Middle Tennessee Industrial Development Association (EIN 620676077) - 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

1962

Legal Domicile

Principal Officer

Victor B Pusser

Phone

6152695233

Tax Period

2024-07-01 to 2025-06-30

Middle Tennessee Industrial Development Association, founded in 1962, is a community nonprofit that reported $1.0M in total revenue in fiscal year 2024. Expenses of $938K left a modest 6% surplus.

Mission

To provide industrial development services in the middle Tennessee area.

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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 $0

Program Service Revenue $971,037

Investment Income $30,228

Other Revenue $0

TOTAL REVENUE $1,001,265

Expense Breakdown

Grants Paid $0

Salaries & Benefits $575,004

Fundraising Expenses $52,334

Other Expenses $362,924

TOTAL EXPENSES $937,928

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,001,265	$928,469	+0.1%
Expenses	$937,928	$969,542	0.0%
Net Income	$63,337	$-41,073	-2.5%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
Scott Newton	Director	Director	$0	$0	$0
Belva Bess	Director	Director	$0	$0	$0
Jonathan Hardin	Director	Director	$0	$0	$0
Mark Kimbell	Director	Director	$0	$0	$0
Chris Davis	Director	Director	$0	$0	$0
Darrell Gillespie	Director	Director	$0	$0	$0
Glen Hale	Director	Director	$0	$0	$0
Allen Potter	Director	Director	$0	$0	$0
Terry Resha	Director	Director	$0	$0	$0
Carl Haney	Director	Director	$0	$0	$0
Mike Strange	Director	Director	$0	$0	$0
Britt Dye	Director	Director	$0	$0	$0
Victor B Pusser	President	Officer Director	$0	$0	$0
Britt Dye	Director	Director	$0	$0	$0
Sharon Fralix	Director	Director	$0	$0	$0
John Hickman	Director	Director	$0	$0	$0
Keith Carnahan	Director	Director	$0	$0	$0
Brad Medley	Director	Director	$0	$0	$0
Albert Kerstiens	Sec/Treas	Officer Director	$0	$0	$0
Teresa Broyles-Aplin	Director	Director	$0	$0	$0
Jennifer Brodgon	Vice President	Officer Director	$0	$0	$0
Jason Reese	Director	Director	$0	$0	$0
Chris Jones	Director	Director	$0	$0	$0
Richie Knowles	Director	Director	$0	$0	$0
George Powell	Director	Director	$0	$0	$0
Stephen Surles	Director	Director	$0	$0	$0
James Wright	Director	Director	$0	$0	$0
Jason Cloy	Director	Director	$0	$0	$0
Brittany Davis	Director	Director	$0	$0	$0
Mike Davidson	Director	Director	$0	$0	$0
Brian Taylor	Director	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	$1,001,265	$937,928	$1,259,312	$63,337
2024	$928,469	$969,542	$1,200,614	$-41,073
2023	$946,616	$996,014	$1,284,466	$-49,398
2022	$842,842	$864,426	$1,313,834	$-21,584
2021	$933,926	$853,074	$1,307,271	$80,852
2020	$866,921	$852,772	$1,233,978	$14,149
2019	$765,410	$796,724	$1,217,838	$-31,314

Middle Tennessee Industrial Development Association