CHATTANOOGA TECHNOLOGY COUNCIL INC

EIN: 061661001 501(c)(3) Community Improvement

CHATTANOOGA, TN

Total Revenue
$240,447
Total Expenses
$250,434
Total Assets
$36,618
Net Assets
$30,808
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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
TN
Principal Officer
AUSTIN CORCORAN
Phone
4238268700
Tax Period
2023-01-01 to 2023-12-31

CHATTANOOGA TECHNOLOGY COUNCIL INC, founded in 2002, is a small nonprofit in the Community Improvement sector that reported $240K in total revenue in fiscal year 2023.

Mission

OUR MISSION IS TO CONNECT CHATTANOOGA'S TECHNOLOGY SECTOR TO HELP DRIVE ECONOMIC GROWTH ACROSS THE REGION.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $133,429
Program Service Revenue $98,708
Investment Income $0
Other Revenue $8,310
TOTAL REVENUE $240,447

Expense Breakdown

Grants Paid $0
Salaries & Benefits $169,311
Fundraising Expenses $9,929
Program Expenses $195,038
Other Expenses $81,123
TOTAL EXPENSES $250,434

Year-over-Year Comparison

2023 2022 Change
Revenue $240,447 $236,133 +0.0%
Expenses $250,434 $261,945 0.0%
Net Income $-9,987 $-25,812 -0.6%
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

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Governance

Voting Members
19
Independent Members
19
Employees
4
Volunteers
16

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
4
$0
Total Directors
17
$87,338
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BRAD ALSOBROOKS BOARD MEMBER 1.00
Director
$0 $0 $0
TAMMY BRAMLETT BOARD MEMBER 1.00
Director
$0 $0 $0
CHANTEE BOYKIN COMMITTEE CHAIR - CHATECH WOMEN 1.00
Director
$0 $0 $0
JAMES DEAN SECRETARY 1.00
Director
$0 $0 $0
DREW ELLIS BOARD MEMBER 1.00
Director
$0 $0 $0
VICKI FARNSWORTH VICE CHAIR 1.00
Officer Director
$0 $0 $0
WES FLOYD BOARD MEMBER 1.00
Director
$0 $0 $0
ASHLIEHG JENKINS-DIECKHAUS BOARD MEMBER 1.00
Director
$0 $0 $0
ALEX HERWEYER BOARD MEMBER 1.00
Director
$0 $0 $0
APRIL HOLLOWAY EVENTS COMMITTEE CO-CHAIR 1.00
Officer Director
$0 $0 $0
JONATHAN Z HUTCHERSON TREASURER 1.00
Officer Director
$0 $0 $0
ERIC KEETON BOARD MEMBER 1.00
Director
$0 $0 $0
DANIELA LACELLE BOARD CHAIR 1.00
Director
$0 $0 $0
TRE POWELL BOARD MEMBER 1.00
Director
$0 $0 $0
KAREN WALKER BOARD MEMBER 1.00
Director
$0 $0 $0
CHARLES WOOD BOARD MEMBER 1.00
Officer Director
$0 $0 $0
AUSTIN CORCORAN EXECUTIVE DIRECTOR 40.00
Director
$43,669 $43,669 $87,338
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 $240,447 $250,434 $36,618 $-9,987
2022 $236,133 $261,945 $55,171 $-25,812
2019 $247,247 $242,852 $151,156 $4,395
2018 $220,883 $213,137 $141,626 $7,746
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