AFRICATOWN REDEVELOPMENT CORPORATION (EIN 873015084) - 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

2021

Legal Domicile

Principal Officer

TERESA BETTIS

Phone

2515334344

Tax Period

2024-01-01 to 2024-12-31

AFRICATOWN REDEVELOPMENT CORPORATION, founded in 2021, is a small nonprofit in the Arts, Culture & Humanities sector that reported $953K in total revenue in fiscal year 2024. Revenue surged 65% from the prior year, signaling strong growth momentum. The organization ran a surplus of $251K, a strong 26% operating margin.

Mission

TO REVITALIZE HOUSING, PRESERVE HISTORY, AND ATTRACT/DEVELOP COMMERCE IN THE AREA KNOWN AS THE AFTRICATOWN HISTORIC DISTRICT IN MOBILE, ALABAMA.

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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 $652,949

Program Service Revenue $299,896

Investment Income $0

Other Revenue $0

TOTAL REVENUE $952,845

Expense Breakdown

Grants Paid $0

Salaries & Benefits $139,076

Fundraising Expenses $0

Program Expenses $702,010

Other Expenses $562,934

TOTAL EXPENSES $702,010

Year-over-Year Comparison

	2024	2023	Change
Revenue	$952,845	$576,947	+0.7%
Expenses	$702,010	$178,348	+2.9%
Net Income	$250,835	$398,599	-0.4%

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

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TERESA FOX BETTIS	PRESIDENT	1.00	Officer Director	$0	$0	$0
MARC JACKSON	VICE-PRESIDENT	1.00	Officer Director	$0	$0	$0
IRA BATES JR	TREASURER	1.00	Officer Director	$0	$0	$0
ANN Y BROWN ESQUIRE	SECRETARY	1.00	Officer Director	$0	$0	$0
ANGELA DAVIS LITTLES	DIRECTOR	1.00	Director	$0	$0	$0
JACK BOATMAN	DIRECTOR	1.00	Director	$0	$0	$0
JARROD WHITE ESQUIRE	DIRECTOR	1.00	Director	$0	$0	$0
RUTH TAYLOR BALLARD	DIRECTOR	1.00	Director	$0	$0	$0
SHIRLEY A SESSIONS	DIRECTOR	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	No data	No data	No data	No data
2024	$952,845	$702,010	$908,206	$250,835
2023	$576,947	$178,348	$656,758	$398,599
2022	$267,900	$24,909	$255,490	$242,991

AFRICATOWN REDEVELOPMENT CORPORATION