NORTHWEST TENNESSEE EDC (EIN 620729622) - 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

1965

Legal Domicile

Principal Officer

CHERYL OGLESBY-TOWNES

Tax Period

2022-07-01 to 2023-06-30

NORTHWEST TENNESSEE EDC, founded in 1965, is a mid-sized nonprofit in the Community Improvement sector that reported $22.6M in total revenue in fiscal year 2022. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $21.9M left a modest 3% surplus.

Mission

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

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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 (2022)

Revenue Breakdown

Contributions & Grants $21,691,312

Program Service Revenue $47,225

Investment Income $135

Other Revenue $905,000

TOTAL REVENUE $22,643,672

Expense Breakdown

Grants Paid $0

Salaries & Benefits $10,324,300

Fundraising Expenses $0

Program Expenses $21,276,163

Other Expenses $4,703,812

TOTAL EXPENSES $21,940,586

Year-over-Year Comparison

	2022	2021	Change
Revenue	$22,643,672	$20,881,708	+0.1%
Expenses	$21,940,586	$20,479,236	+0.1%
Net Income	$703,086	$402,472	+0.7%

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

336

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

$472,299

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHERYL OGLESBY-TOWNES	EX. DIRECTOR	38.00	Officer	$98,045	$9,120	$107,165
RAKAYA HUMPHREYS	HEADSTART DI	40.00	Officer	$94,242	$10,868	$105,110
TRACY WEBB	FACILITIES A	40.00	Officer	$79,579	$9,097	$88,676
MICHAEL WHITE	IT ADMINISTR	40.00	Officer	$78,811	$9,097	$87,908
MAVIS CURTIS	HEALTH&DISAB	40.00	Officer	$72,572	$10,868	$83,440
SEE ATTACHED	SEE ATTACHED	2.00	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
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

NORTHWEST TENNESSEE EDC