NASHVILLE SCHOOL OF LAW (EIN 620550981) - 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

1911

Legal Domicile

Principal Officer

ELIZABETH A MCDONALD

Phone

6152563684

Tax Period

2024-07-01 to 2025-06-30

NASHVILLE SCHOOL OF LAW, founded in 1911, is a community nonprofit that reported $4.5M in total revenue in fiscal year 2024. Expenses of $5.2M exceeded revenue, resulting in a 16% operating deficit.

Mission

TO PROVIDE QUALITY, AFFORDABLE LEGAL EDUCATION WITH NEED BASED SCHOLARSHIPS.

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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 $402,514

Program Service Revenue $3,763,633

Investment Income $299,334

Other Revenue $44,745

TOTAL REVENUE $4,510,226

Expense Breakdown

Grants Paid $77,725

Salaries & Benefits $3,171,561

Fundraising Expenses $0

Program Expenses $3,771,009

Other Expenses $1,972,244

TOTAL EXPENSES $5,221,530

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,510,226	$4,328,470	+0.0%
Expenses	$5,221,530	$3,743,982	+0.4%
Net Income	$-711,304	$584,488	-2.2%

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

Governance

Voting Members

Independent Members

Employees

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

$375,466

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AUBREY B HARWELL JR ESQUIRE	CHAIRMAN	1.00	Officer Director	$0	$0	$0
GARY GARFIELD	BOARD MEMBER	1.00	Director	$0	$0	$0
HON FRANK CLEMENT	BOARD MEMBER	1.00	Director	$0	$0	$0
HON WAVERLY D CRENSHAW JR	BOARD MEMBER	1.00	Director	$0	$0	$0
JOHN T ROCHFORD III	BOARD MEMBER	1.00	Director	$0	$0	$0
TOM CONE SR	BOARD MEMBER	1.00	Director	$0	$0	$0
MARLENE MOSES	BOARD MEMBER	1.00	Director	$0	$0	$0
MARY FRANCES RUDY	BOARD MEMBER	1.00	Director	$0	$0	$0
ELIZABETH A MCDONALD	SECRETARY/TREASURER	40.00	Officer	$105,733	$3,126	$108,859
WILLIAM C KOCH	PRESIDENT/DEAN	40.00	Officer	$264,740	$1,867	$266,607

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	$4,510,226	$5,221,530	$10,770,398	$-711,304
2024	$4,328,470	$3,743,982	$10,205,831	$584,488
2023	$3,793,863	$3,501,776	$8,075,853	$292,087
2022	$3,756,840	$3,410,144	$6,588,543	$346,696
2021	$3,898,792	$3,236,011	$7,415,202	$662,781
2020	$2,848,944	$3,068,379	$6,681,652	$-219,435
2019	$2,915,177	$3,125,821	$6,487,929	$-210,644
2018	$2,532,848	$3,353,358	$6,654,972	$-820,510

NASHVILLE SCHOOL OF LAW