CHATTANOOGA DESIGN STUDIO

EIN: 473183435 501(c)(3) Community Improvement

CHATTANOOGA, TN

Total Revenue
$666,666
Total Expenses
$1,037,231
Total Assets
$354,568
Net Assets
$310,260
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2015
Legal Domicile
TN
Principal Officer
ERIC R MYERS
Phone
4236644837
Tax Period
2023-01-01 to 2023-12-31

CHATTANOOGA DESIGN STUDIO, founded in 2015, is a small nonprofit in the Community Improvement sector that reported $667K in total revenue in fiscal year 2023. Revenue surged 25% from the prior year, signaling strong growth momentum. Expenses of $1.0M exceeded revenue, resulting in a 56% operating deficit.

Mission

THE MISSION OF THE CHATTANOOGA DESIGN STUDIO IS TO ENHANCE CHATTANOOGA'S QUALITY OF LIFE BY EDUCATING THE COMMUNITY ABOUT, ADVOCATING FOR AND FACILITATING EXCELLENT URBAN DESIGN.

Program Service Accomplishments

Program 1
Expenses: $173,112

CITY R & D: THE STUDIO CONTINUES TO CONVENE AND TO FACILITATE THE DESIGN OF A QUALITY PUBLIC REALM AND MAINTAINING A CRITICAL EYE ON THE ROLE OF THE PUBLIC AND PRIVATE COMPONENTS OF THE BUILT...

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CITY R & D: THE STUDIO CONTINUES TO CONVENE AND TO FACILITATE THE DESIGN OF A QUALITY PUBLIC REALM AND MAINTAINING A CRITICAL EYE ON THE ROLE OF THE PUBLIC AND PRIVATE COMPONENTS OF THE BUILT ENVIRONMENT. PROJECTS LIKE PATTEN PARKWAY, FRIST STREET STEPS, WALNUT PLAZA, 26TH STREET ALL IMPROVE PUBLIC SPACES IN OUR CITY. THESE PROJECTS HAVE BEEN DRIVEN BY CITIZENS INPUT AND HAVE TAKEN ENORMOUS CONMMUNICATION AND COLLABORATION TO ACHIEVE.

Program 2
Expenses: $697,106

CITY INSTITUTE: THE DESIGN STUDIO ENGAGES STUDENTS AND ACADEMIA THROUGH SEVERAL EVENTS AND ACTIVITIES, INCLUDING SUMMER INTERNSHIPS, PROJECT-BASED LEARNING AND ACADEMIC EXCHANGES WITH REGIONAL...

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CITY INSTITUTE: THE DESIGN STUDIO ENGAGES STUDENTS AND ACADEMIA THROUGH SEVERAL EVENTS AND ACTIVITIES, INCLUDING SUMMER INTERNSHIPS, PROJECT-BASED LEARNING AND ACADEMIC EXCHANGES WITH REGIONAL UNIVERSITIES. THE DESIGN STUDIO ALSO HOLDS REGULAR EVENTS SUCH AS THE FRIDAY FILM SERIES AND URBAN DESIGN FORUMS TO EDUCATE THE PUBLIC AT LARGE, DEVELOPMENT COMMUNITY, AND OTHER ORGANIZATION AND AREA LEADERS CONCERNING THE VALUE OF URBAN PLANNING AND DESIGN.

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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 $666,833
Program Service Revenue $0
Investment Income $2,608
Other Revenue $-2,775
TOTAL REVENUE $666,666

Expense Breakdown

Grants Paid $0
Salaries & Benefits $379,540
Fundraising Expenses $22,256
Program Expenses $870,218
Other Expenses $657,691
TOTAL EXPENSES $1,037,231

Year-over-Year Comparison

2023 2022 Change
Revenue $666,666 $534,551 +0.2%
Expenses $1,037,231 $558,440 +0.9%
Net Income $-370,565 $-23,889 +14.5%
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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Governance

Voting Members
13
Independent Members
12
Employees
12
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
5
$119,509
Total Directors
13
$119,509
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ERIC MYERS PRESIDENT 50.00
Officer Director
$112,739 $6,770 $119,509
ANDREA HARDAWAY DIRECTOR 2.00
Director
$0 $0 $0
HEIDI HEFFERLIN VICE CHAIR 2.00
Officer Director
$0 $0 $0
JOHANNA HEYWOOD CHAIR 2.00
Officer Director
$0 $0 $0
CIHAN JOHNSON DIRECTOR 2.00
Director
$0 $0 $0
JEFF PFITZER DIRECTOR 2.00
Director
$0 $0 $0
LISA PINCKNEY DIRECTOR 2.00
Director
$0 $0 $0
MARK MCKNIGHT SECRETARY 2.00
Officer Director
$0 $0 $0
DR MINA SARTIPI DIRECTOR 2.00
Director
$0 $0 $0
ROB TAYLOR DIRECTOR 2.00
Director
$0 $0 $0
MACON TOLDEANO DIRECTOR 2.00
Director
$0 $0 $0
JIM WILLIAMSON DIRECTOR 2.00
Director
$0 $0 $0
RICK WOOD PAST CHAIR 2.00
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 $666,666 $1,037,231 $354,568 $-370,565
2022 $534,551 $558,440 $730,960 $-23,889
2021 $913,559 $904,981 $759,130 $8,578
2020 $915,517 $767,656 $764,478 $147,861
2019 $1,035,054 $665,732 $590,553 $369,322
2018 $561,671 $570,783 $359,734 $-9,112
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