MIDDLE TENNESSEE ELECTRIC SHARINGCHANGE INC (EIN 431958410) - 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

2002

Legal Domicile

Principal Officer

DORETHA WRIGHT

Phone

6154941582

Tax Period

2023-01-01 to 2023-12-31

MIDDLE TENNESSEE ELECTRIC SHARINGCHANGE INC, founded in 2002, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $815K in total revenue in fiscal year 2023. Revenue surged 41% from the prior year, signaling strong growth momentum. The organization ran a surplus of $200K, a strong 25% operating margin.

Mission

SHARINGCHANGE IS MIDDLE TENNESSEE ELECTRIC MEMBERSHIP CORPORATION'S CHARITABLE FOUNDATION WHOSE SOLE PURPOSE IS TO GIVE BACK TO THE COMMUNITIES IN THE SERVICE AREA OF MIDDLE TENNESSEE ELECTRIC MEMBERSHIP CORPORATION WHICH SERVICES APPROXIMATELY 320,000 FARMS, HOMES AND BUSINESSES IN MIDDLE TENNESSEE.

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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 $813,251

Program Service Revenue $0

Investment Income $1,555

Other Revenue $0

TOTAL REVENUE $814,806

Expense Breakdown

Grants Paid $596,249

Salaries & Benefits $3,000

Fundraising Expenses $0

Program Expenses $596,249

Other Expenses $15,739

TOTAL EXPENSES $614,988

Year-over-Year Comparison

	2023	2022	Change
Revenue	$814,806	$579,426	+0.4%
Expenses	$614,988	$548,459	+0.1%
Net Income	$199,818	$30,967	+5.5%

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

N/A

Volunteers

N/A

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

$1,400

Total Directors

$3,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DORETHA WRIGHT	CHAIRPERSON	1.00	Officer Director	$400	$0	$400
MIKE WALLER	VICE CHAIRPE	1.00	Officer Director	$300	$0	$300
JOAN WHERLEY	BOARD MEMBER	2.50	Officer Director	$300	$0	$300
CAROLYN PEEBLES	BOARD MEMBER	0.50	Officer Director	$400	$0	$400
WILLIAM C BROWN	BOARD MEMBER	2.00	Director	$300	$0	$300
DEREK BROWN	BOARD MEMBER	1.50	Director	$100	$0	$100
IRENE PITTS-MCDONALD	BOARD MEMBER	1.00	Director	$400	$0	$400
MIKE PARKS	BOARD MEMBER	3.00	Director	$400	$0	$400
BETH PETTY	BOARD MEMBER	0.50	Director	$400	$0	$400

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	$814,806	$614,988	$398,855	$199,818
2022	$579,426	$548,459	$198,489	$30,967
2021	$669,732	$709,628	$167,714	$-39,896
2020	$552,140	$500,858	$207,415	$51,282
2019	$507,299	$592,389	$148,940	$-85,090
2018	$475,048	$476,502	$233,951	$-1,454

MIDDLE TENNESSEE ELECTRIC SHARINGCHANGE INC