CHATTANOOGA DESIGN STUDIO (EIN 473183435) - 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

2015

Legal Domicile

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.

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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 $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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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

$119,509

Total Directors

$119,509

Key Employees

Highest Compensated

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

CHATTANOOGA DESIGN STUDIO