THE SLOSS FURNACES FOUNDATION 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

2002

Legal Domicile

Principal Officer

STEVE REIDER

Phone

2052512262

Tax Period

2024-01-01 to 2024-12-31

THE SLOSS FURNACES FOUNDATION INC, founded in 2002, is a small nonprofit in the Arts, Culture & Humanities sector that reported $949K in total revenue in fiscal year 2024. Revenue surged 29% from the prior year, signaling strong growth momentum. The organization ran a surplus of $261K, a strong 28% operating margin.

Mission

SLOSS FURNACES IS A 20TH CENTURY IRON FURNACE NOW INTERPRETED AS A MUSEUM OF THE INDUSTRIAL HISTORY OF BIRMINGHAM, ALABAMA. SLOSS FURNACES FOUNDATION WORKS TO FOSTER THE PRESERVATION AND DEVELOPMENT OF THE SLOSS FURNACES SITE THROUGH EDUCATIONAL, ARTS, AND RESEARCH INITIATIVES.

Program Service Accomplishments

Program 1

Expenses: $636,433 Revenue: $651,202

TO EDUCATE INDIVIDUALS THROUGH THE PRESERVATION AND DEVELOPMENT OF THE ONLY TWENTIETH CENTURY BLAST FURNACE OF ITS KIND.

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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 $298,248

Program Service Revenue $651,202

Investment Income $0

Other Revenue $0

TOTAL REVENUE $949,450

Expense Breakdown

Grants Paid $0

Salaries & Benefits $322,891

Fundraising Expenses $0

Program Expenses $636,433

Other Expenses $365,160

TOTAL EXPENSES $688,051

Year-over-Year Comparison

	2024	2023	Change
Revenue	$949,450	$738,497	+0.3%
Expenses	$688,051	$738,715	-0.1%
Net Income	$261,399	$-218	-1200.1%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GAIL ANDREWS	MEMBER	1.00	Director	$0	$0	$0
ROBIN WADE III	MEMBER	1.00	Director	$0	$0	$0
STEVEN REIDER	PRESIDENT AND TREASURER	5.00	Officer Director	$0	$0	$0
BRANDON WILSON	MEMBER	5.00	Director	$0	$0	$0
TAKERIA STEPHENS	VICE PRESIDENT	1.00	Officer 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
2024	$949,450	$688,051	$716,150	$261,399
2023	$738,497	$738,715	$457,271	$-218
2022	$984,696	$643,104	$458,689	$341,592
2021	$548,167	$461,769	$120,961	$86,398
2020	$322,939	$337,991	$85,590	$-15,052
2019	$589,913	$571,085	$47,777	$18,828
2018	$389,817	$412,644	$38,839	$-22,827