TENNESSEE MINING ASSOCIATION (EIN 262919940) - 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

2008

Legal Domicile

Principal Officer

CHARLES E LAINE JR

Phone

8656717733

Tax Period

2024-01-01 to 2024-12-31

TENNESSEE MINING ASSOCIATION, founded in 2008, is a small nonprofit in the Community Improvement sector that reported $215K in total revenue in fiscal year 2024. Expenses of $237K exceeded revenue, resulting in a 10% operating deficit.

Mission

THE TENNESSEE MINING ASSOCIATION'S MISSION IS TO EDUCATE TENNESSEANS ABOUT THE IMPORTANT ROLE OUR MEMBER'S INDUSTRIES PLAY WITHIN THE STATE'S ECONOMY AND PROVIDE A UNIFIED VOICE FOR THESE INDUSTRIES IN NASHVILLE AND BEYOND.

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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 $214,750

Investment Income $0

Other Revenue $0

TOTAL REVENUE $214,750

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $189,374

Other Expenses $236,718

TOTAL EXPENSES $236,718

Year-over-Year Comparison

	2024	2023	Change
Revenue	$214,750	$202,401	+0.1%
Expenses	$236,718	$137,516	+0.7%
Net Income	$-21,968	$64,885	-1.3%

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

N/A

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHERYL WARD	BOARD MEMBER	1.00	Director	$0	$0	$0
CAROL MOORE	BOARD MEMBER	1.00	Director	$0	$0	$0
WES STOWERS	BOARD MEMBER	1.00	Director	$0	$0	$0
BILL HART	BOARD MEMBER	1.00	Director	$0	$0	$0
MIKE VENCILL	BOARD MEMBER	1.00	Director	$0	$0	$0
BRYAN HOILMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
TIM SLONE	VICE CHAIRMAN	1.00	Officer	$0	$0	$0
RON JUSTUS	TREASURER	1.00	Officer	$0	$0	$0
CHARLES E LAINE JR	PRESIDENT	40.00	Officer	$0	$0	$0
MIKE RECTOR	CHAIRMAN	1.00	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
2024	$214,750	$236,718	$51,359	$-21,968
2023	$202,401	$137,516	$73,327	$64,885
2022	$126,864	$114,000	$8,442	$12,864
2021	$124,386	$138,000	$5,038	$-13,614
2019	$162,712	$163,549	$2,229	$-837
2018	$185,642	$181,250	$5,592	$4,392

TENNESSEE MINING ASSOCIATION