THE ENTERPRISE CENTER 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

2003

Legal Domicile

Principal Officer

SAMMY D LOWDERMILK

Phone

4236613300

Tax Period

2024-07-01 to 2025-06-30

THE ENTERPRISE CENTER INC, founded in 2003, is a community nonprofit in the Community Improvement sector that reported $6.5M in total revenue in fiscal year 2024. Revenue surged 69% from the prior year, signaling strong growth momentum.

Mission

THE ENTERPRISE CENTER UNITES PEOPLE, ORGANIZATIONS, AND TECHNOLOGY, TO BUILD AN ADVANCED AND INCLUSIVE FUTURE FOR OUR COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $4,613,671

DIGITAL OPPORTUNITY: TECH GOES HOME CHATTANOOGA AND TENNESSEE ARE THE ENTERPRISE CENTER'S SIGNATURE DIGITAL OPPORTUNITY PROGRAMS. AIMED AT MAKING TECHNOLOGY ACCESSIBLE TO ALL, TECH GOES HOME OFFERS 15 HOURS OF IN-PERSON DIGITAL LITERACY TRAINING, A SUBSIDIZED LAPTOP OR TABLET, AND ASSISTANCE SIGNING UP FOR NO- OR LOW- COST HOME INTERNET THROUGH A TRAIN-THE-TRAINER MODEL. SINCE 2015, MORE THAN 19,000 PEOPLE OF ALL AGES HAVE GRADUATED FROM THE PROGRAM. TECH GOES HOME WORKS WITH PARTNER ORGANIZATIONS, INCLUDING SCHOOLS, CHURCHES, COMMUNITY CENTERS, AND OTHER NONPROFIT ORGANIZATIONS TO RESPONSIVELY SERVE AND CONNECT COMMUNITIES' MOST DISCONNECTED RESIDENTS, INCLUDING THE ELDERLY, STUDENTS AND THEIR PARENTS, INDIVIDUALS WITH DISABILITIES, JOB SEEKERS, SMALL BUSINESS OWNERS AND OTHERS.

Program 2

Expenses: $650,341

SMART AND CONNECTED COMMUNITIES: THE ENTERPRISE CENTER WORKS TO LEVERAGE CHATTANOOGA'S UNIQUE ASSETS AND INFRASTRUCTURE TO SUPPORT SAFE AND HEALTHY COMMUNITIES FOR RESIDENTS OF ALL AGES THROUGH...

SMART AND CONNECTED COMMUNITIES: THE ENTERPRISE CENTER WORKS TO LEVERAGE CHATTANOOGA'S UNIQUE ASSETS AND INFRASTRUCTURE TO SUPPORT SAFE AND HEALTHY COMMUNITIES FOR RESIDENTS OF ALL AGES THROUGH COLLABORATIONS WITH ANCHOR INSTITUTIONS, PLACEMAKING INITIATIVES AND RESEARCH AND DEPLOYMENT OF ADVANCED TECHNOLOGIES. THE ENTERPRISE CENTER CO-LEADS EFFORTS LIKE THE CHATTANOOGA SMART COMMUNITY COLLABORATIVE, INVESTS IN THE BUILT ENVIRONMENT AND AGING-FRIENDLY COMMUNITIES AND INCUBATES PROJECTS WITH POTENTIAL FOR ECONOMIC, PUBLIC HEALTH AND EDUCATIONAL BENEFITS TO THE CHATTANOOGA COMMUNITY AND BEYOND. THE ENTERPRISE CENTER FURTHER SUPPORTS SMART AND CONNECTED COMMUNITIES THROUGH PUBLIC WIFI EXPANSION AND HCS EDCONNECT POWERED BY EPB, A COUNTY-WIDE BROADBAND ACCESS INITIATIVE FOR HAMILTON COUNTY SCHOOLS FAMILIES WITH ECONOMIC NEED.

Program 3

Expenses: $516,531

WORKFORCE DEVELOPMENT & INNOVATION: THE ENTERPRISE CENTER SUPPORTS A RESILIENT, GROWING ECONOMY DRIVEN BY INNOVATION: THROUGH A VARIETY OF STRATEGIES. THE INNOVATION DISTRICT OF CHATTANOOGA...

WORKFORCE DEVELOPMENT & INNOVATION: THE ENTERPRISE CENTER SUPPORTS A RESILIENT, GROWING ECONOMY DRIVEN BY INNOVATION: THROUGH A VARIETY OF STRATEGIES. THE INNOVATION DISTRICT OF CHATTANOOGA, ESTABLISHED IN 2014, ENCOMPASSES ESTABLISHED BUSINESSES AND STARTUPS CLUSTERED WITH EDUCATIONAL AND CULTURAL INSTITUTIONS IN THE HEART OF DOWNTOWN CHATTANOOGA. THE ENTERPRISE CENTER PROVIDES A MULTI PURPOSE, FREE AND PUBLIC EVENT SPACES WITHIN THE DISTRICT, SUPPORTING A VIBRANT AND COLLABORATIVE ECOSYSTEM OF COMMUNITY LEADERS AND PARTNERS, AS WELL AS VISITS FROM OTHER CITIES ACROSS THE COUNTRY. THE ENTERPRISE CENTER'S VISION IS THAT THE SPACE WILL BRING TOGETHER COMMUNITY MEMBERS TO SHARE IDEAS AND CREATE PROJECTS, BUSINESSES, ART, AND INNOVATIVE SOLUTIONS OF ALL KINDS. THE ENTERPRISE CENTER ALSO SUPPORTS THE SMALL BUSINESS AND ENTREPRENEURIAL ECOSYSTEM THROUGH THE BUSINESS RESOURCE COLLABORATIVE, CHATTANOOGA ENTREPRENEUR WEEK AND TOOLS LIKE RESILIENCYCHECKLIST.COM. THE ENTERPRISE CENTER FURTHER INVESTS IN WORKFORCE DEVELOPMENT AND MOBILITY THROUGH EFFORTS LIKE TECH GOES HOME, THE ADVANCED TECHNOLOGY INITIATIVE AND THE LEARNING AGILITY ACCELERATOR.

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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 $6,517,184

Program Service Revenue $0

Investment Income $11,824

Other Revenue $0

TOTAL REVENUE $6,529,008

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,118,322

Fundraising Expenses $0

Program Expenses $6,135,539

Other Expenses $3,546,818

TOTAL EXPENSES $6,665,140

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,529,008	$3,865,247	+0.7%
Expenses	$6,665,140	$4,641,093	+0.4%
Net Income	$-136,132	$-775,846	-0.8%

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

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

$255,890

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ZAC BROWN	BOARD MEMBER	1.00	Director	$0	$0	$0
COURTNEY WATSON	TREASURER	4.00	Officer Director	$0	$0	$0
STACY JOHNSON	BOARD MEMBER	1.00	Director	$0	$0	$0
MINA SARTIPI	SECRETARY	4.00	Officer Director	$0	$0	$0
MICKEY CLOUD	BOARD MEMBER	1.00	Director	$0	$0	$0
RICK HITCHCOCK	BOARD MEMBER	1.00	Director	$0	$0	$0
PATRICIA REID	BOARD MEMBER	1.00	Director	$0	$0	$0
LORI QUILLEN	VICE CHAIR	4.00	Officer Director	$0	$0	$0
RONALD MOBLEY	BOARD MEMBER	1.00	Director	$0	$0	$0
ISABELLA ORTIZ	BOARD MEMBER	1.00	Director	$0	$0	$0
STACY RICHARDSON	BOARD MEMBER	1.00	Director	$0	$0	$0
DANIEL RYAN	CHAIR	4.00	Officer Director	$0	$0	$0
TASIA MALAKASIS	BOARD MEMBER	1.00	Director	$0	$0	$0
JAMAINE AKINS	BOARD MEMBER	1.00	Director	$0	$0	$0
LORI MANN	BOARD MEMBER	1.00	Director	$0	$0	$0
REBECCA ASHFORD	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID WADE	BOARD MEMBER	1.00	Director	$0	$0	$0
CHARLES WOOD	BOARD MEMBER	1.00	Director	$0	$0	$0
JUSTIN ROBERTSON	BOARD MEMBER	1.00	Director	$0	$0	$0
EMILY MACK	BOARD MEMBER	1.00	Director	$0	$0	$0
DEB SOCIA	PAST PRESIDENT/CHIEF EXECUTIVE OFFICER	40.00	Officer	$145,115	$28,389	$173,504
MONIQUE KUYKENDOLL QUARTERMAN	PAST PRESIDENT/CHIEF EXECUTIVE OFFICER	40.00	Officer	$75,083	$7,303	$82,386
SAMMY LOWDERMILK	INTERIM PRESIDENT/CHIEF EXECUTIVE OFFICER	40.00	Officer	$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
2025	$6,529,008	$6,665,140	$3,149,220	$-136,132
2024	$3,865,247	$4,641,093	$2,641,548	$-775,846
2023	$4,737,195	$4,905,052	$3,609,826	$-167,857
2022	$2,620,320	$2,952,773	$3,389,204	$-332,453
2021	$5,998,300	$3,766,395	$3,677,488	$2,231,905
2020	$1,963,094	$1,735,700	$1,561,353	$227,394
2019	$2,634,965	$2,140,373	$1,212,995	$494,592
2018	$1,622,328	$1,643,081	$695,828	$-20,753