TENNESSEE PERFORMING ARTS FOUNDATION

EIN: 237272205 501(c)(3) Arts, Culture & Humanities

NASHVILLE, TN

Total Revenue
$1,941,577
Total Expenses
$876,242
Total Assets
$17,957,626
Net Assets
$17,945,626
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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
1973
Legal Domicile
TN
Principal Officer
JENNIFER TURNER
Phone
6157824000
Tax Period
2024-07-01 to 2025-06-30

TENNESSEE PERFORMING ARTS FOUNDATION, founded in 1973, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.9M in total revenue in fiscal year 2024. Revenue surged 298% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.1M, a strong 55% operating margin.

Mission

THIS ORGANIZATION MAY FUNDRAISE AND IS RESPONSIBLE FOR MANAGING THE TENNESSEE PERFORMING ARTS CENTER ENDOWMENT IN ORDER TO PROVIDE INCOME TO HELP DEFRAY OPERATING COSTS OF THE TENNESSEE PERFORMING ARTS CENTER.

Program Service Accomplishments

Program 1
Expenses: $799,023

PAYMENTS MADE TO THE TENNESSEE PERFORMING ARTS CENTER IN ORDER TO HELP DEFRAY OPERATING EXPENSES IN BRINGING THE PERFORMING ARTS TO TENNESSEE.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $1,941,289
Other Revenue $288
TOTAL REVENUE $1,941,577

Expense Breakdown

Grants Paid $799,023
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $799,023
Other Expenses $77,219
TOTAL EXPENSES $876,242

Year-over-Year Comparison

2024 2023 Change
Revenue $1,941,577 $488,400 +3.0%
Expenses $876,242 $867,152 +0.0%
Net Income $1,065,335 $-378,752 -3.8%
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

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Governance

Voting Members
8
Independent Members
7
Employees
N/A
Volunteers
7

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
$632,638
Total Directors
8
$433,278
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JENNIFER TURNER PRES/SEC/TPAC PRES & CEO 0.30
Officer Director
$0 $28,807 $433,278
J REGINALD HILL CHAIRMAN 0.30
Officer Director
$0 $0 $0
ROB HEBERT TREASURER 0.30
Officer Director
$0 $0 $0
STEVE MASON DIRECTOR 0.30
Director
$0 $0 $0
BRAD BOWLIN DIRECTOR 0.30
Director
$0 $0 $0
QUIN EVANS SEGALL DIRECTOR 0.30
Director
$0 $0 $0
ANSEL DAVIS DIRECTOR 0.30
Director
$0 $0 $0
JEFF HOPMAYER DIRECTOR 0.30
Director
$0 $0 $0
JULIE GILLEN TPAC'S CFO 1.00
Officer
$0 $17,953 $199,360
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 $1,941,577 $876,242 $17,957,626 $1,065,335
2024 $2,951,693 $867,152 $16,897,239 $2,084,541
2023 $465,811 $925,706 $15,796,708 $-459,895
2022 $687,136 $934,769 $15,417,761 $-247,633
2021 $462,793 $917,686 $18,285,500 $-454,893
2020 $294,988 $922,005 $15,934,128 $-627,017
2019 $715,804 $934,321 $16,601,562 $-218,517
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