Northwest Tennessee EDC

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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

1965

Legal Domicile

Principal Officer

Cheryl Oglesby-Townes

Phone

7313643228

Tax Period

2024-07-01 to 2025-06-30

Northwest Tennessee EDC, founded in 1965, is a mid-sized nonprofit in the Community Improvement sector that reported $19.8M in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year.

Mission

COMMUNITY BASED ORGANIZATION CREATED FOR THE PURPOSE OF HELPING TO ELIMINATE POVERTY THROUGH COMMUNITY ACTION.

Program Service Accomplishments

Program 1

Expenses: $13,866,570 Revenue: $14,126,428

Child Education-Program Designed to provide head start services to ecomonically disadvantaged children

Program 2

Expenses: $3,490,038 Revenue: $3,476,733

Low income energy assistance- program provides weatherization services to low income participants.

Program 3

Expenses: $1,626,779 Revenue: $1,525,905

Food Assistance - Providing food to those in need

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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 $19,847,895

Program Service Revenue $0

Investment Income $130

Other Revenue $0

TOTAL REVENUE $19,848,025

Expense Breakdown

Grants Paid $0

Salaries & Benefits $10,974,653

Fundraising Expenses $0

Program Expenses $19,078,897

Other Expenses $4,202,061

TOTAL EXPENSES $19,674,542

Year-over-Year Comparison

	2024	2023	Change
Revenue	$19,848,025	$21,273,251	-0.1%
Expenses	$19,674,542	$21,752,963	-0.1%
Net Income	$173,483	$-479,712	-1.4%

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

337

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

$478,597

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SEE ATTACHED	SEE ATTACHED	2.00	Director	$0	$0	$0
Cheryl Oglesby-Townes	Ex. Director	38.00	Officer	$102,723	$9,264	$111,987
Mavis Curtis	Health/Disability Mananger	40.00	Officer	$74,069	$9,877	$83,946
Rakaya Humphreys	Headstart Director	40.00	Officer	$97,011	$14,322	$111,333
Michael White	IT Administrator	40.00	Officer	$82,662	$9,229	$91,891
Kimberly Hagler	ERSEA Family Services Manager	40.00	Officer	$70,948	$8,492	$79,440

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	$19,848,025	$19,674,542	$4,066,822	$173,483
2024	No data	No data	No data	No data
2023	$22,643,672	$21,940,586	$4,482,785	$703,086
2022	$20,881,708	$20,479,236	$3,409,828	$402,472
2021	$21,895,121	$21,770,644	$2,980,191	$124,477
2020	$20,103,318	$20,337,549	$3,476,220	$-234,231
2019	$19,162,856	$19,533,322	$2,359,149	$-370,466
2018	$16,366,971	$16,323,086	$2,972,879	$43,885