TENNESSEE ASSOCIATION OF BUSINESS FOUNDATION (EIN 581750875) - 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

1988

Legal Domicile

Principal Officer

JOSH BROWN

Tax Period

2024-01-01 to 2024-12-31

TENNESSEE ASSOCIATION OF BUSINESS FOUNDATION, founded in 1988, is a community nonprofit in the Community Improvement sector that reported $1.3M in total revenue in fiscal year 2024. Revenue surged 21% from the prior year, signaling strong growth momentum.

Mission

THE PRIMARY EXEMPT PURPOSE OF THE FOUNDATION IS TO PROMOTE THE WELFARE OF BUSINESS AND TO FURTHER CHARITABLE, SCIENTIFIC, LITERARY, OR EDUCATIONAL PURPOSES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,286,497

Program Service Revenue $0

Investment Income $7,700

Other Revenue $17,775

TOTAL REVENUE $1,311,972

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $54,817

Program Expenses $1,188,168

Other Expenses $1,413,295

TOTAL EXPENSES $1,413,295

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,311,972	$1,082,584	+0.2%
Expenses	$1,413,295	$977,300	+0.4%
Net Income	$-101,323	$105,284	-2.0%

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

N/A

Volunteers

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TINA HODGES	DIRECTOR	1.00	Director	$0	$0	$0
CARL HARTLEY	DIRECTOR	1.00	Director	$0	$0	$0
HOLLY SULLIVAN	DIRECTOR	1.00	Director	$0	$0	$0
NATHAN GREEN	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL STAGG	DIRECTOR	1.00	Director	$0	$0	$0
KELLY MULLINS	DIRECTOR	1.00	Director	$0	$0	$0
MARIA SHEFFIELD	DIRECTOR	1.00	Director	$0	$0	$0
LINDSAY THEOBALD	DIRECTOR	1.00	Director	$0	$0	$0
BRYAN DOLESHEL	DIRECTOR	1.00	Director	$0	$0	$0
LADON BYARS	DIRECTOR	1.00	Director	$0	$0	$0
EVANN FREEMAN	DIRECTOR	1.00	Director	$0	$0	$0
KELLY MCCREIGHT	DIRECTOR	1.00	Director	$0	$0	$0
STACEY COTHRAN	DIRECTOR	1.00	Director	$0	$0	$0
ANDREW TAVI	CHAIR	2.00	Officer Director	$0	$0	$0
NATHAN MCKEE	TREASURER	2.00	Officer Director	$0	$0	$0
JOSH BROWN	PRESIDENT	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	$1,311,972	$1,413,295	$1,590,807	$-101,323
2023	$1,082,584	$977,300	$2,115,317	$105,284
2022	$1,772,829	$1,767,226	$1,316,745	$5,603
2021	$1,252,118	$1,256,672	$378,293	$-4,554
2020	$458,155	$459,021	$64,514	$-866
2019	$645,800	$646,846	$428,152	$-1,046
2018	$439,293	$442,004	$138,946	$-2,711

TENNESSEE ASSOCIATION OF BUSINESS FOUNDATION