510 FOUNDATION

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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

Principal Officer

ERIC JANS

Phone

6152501140

Tax Period

2025-01-01 to 2025-12-31

510 FOUNDATION, founded in 2012, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $964K in total revenue in fiscal year 2025. Revenue decreased 9% compared to the prior year.

Mission

THE CORPORATION IS ORGANIZED FOR RELIGIOUS, CHARITABLE AND EDUCATIONAL PURPOSES TO FUND PROGRAMS IN SUPPORT OF LOCAL MINISTRIES OF NASHVILLE FIRST CHURCH OF THE NAZARENE AND OTHER EXEMPT ORGANIZATIONS THAT BENEFIT COMMUNITIES IN MIDDLE TENNESSEE.

Program Service Accomplishments

Program 1

Expenses: $376,990

EAST NASHVILLE LIFE (A MINISTRY OF NASHVILLE FIRST CHURCH OF THE NAZARENE TO THE EAST NASHVILLE COMMUNITY) - 510 FOUNDATION GRANTED FUNDS TO PROVIDE OUTREACH SERVICES INCLUDING COUNSELING...

EAST NASHVILLE LIFE (A MINISTRY OF NASHVILLE FIRST CHURCH OF THE NAZARENE TO THE EAST NASHVILLE COMMUNITY) - 510 FOUNDATION GRANTED FUNDS TO PROVIDE OUTREACH SERVICES INCLUDING COUNSELING, RECREATION, FOOD AND HOUSEHOLD SUPPLIES TO NEEDY INDIVIDUALS AND FAMILIES, LANGUAGE, ART AND MUSIC LESSONS.

Program 2

Expenses: $213,957

HOUSE 2 HOME NASHVILLE (A DIVISION OF THE CORPORATION) PROVIDES BEDS, NEW BEDDING AND USED FURNITURE TO NEEDY INDIVIDUALS AND FAMILIES IN THE NASHVILLE COMMUNITY.

Program 3

Expenses: $118,515

NASHVILLE FIRST CHURCH OF THE NAZARENE - SUPPORT OF VARIOUS MINISTRIES OF NASHVILLE FIRST CHURCH OF THE NAZARENE.

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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 (2025)

Revenue Breakdown

Contributions & Grants $855,862

Program Service Revenue $0

Investment Income $107,742

Other Revenue $0

TOTAL REVENUE $963,604

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $46,051

Program Expenses $709,462

Other Expenses $1,026,159

TOTAL EXPENSES $1,026,159

Year-over-Year Comparison

	2025	2024	Change
Revenue	$963,604	$1,060,499	-0.1%
Expenses	$1,026,159	$1,258,517	-0.2%
Net Income	$-62,555	$-198,018	-0.7%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERIC JANS	SECRETARY	2.00	Officer Director	$0	$0	$0
DAVID DUNLAP	BOARD MEMBER	0.25	Officer Director	$0	$0	$0
CHUCK SEAMAN	BOARD MEMBER	0.25	Director	$0	$0	$0
DOUG XANDERS	PRESIDENT	2.00	Officer Director	$0	$0	$0
HARLEY ZAWISTOWSKI	BOARD MEMBER	0.25	Director	$0	$0	$0
DAVID LEE	BOARD MEMBER	0.25	Director	$0	$0	$0
GARY STREIT	BOARD MEMBER	0.25	Director	$0	$0	$0
TYLER MURRAY	BOARD MEMBER	0.25	Director	$0	$0	$0
VALERIE SICKELS	BOARD MEMBER	0.25	Director	$0	$0	$0
BETSY MILLER	BOARD MEMBER	0.25	Director	$0	$0	$0
AMY MITCHELL	BOARD MEMBER	0.25	Officer Director	$0	$0	$0
DAVID DIEHL	BOARD MEMBER	0.25	Director	$0	$0	$0
DAVID HAYNES	TREASURER	0.25	Officer Director	$0	$0	$0
GRANT MILLER	BOARD MEMBER	0.25	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	$963,604	$1,026,159	$1,385,252	$-62,555
2024	$1,060,499	$1,258,517	$1,434,450	$-198,018
2023	$1,151,250	$920,632	$1,468,524	$230,618
2022	$484,698	$678,374	$1,263,826	$-193,676
2021	$809,039	$524,822	$1,439,874	$284,217
2020	$269,071	$322,325	$1,243,067	$-53,254
2019	$579,161	$375,561	$1,187,196	$203,600
2018	$560,951	$517,582	$988,794	$43,369