TENNSMART CONSORTIUM INC

EIN: 371870319 Community Improvement

OAK RIDGE, TN

Total Revenue
$560,176
Total Expenses
$617,640
Total Assets
$193,640
Net Assets
$193,640
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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
2017
Legal Domicile
TN
Principal Officer
JESSE SMITH
Phone
8654834577
Tax Period
2023-01-01 to 2023-12-31

TENNSMART CONSORTIUM INC, founded in 2017, is a small nonprofit in the Community Improvement sector that reported $560K in total revenue in fiscal year 2023. Expenses of $618K exceeded revenue, resulting in a 10% operating deficit.

Mission

THE TENNSMART CONSORTIUM BRINGS LEADERS FROM THE PUBLIC AND PRIVATE SECTORS TOGETHER TO ACCELERATE THE DEVELOPMENT AND DEPLOYMENT OF NEW INTELLIGENT MOBILITY INNOVATIONS IN TENNESSEE. IN AN INCREASINGLY CONNECTED WORLD, OPPORTUNITIES ABOUNT TO LEVERAGE NEW TECHNOLOGIES TO SAVE TIME, COST AND ENERGY IN THE EFFICIENT MOVEMENT OF PEOPLE AND FREIGHT. TENNSMART CONSORTIUM SERVES AS A COLLABORATIVE FORUM FOR KEY STAKEHOLDERS IN THE AUTOMOTIVE AND TRUCKING INDUSTRIES, MUNICIPALITIES, UNIVERSITIES AND RESEARCH INSTITUTIONS TO ADDRESS INTELLIGENT MOBILITY OPPORTUNITIES TOGETHER THAT NO ONE ORGANIZATION COULD ATTAIN ALONE.

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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 $223,500
Program Service Revenue $336,676
Investment Income $0
Other Revenue $0
TOTAL REVENUE $560,176

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $15,239
Program Expenses $537,318
Other Expenses $617,640
TOTAL EXPENSES $617,640

Year-over-Year Comparison

2023 2022 Change
Revenue $560,176 $555,583 +0.0%
Expenses $617,640 $404,938 +0.5%
Net Income $-57,464 $150,645 -1.4%
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
6

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
$0
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RICH DAVIES PRESIDENT 0.50
Officer Director
$0 $0 $0
RYAN STANTON TREASURER 0.50
Officer Director
$0 $0 $0
JANEY CAMP BOARD MEMBER 0.50
Director
$0 $0 $0
PRESTON ELLIOT BOARD MEMBER 0.50
Director
$0 $0 $0
PHIL WADE BOARD MEMBER 0.50
Director
$0 $0 $0
SUMAN KHARBANDA BOARD MEMBER 0.50
Director
$0 $0 $0
ELSA FOLEY BOARD MEMBER 0.50
Director
$0 $0 $0
ANDY LUCYSHYN BOARD MEMBER 0.50
Director
$0 $0 $0
SUSAN MARLOW BOARD MEMBER 0.50
Director
$0 $0 $0
VICTORIA HIRSCHBERG BOARD MEMBER 0.50
Director
$0 $0 $0
KEVIN HEASLIP BOARD MEMBER 0.50
Director
$0 $0 $0
TERRY SALTSMAN BOARD MEMBER 0.50
Director
$0 $0 $0
SARA PRUNESKI SECRETARY 0.50
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
2024 No data No data No data No data
2023 $560,176 $617,640 $193,640 $-57,464
2022 $555,583 $404,938 $251,104 $150,645
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