Alabama Business Coalition

Nonprofit profile at a glance

EIN
932156622
IRS 990-EZ coverage
2023–2024
Forms available
Form 990-EZ 2024
Location
Birmingham, AL, USA
Phone
2058987372
Rating
77
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Chambers of Commerce & Business Leagues

Reported finances

Revenue
$95,000
Expenses
$52,241
Assets
$87,475
Liabilities
$850

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

5 people listed

Executive titles in this filing

  • Mary Pat Lawrence (President)

People named in this filing

  • Tyler Lowe (Director)
  • Freddy Padilla (Director)
  • Larry Ryder (Director)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The Corporation is organized for the purpose of promoting such common interests of its Members as may qualify it as a business league that is exempt from federal inome tax under Section 501(c)(6) of the Code and specifically: To support economic development of Alabama and its businesses; to provide a discussion platform for the free exchange of views, ideas, and information regarding business issues in the state of Alabama and the Corporation's Members and issues of common concern; and to do all other things necessary and incidental related to the general work and common business interests of the Corporation and its Members.

What it reported doing in 2024

To support economic development of Alabama and its businesses; to provide a discussion platform for the free exhange of views, ideas, and information regarding business issues in the state of Alabama and the Corportion's Members and issues of common concern; and to do all other things necessary and incidental related to the general work and common business interests of the Corporation and its Members.

Operating model

Revenue model
Membership-supported. 100% of the money available for current operations came from membership dues.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - A large share of total spending goes to programs and the filed numbers largely add up. A relatively small share of available resources goes toward mission work and liabilities are high compared with assets.

Rating breakdown

  • Financial Efficiency: 71
  • Transparency & Controls: 82
  • Sustainability: 70
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 54.5%; rating input score 54
  • Program expense ratio: 99%; rating input score 99

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: 45%; rating input score 89; 89th percentile among comparable filings
  • Total-asset coverage ratio: 1.67; rating input score 60; 60th percentile among comparable filings
  • Liabilities to assets ratio: 0.01; rating input score 29; 29th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: 78.3% per year; rating input score 100; 96th percentile among comparable filings
  • Revenue growth: 35.3% per year; rating input score 100; 95th percentile among comparable filings
  • Asset growth: 46.5% per year; rating input score 100; 95th percentile among comparable filings

Details

  • Where the money goes: 54.5% of revenue deployed · 99% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $52K in reported program spending
  • Leadership: top reported pay $0 · 5 people listed
  • Consistency: 8 of 8 current checks pass
  • Schedules: 1 filed schedules
  • Filing history: 2 filing years from 2023 to 2024
  • Contacts: How to reach this organization
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Review — Financial Efficiency: Mission deployment rate scored 54/100.
  • High — Sustainability: Liabilities to assets ratio scored 29/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.