NEEDS, SUCH AS INTERNET ACCESS AND VOTER REGISTRATION FOR THOSE WHO OTHERWISE COULDN'T ACCESS IT; TO ADVANCE PLANS TO DRAW TOURISM TO THE AREA AND OFFER A DEEPER EXPERIENCE OF THE FQB LEGACY HISTORY AND CURRENT ACTIVITIES, WITH SHOPS, LODGING, CLASSES AND INTERACTIVE EXHIBITS; AND TO PRESERVE THE PAST AND EVOLVE INTO THE FUTURE BY CREATING JOBS, BUILDING WEALTH AND TEACHING LIFE SKILLS TO ENHANCE OUR COMMUNITY.
Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $443,029 | $299,456 | +0.5% |
| Expenses | $276,469 | $123,145 | +1.2% |
| Net Income | $166,560 | $176,311 | -0.1% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| LOUISE W WILLIAMS | PRESIDENT | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| SHELIA SMITH | TREASURER | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| PATTIE IRBY | SECRETARY | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| TAYLOR IRBY | VICE PRESIDENT | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| LORETTA BENNETT | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| MINNIE GRACE WILLIAMS | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| GLORIA CAREY | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| LONNIE BROWN JR | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| ELAINE WILLIAMS | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| KIM KELLY | EXECUTIVE DIRECTOR | 40.00 |
Officer
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | No data | No data | No data | No data |
| 2024 | $443,029 | $276,469 | $680,197 | $166,560 |
| 2023 | $299,456 | $123,145 | $445,077 | $176,311 |
| 2021 | $284,113 | $12,971 | $271,182 | $271,142 |
Compare FREEDOM QUILTING BEE LEGACY with other nonprofits in Alabama and across the country.