TENNESSEE ASSOCIATION OF INDEPENDENT SCHOOLS INC (EIN 311772278) - 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

2000

Legal Domicile

Principal Officer

SARAH WILSON

Phone

9015072473

Tax Period

2024-07-01 to 2025-06-30

TENNESSEE ASSOCIATION OF INDEPENDENT SCHOOLS INC, founded in 2000, is a small nonprofit in the Education sector that reported $682K in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year. Expenses of $643K left a modest 6% surplus.

Mission

TO BE THE ACTIVE VOICE AND CONNECTIVE RESOURCE FOR ITS MEMBER SCHOOLS.

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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 $71,900

Program Service Revenue $571,953

Investment Income $36,859

Other Revenue $1,584

TOTAL REVENUE $682,296

Expense Breakdown

Grants Paid $0

Salaries & Benefits $401,630

Fundraising Expenses $0

Program Expenses $509,325

Other Expenses $241,618

TOTAL EXPENSES $643,248

Year-over-Year Comparison

	2024	2023	Change
Revenue	$682,296	$725,963	-0.1%
Expenses	$643,248	$513,074	+0.3%
Net Income	$39,048	$212,889	-0.8%

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

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

$204,307

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SARAH WILSON	EXECUTIVE DI	40.00	Officer	$191,556	$12,751	$204,307
ADAM MOORE	PRESIDENT	2.00	Officer Director	$0	$0	$0
KRISTEN RING	TREASURER, P	2.00	Officer Director	$0	$0	$0
SEAN CORCORAN	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
MEGAN COVER	SECRETARY	2.00	Officer Director	$0	$0	$0
MEREDITH RUFFNER	BOARD MEMBER	1.00	Director	$0	$0	$0
CHRIS ANGEL	BOARD MEMBER	1.00	Director	$0	$0	$0
JESS HILL	BOARD MEMBER	1.00	Director	$0	$0	$0
JEFF MITCHELL	BOARD MEMBER	1.00	Director	$0	$0	$0
AMANI REED	BOARD MEMBER	1.00	Director	$0	$0	$0
BRAD SEWELL	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
2025	$682,296	$643,248	$838,204	$39,048
2024	No data	No data	No data	No data
2023	$644,754	$486,257	$577,473	$158,497
2022	$519,602	$360,152	$373,255	$159,450
2021	$255,915	$279,320	$284,860	$-23,405
2020	$288,534	$345,245	$253,803	$-56,711
2019	$446,504	$443,873	$307,559	$2,631
2018	$288,041	$334,684	$318,354	$-46,643

TENNESSEE ASSOCIATION OF INDEPENDENT SCHOOLS INC