TENNESSEE ASSOCIATION OF CRAFT ARTISTS (EIN 237309306) - 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

1972

Legal Domicile

Principal Officer

JOEL LOGIUDICE

Tax Period

2023-07-01 to 2024-06-30

TENNESSEE ASSOCIATION OF CRAFT ARTISTS, founded in 1972, is a small nonprofit in the Arts, Culture & Humanities sector that reported $571K in total revenue in fiscal year 2023. Revenue decreased 6% compared to the prior year.

Mission

THE PURPOSE OF THE TENNESSEE ASSOCIATION OF CRAFT ARTISTS IS TO ENCOURAGE, PROMOTE, AND CONNECT CRAFTS AND CRAFTS PEOPLE IN TENNESSEE, WORKING SPECIFICALLY THROUGH EDUCATION, NETWORKING, AND MARKETING.

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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 (2023)

Revenue Breakdown

Contributions & Grants $249,451

Program Service Revenue $315,069

Investment Income $2,757

Other Revenue $3,972

TOTAL REVENUE $571,249

Expense Breakdown

Grants Paid $0

Salaries & Benefits $220,773

Fundraising Expenses $4,706

Program Expenses $377,579

Other Expenses $365,103

TOTAL EXPENSES $585,876

Year-over-Year Comparison

	2023	2022	Change
Revenue	$571,249	$605,941	-0.1%
Expenses	$585,876	$565,033	+0.0%
Net Income	$-14,627	$40,908	-1.4%

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

100

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

$71,400

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KIMBERLY WAAG	EXECUTIVE DIRECTOR	40.00	Key Emp	$71,400	$0	$71,400
ERIN ANFINSON	BOARD MEMBER	1.00	Director	$0	$0	$0
JULIE BOISSEAU-CRAIG	BOARD MEMBER	1.00	Director	$0	$0	$0
DONNA WOODLEY	BOARD MEMBER	1.00	Director	$0	$0	$0
CARLTON WILKINSON	BOARD MEMBER	1.00	Director	$0	$0	$0
JESSICA WILSON	BOARD MEMBER	1.00	Director	$0	$0	$0
SHERRIE WILSON	EAST REP	1.00	Director	$0	$0	$0
DONNA GLASSFORD	BOARD MEMBER	1.00	Director	$0	$0	$0
PAT MOODY	BOARD MEMBER	1.00	Director	$0	$0	$0
JONATHAN HARWELL-DYE	BOARD MEMBER	1.00	Director	$0	$0	$0
DENISE MILLER	SOUTH CHAPTER REP	1.00	Director	$0	$0	$0
COURTNEY STONE	MIDSTATE REP	1.00	Director	$0	$0	$0
PATRICIA SCHWARZ	SOUTHWEST REP	1.00	Director	$0	$0	$0
SHAUN GILES	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID TAYLOR	BOARD MEMBER	1.00	Director	$0	$0	$0
ALLISON LETSON	BOARD MEMBER	1.00	Director	$0	$0	$0
NANCY FISCHMAN	NORTHEAST REP	1.00	Director	$0	$0	$0
RENEAU DUBBERLEY	TREASURER	2.00	Officer Director	$0	$0	$0
AUDRY DEAL-MCEVER	CO-VICE-PRESIDENT	2.00	Officer Director	$0	$0	$0
KELLY HIDER	CO-VICE-PRESIDENT	2.00	Officer Director	$0	$0	$0
JOEL LOGIUDICE	PRESIDENT	2.00	Officer Director	$0	$0	$0
PAIGE WARD MOORE	SECRETARY	2.00	Officer 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
2025	No data	No data	No data	No data
2024	$571,249	$585,876	$400,914	$-14,627
2023	$605,941	$565,033	$412,900	$40,908
2022	$541,485	$454,456	$311,236	$87,029
2021	$390,303	$384,224	$252,133	$6,079
2020	$374,711	$431,041	$266,034	$-56,330
2019	$520,556	$503,730	$267,751	$16,826

TENNESSEE ASSOCIATION OF CRAFT ARTISTS