Alabama Capital Network Inc

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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

Benzamin Choi

Phone

2052397152

Tax Period

2023-01-01 to 2023-12-31

Alabama Capital Network Inc, founded in 2021, is a small nonprofit in the Community Improvement sector that reported $430K in total revenue in fiscal year 2023. Revenue decreased 16% compared to the prior year. The organization ran a surplus of $85K, a strong 20% operating margin.

Mission

Alabama Capital Network, Inc. provides start-up companies and early stage entrepreneurs with access to education, capital and technical assistance to further aid the broader community by supporting local economic development and education.

Program Service Accomplishments

Program 1

Expenses: $291,038 Revenue: $430,100

Alabama Capital Network (ACN) works with business incubators, accelerators, and university tech transfer offices to coordinate resources related to coaching and supporting startup companies. This...

Alabama Capital Network (ACN) works with business incubators, accelerators, and university tech transfer offices to coordinate resources related to coaching and supporting startup companies. This includes coaching around business plan development, fundraising, finding early customers, tweaking sales & marketing strategies, and more. ACN focuses on helping these companies develop to a position of maturity where they can raise additional funding to support scalable growth

Program 2

ACN evaluates over 350 startup pitch presentations each year. These come from pitch competitions, university programs, incubator residents, conferences, university programs, and unsolicited pitches being submitted on the ACN website. Wherever possible, ACN provides feedback to each startup relating to how they can best grow their company and improve the likelihood of receiving funding. The best of these companies are then presented in regular Showcase events similar to the TV show Shark Tank, where investors in the audience may opt to invest in the companies presenting. ACN does not make investment recommendations, but instead focuses on making introductions and connections that support the entrepreneurs.

Program 3

ACN works with the best startups it identifies to make connections to corporations that may become customers, investors, or supply chain partners. This has already resulted in numerous contracts...

ACN works with the best startups it identifies to make connections to corporations that may become customers, investors, or supply chain partners. This has already resulted in numerous contracts being achieved by the startups, which furthers their growth as a company. This has been particularly impactful where ACN works with startups in rural areas and connects them to larger corporations in larger cities that might otherwise not be accessible.

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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 (2023)

Revenue Breakdown

Contributions & Grants $430,100

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $430,100

Expense Breakdown

Grants Paid $0

Salaries & Benefits $245,401

Fundraising Expenses $0

Program Expenses $291,038

Other Expenses $99,841

TOTAL EXPENSES $345,242

Year-over-Year Comparison

	2023	2022	Change
Revenue	$430,100	$511,357	-0.2%
Expenses	$345,242	$489,498	-0.3%
Net Income	$84,858	$21,859	+2.9%

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

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

$114,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Charlie Perry	Director	1.00	Director	$0	$0	$0
Hayley Van Antwerp	Director	1.00	Director	$0	$0	$0
Sanjay Singh	Chairman	1.00	Officer Director	$0	$0	$0
William Goodrich	Director	1.00	Director	$0	$0	$0
William Terry	Treasurer	1.00	Officer Director	$0	$0	$0
Ruffner Page	Director	1.00	Director	$0	$0	$0
Benzamin Choi	Executive Officer	40.00	Officer	$114,000	$0	$114,000

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	No data	No data	No data	No data
2023	$430,100	$345,242	$148,625	$84,858