The Alabama Coalition Against

“In 2025, the board of directors became aware that an officer of the organization disbursed funds to an unauthorized vendor from the organization's bank account during the current tax year. An internal investigation is impending to determine the full extent of the diversion. The former officer was terminated. Internal control policies are currently being revised over vendor approvals and financial reporting oversight from the board of directors has increased. The organization has engaged legal counsel and is exploring all potential remedies related to the loss.”

“The executive director (ed) provides a copy of the form 990 to the full board for review and a reasonable opportunity to comment and ask questions of the auditor through the ed and finance committee. When all questions/comments have been addressed and necessary changes have been made, the finance committee conducts a final review and lets the ed know that it approves the final draft and to notify the auditor that it is ready to be filed prior to the irs deadline.”

“All board members, officers and employees are required annually to complete a conflict of interest questionnaire and sign a statement complying with the conflict of interest policy.”

“The executive committee of the board shall be responsible for recommending the terms of compensation for the executive director at the time of hiring and after each annual review to the full board for its approval. The executive committee shall annually evaluate the executive director on his/her performance and ask for his/her input on matters of performance and compensaition for consideration in its recommendation to the board. No member of the executive committee considering compensation will be an acadv staff member, or have a familial or financial relationship to the executive director. The executive committee will consider the current and projected financial condition of acadv, its ongoing financial stability, and its anticipated budgetary and programmatic needs. Additionally, the executive committee will consider documented salary and benefit data for similar nonprofit organizations in comparable geographic locations. To approve the compensation for the executive director, the board must document its decision, including a detailing description of the salary and benefits, in the minutes of the meeting during which the compensation is approved. The minutes will also document the factors the board considered, the board members present during the discussion, and the results of the board vote.”

“AVAILABLE UPON REQUEST”

“Consulting: program service expenses 991,734. Management and general expenses 247,934. Fundraising expenses 0. Total expenses 1,239,668. It consulting: program service expenses 27,581. Management and general expenses 6,895. Fundraising expenses 0. Total expenses 34,476.”

“Audit adjustments for fy23 240,563.”

“There were no changes to the process during the year.”