Alabama Capital Network Inc

EIN: 874355000 501(c)(3) Community Improvement

Birmingham, AL

Total Revenue
$430,100
Total Expenses
$345,242
Total Assets
$148,625
Net Assets
$144,426
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
2021
Legal Domicile
AL
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

To assist start-up companies and early stage entrepreneurs within Alabama gain access to education, capital and technical assistance.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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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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Governance

Voting Members
6
Independent Members
6
Employees
6
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
3
$114,000
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
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
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