FRIENDS OF SEQUOYAH

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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

2009

Legal Domicile

Principal Officer

CHARLIE RHODARMER

Phone

4238846246

Tax Period

2023-01-01 to 2023-12-31

FRIENDS OF SEQUOYAH, founded in 2009, is a small nonprofit in the Arts, Culture & Humanities sector that reported $315K in total revenue in fiscal year 2023. Expenses of $494K exceeded revenue, resulting in a 57% operating deficit.

Mission

TO PROMOTE THE UNDERSTANDING AND APPRECIATION OF THE HISTORY AND CULTURE OF THE CHEROKEE INDIANS IN EASTERN TENNESSEE, PARTICULARLY THE LIFE AND CONTRIBUTIONS OF SEQUOYAH. THE MUSEUM WILL COLLECT, PRESERVE, INTERPRET AND EXHIBIT OBJECTS AND DATA THAT SUPPORT THIS MISSION.

Program Service Accomplishments

Program 1

Expenses: $429,819 Revenue: $74,026

OPERATION OF MUSEUM PROMOTING CHEROKEE INDIAN OF EASTERN TENNESSEE HISTORY, WITH EMPHASIS ON SEQUOYAH. PROGRAMS USED TO ACCOMPLISH PROMOTION OF HISTORY AND CULTURE INCLUDE FESTIVAL, SEQUOYAH...

OPERATION OF MUSEUM PROMOTING CHEROKEE INDIAN OF EASTERN TENNESSEE HISTORY, WITH EMPHASIS ON SEQUOYAH. PROGRAMS USED TO ACCOMPLISH PROMOTION OF HISTORY AND CULTURE INCLUDE FESTIVAL, SEQUOYAH REMEMBRANCE DAY, LECTURE SERIES, CHEROKEE LANGUAGE CLASSES, GENEOLOGY WORKSHOPS, AND VARIOUS OTHER PROGRAMS.

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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 $211,180

Program Service Revenue $74,026

Investment Income $297

Other Revenue $29,534

TOTAL REVENUE $315,037

Expense Breakdown

Grants Paid $0

Salaries & Benefits $178,224

Fundraising Expenses $0

Program Expenses $429,819

Other Expenses $315,883

TOTAL EXPENSES $494,107

Year-over-Year Comparison

	2023	2022	Change
Revenue	$315,037	$295,022	+0.1%
Expenses	$494,107	$462,602	+0.1%
Net Income	$-179,070	$-167,580	+0.1%

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

175

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

$80,421

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHARLIE RHODARMER	DIRECTOR	40.00	Officer	$66,478	$13,943	$80,421
MIKE ATKINS	DIRECTOR	1.00	Director	$0	$0	$0
BLAINA BEST	DIRECTOR	1.00	Director	$0	$0	$0
CORY BLANKENSHIP	DIRECTOR	1.00	Officer Director	$0	$0	$0
LARRY BLYTHE	DIRECTOR	1.00	Director	$0	$0	$0
GENE BRANSON	CHAIRPERSON	1.00	Officer Director	$0	$0	$0
DR JEFF CHAPMAN	VICE CHAIRPE	1.00	Officer Director	$0	$0	$0
MYRA CLOER	DIRECTOR	1.00	Director	$0	$0	$0
BOB CROSS	DIRECTOR	1.00	Director	$0	$0	$0
TUNNEY CROWE	DIRECTOR	1.00	Director	$0	$0	$0
DR MARY CUSHMAN	SECRETARY	1.00	Officer Director	$0	$0	$0
ALLAN B ENSLEY	DIRECTOR	1.00	Director	$0	$0	$0
JAY GALLINGER	DIRECTOR	1.00	Director	$0	$0	$0
RON HAMMONTREE	DIRECTOR	1.00	Officer Director	$0	$0	$0
TRUDY HUGHES	DIRECTOR	1.00	Director	$0	$0	$0
ANITA LOSSIAH	DIRECTOR	1.00	Director	$0	$0	$0
JOHN MARTIN	DIRECTOR	1.00	Director	$0	$0	$0
GREG MCCLAIN	DIRECTOR	1.00	Director	$0	$0	$0
CECE OWENS	DIRECTOR	1.00	Director	$0	$0	$0
BRUCE REIN	DIRECTOR	1.00	Director	$0	$0	$0
PERRY SHELL	DIRECTOR	1.00	Director	$0	$0	$0
ADAM WACHACHA	DIRECTOR	1.00	Director	$0	$0	$0
BILL WALDROP	DIRECTOR	1.00	Director	$0	$0	$0
PAUL WILLSON	TREASURER	1.00	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	No data	No data	No data	No data
2023	$315,037	$494,107	$2,536,838	$-179,070
2022	$295,022	$462,602	$2,715,369	$-167,580
2021	$303,196	$456,607	$2,882,597	$-153,411
2020	$268,791	$435,810	$3,035,494	$-167,019
2019	$312,404	$459,585	$3,202,342	$-147,181
2018	$589,423	$333,476	$3,350,534	$255,947