CHEROKEE FARM DEVELOPMENT CORP

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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

2011

Legal Domicile

Principal Officer

BRETT MALONE

Phone

8659748210

Tax Period

2023-07-01 to 2024-06-30

CHEROKEE FARM DEVELOPMENT CORP, founded in 2011, is a community nonprofit in the Education sector that reported $1.6M in total revenue in fiscal year 2023. Revenue surged 43% from the prior year, signaling strong growth momentum. The organization ran a surplus of $529K, a strong 32% operating margin.

Mission

SUPPORT AND ENHANCE THE UNIVERSITY OF TENNESSEE THROUGH DEVELOPMENT AND OPERATION OF THE UNIVERSITY OF TENNESSEE RESEARCH PARK AT CHEROKEE FARM INNOVATION CAMPUS.

Program Service Accomplishments

Program 1

Expenses: $1,116,111 Revenue: $191,500

SUPPORT AND ENHANCE THE UNIVERSITY OF TENNESSEE THROUGH DEVELOPMENT AND OPERATION OF THE UNIVERSITY OF TENNESSEE RESEARCH PARK AT CHEROKEE FARM INNOVATION CAMPUS.

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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 $1,448,189

Program Service Revenue $191,500

Investment Income $5,293

Other Revenue $0

TOTAL REVENUE $1,644,982

Expense Breakdown

Grants Paid $0

Salaries & Benefits $621,937

Fundraising Expenses $0

Program Expenses $1,116,111

Other Expenses $494,174

TOTAL EXPENSES $1,116,111

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,644,982	$1,152,870	+0.4%
Expenses	$1,116,111	$911,974	+0.2%
Net Income	$528,871	$240,896	+1.2%

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

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

$104,353

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TOM ROGERS	PRESIDENT AN	40.00		$134,035	$18,000	$152,035
RICKEY MCCALLUM	VICE PRESIDE	40.00	Officer	$92,316	$12,037	$104,353
HARRY BOSTON	BOARD MEMBER	1.00	Director	$0	$0	$0
BRANDON BRUCE	BOARD MEMBER	1.00	Director	$0	$0	$0
LORI CHAMBERLAIN	TREASURER	1.00	Officer Director	$0	$0	$0
DR DEBORAH CRAWFORD	BOARD MEMBER	1.00	Director	$0	$0	$0
VICTORIA HIRSCHBERG	BOARD MEMBER	1.00	Director	$0	$0	$0
JOE HOAGLAND	BOARD MEMBER	1.00	Director	$0	$0	$0
DR MAHALAXMI KRISHNAMURTHY	BOARD MEMBER	1.00	Director	$0	$0	$0
SHARON PRYSE	BOARD MEMBER	1.00	Director	$0	$0	$0
SAMANTHA JEFFERS	ASSISTANT TR	1.00	Officer	$0	$0	$0
BRETT MALONE	PRESIDENT AN	40.00	Officer	$0	$0	$0
WILLIAM E MASON	SECRETARY	1.00	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
2025	No data	No data	No data	No data
2024	$1,644,982	$1,116,111	$2,421,148	$528,871
2023	$1,152,870	$911,974	$1,889,442	$240,896
2022	$792,055	$665,991	$1,644,336	$126,064
2021	$670,853	$620,859	$1,548,395	$49,994
2020	$587,917	$529,336	$1,429,068	$58,581
2019	$258,416	$234,933	$1,371,690	$23,483
2018	$761,623	$594,882	$1,345,407	$166,741