TENNESSEE ADVANCED ENERGY BUSINESS COUNCIL

EIN: 371703200 501(c)(3) Environment

KNOXVILLE, TN

Total Revenue
$311,331
Total Expenses
$349,459
Total Assets
$71,501
Net Assets
$71,501
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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
2012
Legal Domicile
TN
Principal Officer
CORTNEY PIPER
Phone
8653290553
Tax Period
2023-01-01 to 2023-12-31

TENNESSEE ADVANCED ENERGY BUSINESS COUNCIL, founded in 2012, is a small nonprofit in the Environment sector that reported $311K in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $349K exceeded revenue, resulting in a 12% operating deficit.

Mission

THE ORGANIZATION DEVELOPS PROGRAMS TO EDUCATE THE COMMUNITY WITH RESPECT TO THE BENEFITS OF DEVELOPING AND USING ADVANCED ENERGY. THE ORGANIZATION DEVELOPS EDUCATIONAL PROGRAMS INCLUDING CONFERENCES AND SEMINARS AS WELL AS CREATES AND DISTRIBUTES NEWSLETTERS TO ITS MEMBERS AND INTERESTED MEMBERS OF THE COMMUNITY TO FURTHER THE ORGANIZATIONS EDUCATIONAL GOALS. THE ORGANIZATION ALSO COMMISSIONS REPORTS ON TOPICS RELATED TO THE DEVELOPMENT OF AND USE OF ADVANCED ENERGY. THE ORGANIZATION ALSO ENGAGES IN OUTREACH ACTIVITIES INCLUDING MEDIA OUTREACH, ATTENDANCE AT COMMUNITY MEETINGS AND CONFERENCES THROUGH WHICH THE ORGANIZATION PROMOTES THE BENEFITS OF ADVANCED ENERGY.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $32,081
Program Service Revenue $279,250
Investment Income $0
Other Revenue $0
TOTAL REVENUE $311,331

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,000
Fundraising Expenses $0
Program Expenses $345,070
Other Expenses $347,459
TOTAL EXPENSES $349,459

Year-over-Year Comparison

2023 2022 Change
Revenue $311,331 $275,425 +0.1%
Expenses $349,459 $271,156 +0.3%
Net Income $-38,128 $4,269 -9.9%
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

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Governance

Voting Members
11
Independent Members
11
Employees
N/A
Volunteers
11

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
3
$2,000
Total Directors
9
$2,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CORTNEY PIPER EXECUTIVE DI 15.00
Officer Director
$2,000 $0 $2,000
CHRIS BOWLES BOARD MEMBER 2.00
Director
$0 $0 $0
ANGELA CHAN BOARD MEMBER 2.00
Director
$0 $0 $0
ROBERT HARDIN BOARD MEMBER 2.00
Director
$0 $0 $0
HEATH JONES BOARD MEMBER 2.00
Director
$0 $0 $0
MATT KISBER BOARD MEMBER 2.00
Director
$0 $0 $0
JIM MOSBY BOARD MEMBER 2.00
Director
$0 $0 $0
MONIQUE PARKER BOARD MEMBER 2.00
Director
$0 $0 $0
NICHOLAS RAMOS BOARD MEMBER 2.00
Director
$0 $0 $0
MARC GIBSON SECRETARY 2.00
Officer
$0 $0 $0
STEVE SEIFRIED PRESIDENT 2.00
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 No data No data No data No data
2023 $311,331 $349,459 $71,501 $-38,128
2022 $275,425 $271,156 $109,629 $4,269
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