FORWARD SUMNER ECONOMIC PARTNERSHIP (EIN 043686852) - Form 990 Financial Analysis & Trantor Score

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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

Principal Officer

CHRIS TAYLOR

Phone

6158227610

Tax Period

2024-01-01 to 2024-12-31

FORWARD SUMNER ECONOMIC PARTNERSHIP is a small nonprofit in the Community Improvement sector that reported $800K in total revenue in fiscal year 2024. Revenue surged 136% from the prior year, signaling strong growth momentum. The organization ran a surplus of $179K, a strong 22% operating margin.

Mission

THE ORGANIZATION'S PURPOSE IS TO UNITE BUSINESS, COMMUNITY AND GOVERNMENT TO PROMOTE AND FOSTER THE ECONOMIC DEVELOPMENT AND PROSPERITY OF SUMNER COUNTY FOR THE BENEFIT OF ALL CITIZENS.

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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 $798,680

Program Service Revenue $0

Investment Income $1,676

Other Revenue $0

TOTAL REVENUE $800,356

Expense Breakdown

Grants Paid $0

Salaries & Benefits $111,025

Fundraising Expenses $21,609

Program Expenses $552,683

Other Expenses $510,432

TOTAL EXPENSES $621,457

Year-over-Year Comparison

	2024	2023	Change
Revenue	$800,356	$339,059	+1.4%
Expenses	$621,457	$378,224	+0.6%
Net Income	$178,899	$-39,165	-5.6%

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
HILLARY BONHAM	BOARD DIRECT	N/A	Director	$0	$0	$0
PAIGE BROWN	BOARD DIRECT	N/A	Director	$0	$0	$0
JUSTIN COURY	BOARD DIRECT	N/A	Director	$0	$0	$0
KELLEY CRECELIUS	INCOMING CHA	N/A	Director	$0	$0	$0
SUSAN DYE	BOARD DIRECT	N/A	Director	$0	$0	$0
STAN FIELDS	BOARD DIRECT	N/A	Director	$0	$0	$0
AMANDA FOSTER	BOARD DIRECT	N/A	Director	$0	$0	$0
JOHNNY GARRETT	BOARD DIRECT	N/A	Director	$0	$0	$0
TONY GREGORY	BOARD DIRECT	N/A	Director	$0	$0	$0
ROD HARKELROAD	BOARD DIRECT	N/A	Director	$0	$0	$0
MATT HARRIS	BOARD DIRECT	N/A	Director	$0	$0	$0
JIM HARRISON	CHAIR	N/A	Director	$0	$0	$0
MACK HODGES	TREASURER	N/A	Officer Director	$0	$0	$0
MEREDITH HUNTER	SECRETARY	N/A	Officer Director	$0	$0	$0
SCOTT PERRY	BOARD DIRECT	N/A	Director	$0	$0	$0
KEVIN RELEFORD	IMMEDIATE PA	N/A	Director	$0	$0	$0
CORY RESPONDEK	BOARD DIRECT	N/A	Director	$0	$0	$0
JOE REWA	BOARD DIRECT	N/A	Director	$0	$0	$0
JEREMY RIGGS	BOARD DIRECT	N/A	Director	$0	$0	$0
RANDY SMITH	BOARD DIRECT	N/A	Director	$0	$0	$0
SARAH STRATTON	BOARD DIRECT	N/A	Director	$0	$0	$0
CHRIS TAYLOR	PRESIDENT/CE	N/A	Officer Director	$0	$0	$0
TARA TENORIO	BOARD DIRECT	N/A	Director	$0	$0	$0
JOHN TURNER	BOARD DIRECT	N/A	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	$800,356	$621,457	$367,104	$178,899
2023	$339,059	$378,224	$242,010	$-39,165
2022	$396,749	$374,909	$220,895	$21,840
2021	$316,107	$339,247	$218,625	$-23,140
2020	$321,294	$302,506	$201,868	$18,788
2019	$234,192	$278,475	$175,008	$-44,283
2018	$313,766	$261,931	$219,200	$51,835

FORWARD SUMNER ECONOMIC PARTNERSHIP