TENNESSEE CHARTER SCHOOL CENTER

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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

ELIZABETH FIVEASH

Phone

6154017222

Tax Period

2023-01-01 to 2023-12-31

TENNESSEE CHARTER SCHOOL CENTER, founded in 2009, is a community nonprofit in the Education sector that reported $1.1M in total revenue in fiscal year 2023. Revenue fell 59% from the prior year — a significant decline worth monitoring. Expenses of $1.9M exceeded revenue, resulting in a 76% operating deficit.

Mission

TO SUPPORT AND CULTIVATE HIGH-PERFORMING PUBLIC CHARTER SCHOOLS AND ADVOCATE FOR AUTONOMY, ACCOUNTABILITY, AND CHOICE IN PUBLIC EDUCATION IN TENNESSEE.

Program Service Accomplishments

Program 1

Expenses: $233,161

THE TENNESSEE CHARTER SCHOOL CENTER (TCSC) IS PLAYING A CRITICAL ROLE IN PROVIDING TECHNICAL SUPPORT TO NEW AND HIGH-QUALITY PUBLIC CHARTER SCHOOLS IN TENNESSEE AND ADVOCATING FOR POLICIES AT THE...

THE TENNESSEE CHARTER SCHOOL CENTER (TCSC) IS PLAYING A CRITICAL ROLE IN PROVIDING TECHNICAL SUPPORT TO NEW AND HIGH-QUALITY PUBLIC CHARTER SCHOOLS IN TENNESSEE AND ADVOCATING FOR POLICIES AT THE LOCAL AND STATE LEVEL IN AN EFFORT TO ENABLE PUBLIC CHARTER SCHOOLS TO GROW AND OPERATE SUCCESSFULLY. TCSC PROVIDED TECHNICAL ASSISTANCE AND COMPLIANCE SUPPORT TO CHARTER SCHOOLS ACROSS THE STATE. TCSC MONITORED NUMEROUS BILLS DURING THE LEGISLATIVE SESSION AND ADVOCATED FOR KEY POLICIES THAT HELPED SUPPORT THE PUBLIC CHARTER SCHOOL LANDSCAPE IN TENNESSEE.

Program 2

Expenses: $1,531,652 Revenue: $254,096

SUPPORTING HIGH QUALITY SCHOOLS TCSC HOSTED MULTIPLE TRAININGS COVERING: ADVANCING EQUITY, CHARTER SCHOOL MANAGEMENT, CHARTER 101, SPECIAL EDUCATION, AND CHARTER FACILITY TRAINING. TCSC WAS ABLE TO ASSIST SCHOOLS WITH SOURCING CAPITAL FOR FACILITIES PROJECTS, WHICH DIRECTLY LOWERED THE COST OF BORROWING.

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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 $820,070

Program Service Revenue $254,096

Investment Income $962

Other Revenue $0

TOTAL REVENUE $1,075,128

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,259,283

Fundraising Expenses $0

Program Expenses $1,764,813

Other Expenses $636,682

TOTAL EXPENSES $1,895,965

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,075,128	$2,613,321	-0.6%
Expenses	$1,895,965	$1,950,651	0.0%
Net Income	$-820,837	$662,670	-2.2%

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

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

$177,892

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MAYA BUGG	PRESIDENT/CE	40.00		$226,338	$30,185	$256,523
ELIZABETH FIVEASH	CHIEF POLICY	40.00	Highest	$158,573	$26,533	$185,106
CAMERON QUICK	CHIEF OPERAT	40.00	Officer	$161,025	$16,867	$177,892
EMILY LILLEY	VP EXTERNAL	40.00	Highest	$107,762	$17,840	$125,602
CHRIS BARBIC	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
TOWNES DUNCAN	TREASURER	1.00	Officer Director	$0	$0	$0
HOLLY COLEMAN	SECRETARY	1.00	Officer Director	$0	$0	$0
DWAYNE TUCKER	BOARD MEMBER	1.00	Director	$0	$0	$0
JAYME SIMMONS	BOARD MEMBER	1.00	Director	$0	$0	$0
LAGRA NEWMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
LIN JOHNSON	BOARD MEMBER	1.00	Director	$0	$0	$0
NESHANTE BROWN	BOARD MEMBER	1.00	Director	$0	$0	$0
TIM WARE	BOARD MEMBER	1.00	Director	$0	$0	$0
TERENCE PATTERSON	BOARD MEMBER	1.00	Director	$0	$0	$0
YETTA LEWIS	BOARD MEMBER	1.00	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
2024	No data	No data	No data	No data
2023	$1,075,128	$1,895,965	$821,637	$-820,837
2022	$2,613,321	$1,950,651	$1,668,477	$662,670
2021	$1,523,764	$1,699,321	$995,050	$-175,557
2020	$992,129	$1,697,004	$1,209,516	$-704,875
2019	$2,024,913	$1,674,775	$1,800,109	$350,138
2018	$1,614,075	$1,525,493	$1,443,370	$88,582