TENNESSEE PERFORMING ARTS FOUNDATION (EIN 237272205) - 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

Formation Year

1973

Legal Domicile

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

MANAGES ENDOWMENT WHICH PROVIDES INCOME TO HELP DEFRAY OPERATING COSTS OF TN PERFORMING ARTS CENTER

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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 $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

Governance

Voting Members

Independent Members

Employees

N/A

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

$632,638

Total Directors

$433,278

Key Employees

Highest Compensated

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

TENNESSEE PERFORMING ARTS FOUNDATION