Entrepreneur Development Center - Southwest Tennessee

EIN: 455186181 501(c)(3) Community Improvement

Jackson, TN

Total Revenue
$916,080
Total Expenses
$1,074,793
Total Assets
$1,046,940
Net Assets
$1,040,523
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2012
Legal Domicile
TN
Principal Officer
Lisa Garner
Phone
7315545555
Tax Period
2024-07-01 to 2025-06-30

Entrepreneur Development Center - Southwest Tennessee, founded in 2012, is a small nonprofit in the Community Improvement sector that reported $916K in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $1.1M exceeded revenue, resulting in a 17% operating deficit.

Mission

The Entrepreneur Development Center assists aspiring small business owners by providing education, mentoring, training and knowledge to assist them in their quest to become entrepreneurs. Entrepreneurship can do more than just create jobs; it can create new ways to address the challenges that reside in our community. Our mission is to connect entrepreneurs with the critical resources they need to create, build and grow their businesses. These critical resources are experienced mentors, capital, training, knowledge and a supportive community. Related programs to this mission include a coding academy for high school students; funding fo rmedical device research activities for local physicians; and a local life style magazine focused toward community opportunities and business.

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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 (2024)

Revenue Breakdown

Contributions & Grants $673,327
Program Service Revenue $233,198
Investment Income $9,555
Other Revenue $0
TOTAL REVENUE $916,080

Expense Breakdown

Grants Paid $157,501
Salaries & Benefits $428,519
Fundraising Expenses $0
Program Expenses $991,319
Other Expenses $488,773
TOTAL EXPENSES $1,074,793

Year-over-Year Comparison

2024 2023 Change
Revenue $916,080 $799,360 +0.1%
Expenses $1,074,793 $652,870 +0.6%
Net Income $-158,713 $146,490 -2.1%
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

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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
10
Independent Members
7
Employees
8
Volunteers
40

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
5
$120,070
Total Directors
10
$127,315
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Lisa Garner CEO 40.00
Officer Director
$95,000 $0 $95,000
Ben Harris COO 40.00
Officer Director
$25,070 $0 $25,070
Ben Ferguson Chairman 1.00
Officer Director
$0 $0 $0
William Donnell CTO 1.00
Officer Director
$0 $0 $0
Lisa Piercey Director 1.00
Director
$0 $0 $0
Stephen Eldridge Treasurer/Secretary 2.00
Officer Director
$0 $0 $0
Kevin Adelsberger Director 1.00
Director
$0 $0 $0
Austin Thompson Director 1.00
Director
$7,245 $0 $7,245
Raina Shults Director 1.00
Director
$0 $0 $0
Mandy White Director 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 $916,080 $1,074,793 $1,046,940 $-158,713
2024 $799,360 $652,870 $1,147,326 $146,490
2023 $640,119 $605,051 $945,144 $35,068
2022 $610,826 $748,707 $909,692 $-137,881
2021 $715,894 $873,546 $1,323,750 $-157,652
2020 $928,251 $1,203,906 $1,512,143 $-275,655
2019 $1,596,108 $1,466,111 $1,661,446 $129,997
2018 $1,504,026 $1,218,018 $1,495,053 $286,008
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