UNIVERSITY OF CHATTANOOGA FOUNDATION INC

EIN: 620476521 501(c)(3) Education

CHATTANOOGA, TN

Total Revenue
$55,966,920
Total Expenses
$17,657,131
Total Assets
$286,926,920
Net Assets
$242,110,414
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1969
Legal Domicile
TN
Principal Officer
DOUG BROWN
Phone
4234254393
Tax Period
2023-07-01 to 2024-06-30

UNIVERSITY OF CHATTANOOGA FOUNDATION INC, founded in 1969, is a mid-sized nonprofit in the Education sector that reported $56.0M in total revenue in fiscal year 2023. Revenue surged 379% from the prior year, signaling strong growth momentum. The organization ran a surplus of $38.3M, a strong 68% operating margin.

Mission

SUPPORT OF HIGHER EDUCATION THROUGH SPECIAL PROJECTS OF THE UNIVERSITY OF TENNESSEE AT CHATTANOOGA

Program Service Accomplishments

Program 1
Expenses: $13,248,663

SUPPORT OF HIGHER EDUCATION THROUGH SPECIAL PROJECTS OF THE UNIVERSITY OF TENNESSEE AT CHATTANOOGA

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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 $38,333,852
Program Service Revenue $0
Investment Income $17,633,068
Other Revenue $0
TOTAL REVENUE $55,966,920

Expense Breakdown

Grants Paid $13,248,663
Salaries & Benefits $0
Fundraising Expenses $3,452,279
Program Expenses $13,248,663
Other Expenses $4,408,468
TOTAL EXPENSES $17,657,131

Year-over-Year Comparison

2023 2022 Change
Revenue $55,966,920 $11,679,125 +3.8%
Expenses $17,657,131 $13,788,886 +0.3%
Net Income $38,309,789 $-2,109,761 -19.2%
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
31
Independent Members
31
Employees
N/A
Volunteers
100

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
6
$0
Total Directors
31
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MIKE COSTELLO TRUSTEE 0.50
Director
$0 $0 $0
DOUGLAS BROWN IMMEDIATE PAST CHAIR 0.50
Officer Director
$0 $0 $0
STEVE L FROST TREASURER 0.50
Officer Director
$0 $0 $0
KELLY ALLING TRUSTEE 0.50
Director
$0 $0 $0
KEN JONES TRUSTEE 0.50
Director
$0 $0 $0
ASHLEE PATTEN CHAIR 0.50
Officer Director
$0 $0 $0
NANCY COLLUM TRUSTEE 0.50
Director
$0 $0 $0
BETSY BROWN TRUSTEE 0.50
Director
$0 $0 $0
GREG EAVES TRUSTEE 0.50
Director
$0 $0 $0
BRETT ROUSCH TRUSTEE 0.50
Director
$0 $0 $0
DAVID BELITZ TRUSTEE 0.50
Director
$0 $0 $0
ROGER SMITH TRUSTEE 0.50
Director
$0 $0 $0
FRANK WILLIAMSON TRUSTEE 0.50
Director
$0 $0 $0
CLINT WOLFORD TRUSTEE 0.50
Director
$0 $0 $0
BENJAMIN BROWN TRUSTEE 0.50
Director
$0 $0 $0
ALAN CATES TRUSTEE 0.50
Director
$0 $0 $0
SCOTT LEROY TRUSTEE 0.50
Director
$0 $0 $0
SUZANNE FORLIDAS TRUSTEE 0.50
Director
$0 $0 $0
ROY VAUGHN SECRETARY 0.50
Officer Director
$0 $0 $0
DAVID DEVANEY TRUSTEE 0.50
Director
$0 $0 $0
KEITH HELTON TRUSTEE 0.50
Director
$0 $0 $0
ASHLEY NICHOLS TRUSTEE 0.50
Director
$0 $0 $0
EDNA VARNER TRUSTEE 0.50
Director
$0 $0 $0
MARIE WEBB TRUSTEE 0.50
Director
$0 $0 $0
TODD WOMACK VICE CHAIR 0.50
Officer Director
$0 $0 $0
KATHY O'BRIEN TRUSTEE 0.50
Director
$0 $0 $0
DONNA WILLIAMS TRUSTEE 0.50
Director
$0 $0 $0
KERRY WITCHER TRUSTEE 0.50
Director
$0 $0 $0
ALBERT WOODARD TRUSTEE 0.50
Director
$0 $0 $0
MIKE KRAMER TRUSTEE 0.50
Director
$0 $0 $0
JAY DALE TRUSTEE 0.50
Director
$0 $0 $0
KIM WHITE EXECUTIVE DIRECTOR 40.00
Officer
$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 $55,966,920 $17,657,131 $286,926,920 $38,309,789
2023 $11,679,125 $13,788,886 $238,636,483 $-2,109,761
2022 $12,953,560 $10,161,566 $205,885,270 $2,791,994
2021 $19,224,815 $17,872,850 $223,646,141 $1,351,965
2020 $8,920,916 $17,401,278 $191,453,503 $-8,480,362
2019 $11,034,853 $9,495,002 $188,099,577 $1,539,851
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