MISS JENNY RUTH CORN ENDOWMENT SCHOLARSHIP FUND

EIN: 581571601 501(c)(3)

FRANKLIN, TN

Total Revenue
$152,481
Total Expenses
$7,343
Total Assets
$1,649,057
Net Assets
$1,649,057
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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
1985
Legal Domicile
TN
Principal Officer
ANDREW PHELPS
Phone
6155672002
Tax Period
2024-01-01 to 2024-12-31

MISS JENNY RUTH CORN ENDOWMENT SCHOLARSHIP FUND, founded in 1985, is a small nonprofit that reported $152K in total revenue in fiscal year 2024. Revenue surged 128% from the prior year, signaling strong growth momentum. The organization ran a surplus of $145K, a strong 95% operating margin.

Mission

TO PROVIDE FUNDS FOR SCHOLARSHIPS FOR STUDENTS TO ATTEND BATTLE GROUND ACADEMY

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $152,481
Other Revenue $0
TOTAL REVENUE $152,481

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $7,343
TOTAL EXPENSES $7,343

Year-over-Year Comparison

2024 2023 Change
Revenue $152,481 $66,929 +1.3%
Expenses $7,343 $7,008 +0.0%
Net Income $145,138 $59,921 +1.4%
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
21
Independent Members
21
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
4
$0
Total Directors
21
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
COLLEEN HOKE CHAIRMAN 1.00
Officer Director
$0 $0 $0
HAMILTON BOWMAN VICE CHAIR 1.00
Officer Director
$0 $0 $0
MIKE HAMMONTREE TREASURER 1.00
Officer Director
$0 $0 $0
STEWART WARREN SECRETARY 1.00
Officer Director
$0 $0 $0
ADAM BALLASH BOARD MEMBER 1.00
Director
$0 $0 $0
ALLEN SILLS BOARD MEMBER 1.00
Director
$0 $0 $0
CAMILLE SMALL BOARD MEMBER 1.00
Director
$0 $0 $0
CEDRIC COCO BOARD MEMBER 1.00
Director
$0 $0 $0
CHAS MORTON BOARD MEMBER 1.00
Director
$0 $0 $0
DAVID LOCKE BOARD MEMBER 1.00
Director
$0 $0 $0
ELIZABETH GOODWIN BOARD MEMBER 1.00
Director
$0 $0 $0
ERIC SCHULTENOVER BOARD MEMBER 1.00
Director
$0 $0 $0
GREG HERMAN BOARD MEMBER 1.00
Director
$0 $0 $0
JAMES W JEWELL JR BOARD MEMBER 1.00
Director
$0 $0 $0
JOHN JEWELL BOARD MEMBER 1.00
Director
$0 $0 $0
KUNU KAUSHAL BOARD MEMBER 1.00
Director
$0 $0 $0
LUCIBETH MAYBERRY BOARD MEMBER 1.00
Director
$0 $0 $0
LYN KNOPF BOARD MEMBER 1.00
Director
$0 $0 $0
PRESTON BROWN MD BOARD MEMBER 1.00
Director
$0 $0 $0
SONDRA MORRIS BOARD MEMBER 1.00
Director
$0 $0 $0
STERLING SMITH BOARD MEMBER 1.00
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 $152,481 $7,343 $1,649,057 $145,138
2023 $66,929 $7,008 $1,551,385 $59,921
2022 $6,596 $7,531 $1,481,183 $-935
2021 $332,894 $8,383 $1,895,556 $324,511
2020 $58,780 $20,796 $1,792,643 $37,984
2019 $29,647 $21,443 $1,598,470 $8,204
2018 $26,594 $7,306 $1,366,195 $19,288
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