THE PARAMOUNT FOUNDATION INC

EIN: 581837080 501(c)(3)

BRISTOL, TN

Total Revenue
$1,817,274
Total Expenses
$1,824,315
Total Assets
$2,431,099
Net Assets
$1,681,397
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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
1989
Legal Domicile
TN
Principal Officer
TRACIE JONES
Phone
4232748920
Tax Period
2023-07-01 to 2024-06-30

THE PARAMOUNT FOUNDATION INC, founded in 1989, is a community nonprofit that reported $1.8M in total revenue in fiscal year 2023. Revenue decreased 17% compared to the prior year.

Mission

PRESERVATION AND RESTORATION OF THE PARAMOUNT THEATER, WHICH IS ON THE NATIONAL REGISTER OF HISTORIC PLACES.

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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 $500,712
Program Service Revenue $1,253,374
Investment Income $21,384
Other Revenue $41,804
TOTAL REVENUE $1,817,274

Expense Breakdown

Grants Paid $0
Salaries & Benefits $393,150
Fundraising Expenses $13,724
Program Expenses $1,614,630
Other Expenses $1,431,165
TOTAL EXPENSES $1,824,315

Year-over-Year Comparison

2023 2022 Change
Revenue $1,817,274 $2,184,470 -0.2%
Expenses $1,824,315 $2,096,636 -0.1%
Net Income $-7,041 $87,834 -1.1%
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
16
Independent Members
16
Employees
10
Volunteers
25

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
3
$0
Total Directors
20
$66,391
Key Employees
1
$66,391
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JENNIFER HAYES EXECUTIVE DIRECTOR 40.00
Director Key Emp
$66,391 $0 $66,391
MARY BETH RAINERO DIRECTOR 5.00
Director
$0 $0 $0
MATTHEW RIGGINS DIRECTOR 5.00
Director
$0 $0 $0
ETTA NICEWONDER DIRECTOR EMERITUS 5.00
Director
$0 $0 $0
JON LUTTRELL DIRECTOR 5.00
Director
$0 $0 $0
ELISE TAYLOR SECRETARY 5.00
Officer Director
$0 $0 $0
LOGAN MCCABE DIRECTOR 5.00
Director
$0 $0 $0
PAUL CONCO DIRECTOR 5.00
Director
$0 $0 $0
ROB SIMIS EMERITUS 5.00
Director
$0 $0 $0
ED BALABAN PAST PRESIDENT 5.00
Director
$0 $0 $0
TRACIE JONES TREASURER 5.00
Officer Director
$0 $0 $0
JEFF JONES DIRECTOR 5.00
Director
$0 $0 $0
SHIRLEY CARRIER DIRECTOR 5.00
Director
$0 $0 $0
DAVID GRACE PRESIDENT 5.00
Officer Director
$0 $0 $0
BARBARA SMITH DIRECTOR 5.00
Director
$0 $0 $0
MATT BOLAS DIRECTOR 5.00
Director
$0 $0 $0
KELLY GRAHAM DIRECTOR 5.00
Director
$0 $0 $0
SAM HALL DIRECTOR 5.00
Director
$0 $0 $0
BLAKE RAY DIRECTOR 5.00
Director
$0 $0 $0
TY WARREN DIRECTOR 5.00
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
2025 No data No data No data No data
2024 $1,817,274 $1,824,315 $2,431,099 $-7,041
2023 $2,184,470 $2,096,636 $2,500,662 $87,834
2022 $3,301,489 $2,303,423 $2,156,757 $998,066
2021 $406,831 $586,383 $1,621,341 $-179,552
2020 $1,832,258 $1,779,162 $1,618,180 $53,096
2019 $1,519,468 $1,564,179 $1,165,466 $-44,711
2018 $987,044 $1,021,861 $1,126,038 $-34,817
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