CENTRAL ALABAMA REDEVELOPMENT ALLI… - Form 990 Financial Data

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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

2020

Legal Domicile

Principal Officer

Jeremy Duckworth

Phone

2052026002

Tax Period

2021-10-01 to 2022-09-30

CENTRAL ALABAMA REDEVELOPMENT ALLIANCE Central Alabama Redevelopment Alliance, founded in 2020, is a small nonprofit that reported $542K in total revenue in fiscal year 2021. Revenue surged 424% from the prior year, signaling strong growth momentum. The organization ran a surplus of $413K, a strong 76% operating margin.

Mission

To increase economic development capacity for urban and rural communities, existing micro and small businesses, and community stakeholders by providing professional educational programs that create sustainability.

Program Service Accomplishments

Program 1

Expenses: $93,277 Revenue: $542,016

Professional education programs for micro and small businesses

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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 (2021)

Revenue Breakdown

Contributions & Grants $541,266

Program Service Revenue $0

Investment Income $0

Other Revenue $750

TOTAL REVENUE $542,016

Expense Breakdown

Grants Paid $2,750

Salaries & Benefits $34,500

Fundraising Expenses $0

Program Expenses $93,277

Other Expenses $91,436

TOTAL EXPENSES $128,686

Year-over-Year Comparison

	2021	2020	Change
Revenue	$542,016	$103,500	+4.2%
Expenses	$128,686	$44,846	+1.9%
Net Income	$413,330	$58,654	+6.0%

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

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

$36,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jeremy Duckworth	Executive Director	45	Director	$34,500	$0	$34,500
Ronique Carter	Board member	10	Director	$1,500	$0	$1,500
Terri Williams	Board member	5	Director	$0	$0	$0
Desmond Wilson	Board member	10	Director	$0	$0	$0
Frank Woodson	Chairman	20	Officer	$0	$0	$0
Emory Mauldin	Secretary	10	Officer	$0	$0	$0
Chris White	Vice-Chairman, President, & CEO	10	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	$542,016	$128,686	$472,044	$413,330
2021	$103,500	$44,846	$58,713	$58,654

CENTRAL ALABAMA REDEVELOPMENT ALLIANCE Central Alabama Redevelopment Alliance