ROANE STATE FOUNDATION

EIN: 581413034 501(c)(3) Education

HARRIMAN, TN

Total Revenue
$2,828,189
Total Expenses
$1,389,283
Total Assets
$22,768,665
Net Assets
$22,721,440
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1979
Legal Domicile
TN
Principal Officer
SCOTT NIERMANN
Phone
8658824507
Tax Period
2022-07-01 to 2023-06-30

ROANE STATE FOUNDATION, founded in 1979, is a community nonprofit in the Education sector that reported $2.8M in total revenue in fiscal year 2022. Revenue fell 43% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $1.4M, a strong 51% operating margin.

Mission

THE MISSION OF THE ROANE STATE FOUNDATION IS TO MAINTAIN AND ENHANCE THE QUALITY OF LIFE, INCLUDING ECONOMIC DEVELOPMENT, IN ROANE STATE'S SERVICE AREA BY DEVELOPING FRIENDS AND RAISING FUNDS FOR THE SUPPORT OF EDUCATIONAL, CULTURAL, AND SERVICE GOALS OF ROANE STATE COMMUNITY COLLEGE. THE FOUNDATION ASSISTS THE ENTIRE COLLEGE FAMILY IN PROMOTING EXCELLENCE FOR THIS INSTITUTION BY SECURING FINANCIAL SUPPORT FOR EDUCATIONAL, CULTURAL, AND ECONOMIC DEVELOPMENT ACTIVITIES.

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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 (2022)

Revenue Breakdown

Contributions & Grants $2,932,031
Program Service Revenue $0
Investment Income $-88,729
Other Revenue $-15,113
TOTAL REVENUE $2,828,189

Expense Breakdown

Grants Paid $540,998
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $1,226,383
Other Expenses $848,285
TOTAL EXPENSES $1,389,283

Year-over-Year Comparison

2022 2021 Change
Revenue $2,828,189 $4,932,388 -0.4%
Expenses $1,389,283 $1,434,971 0.0%
Net Income $1,438,906 $3,497,417 -0.6%
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

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Governance

Voting Members
27
Independent Members
27
Employees
N/A
Volunteers
27

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
8
$0
Total Directors
27
$91,730
Key Employees
1
$221,962
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DR CHRIS WHALEY RSCC PRESIDE 1.00
Key Emp
$0 $0 $221,962
SCOTT NIERMANN EXECUTIVE DI 40.00
Director
$0 $0 $83,255
WILLIAM FUQUA DIRECTOR N/A
Director
$0 $0 $8,475
DR JULIAN AHLER DIRECTOR N/A
Director
$0 $0 $0
PHIL ANDREWS DIRECTOR N/A
Director
$0 $0 $0
MIKE BAKER DIRECTOR N/A
Director
$0 $0 $0
MIKE BELBECK DIRECTOR N/A
Director
$0 $0 $0
DAVID BRADSHAW DIRECTOR N/A
Director
$0 $0 $0
CLAUDIA CABALLERO DIRECTOR N/A
Director
$0 $0 $0
SUZANNE JONES CLAY TREASURER 1.00
Officer Director
$0 $0 $0
TIFFANY ESKRIDGE DIRECTOR N/A
Director
$0 $0 $0
JOY GOLDBERG SECRETARY 0.50
Officer Director
$0 $0 $0
DR PHILLIP HALL DIRECTOR N/A
Director
$0 $0 $0
SEAN HENSLEY DIRECTOR N/A
Director
$0 $0 $0
BRYANT JOHNSON DIRECTOR N/A
Director
$0 $0 $0
TED WAMPLER JR DIRECTOR N/A
Director
$0 $0 $0
LEIGHA WITT JUSTICE PAST CHAIRMA 0.50
Officer Director
$0 $0 $0
DR JIM KERLEY DIRECTOR N/A
Director
$0 $0 $0
RHONDA LONGMIRE VICE CHAIRMA 0.50
Officer Director
$0 $0 $0
OSCAR PERRON DIRECTOR N/A
Director
$0 $0 $0
DANA PETERKA DIRECTOR N/A
Director
$0 $0 $0
PAUL PHILLIPS DIRECTOR N/A
Director
$0 $0 $0
DR SHIRLEY RAINES PARLIMENTARI 0.50
Officer Director
$0 $0 $0
MARY ANN REEVES DIRECTOR N/A
Director
$0 $0 $0
PATRICIA ROW DIRECTOR N/A
Director
$0 $0 $0
BARRY STEPHENSON CHAIRMAN 0.50
Officer Director
$0 $0 $0
MICHAEL SWAIN HISTORIAN 0.50
Officer Director
$0 $0 $0
JAMES WILSON INVESTMENT C 0.50
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
2025 No data No data No data No data
2024 No data No data No data No data
2023 $2,828,189 $1,389,283 $22,768,665 $1,438,906
2022 $4,932,388 $1,434,971 $19,542,294 $3,497,417
2021 $3,722,358 $1,118,741 $19,817,104 $2,603,617
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