DOUGLAS CHEROKEE ECONOMIC AUTHORIT… - Form 990 Financial Data

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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

DAVID SIGLER

Phone

4235874500

Tax Period

2024-07-01 to 2025-06-30

DOUGLAS CHEROKEE ECONOMIC AUTHORITY INC, founded in 1965, is a mid-sized nonprofit in the Education sector that reported $23.8M in total revenue in fiscal year 2024. Revenue decreased 16% compared to the prior year.

Mission

DOUGLAS-CHEROKEE ECONOMIC AUTHORITY, INC. IS A COMMUNITY ACTION AGENCY SERVING SIX (6) RURAL APPALACHIAN COUNTIES EAST TENNESSEE-COCKE, GRAINGER, HAMBLEN, JEFFERSON, MONROE AND SEVIER. THE PURPOSE OF THE AGENCY IS TO HELP FAMILIES LIVING IN POVERTY IMPROVE THEIR LIVES BY PROVIDING THEM WITH ASSISTANCE AND SERVICES THAT THEY ARE NOT ABLE TO PROVIDE FOR THEMSELVES. THE FOCUS OF THE AGENCY IS TO HELP PEOPLE HELP THEMSELVES.

Program Service Accomplishments

Program 1

Expenses: $11,459,797 Revenue: $9,183

U.S DEPARTMENT OF HEALTH AND HUMAN SERVICES- HEADSTART PROGRAM- A COMPREHENSIVE PROGRAM DESIGNED TO PROVIDE SERVICES TO LOW INCOME CHILDREN AND FAMILIES, INCLUDING EDUCATIONAL, HEALTH AND NUTRITIONAL...

Program 2

Expenses: $5,793,958

U.S DEPARTMENT OF EDUCATION- THE PURPOSE OF THESE PROGRAMS IS TO PROVIDE EDUCATIONAL OPPORTUNITIY IN THE APPALACHIAN REGION TO POVERTY LEVEL FAMILIES.

Program 3

Expenses: $1,718,054

U.S. DEPT. OF HEALTH & HUMAN SERVICES - LOW INCOME HOME ENERGY ASSISTANCE AND COMMUNITY SERVICES BLOCK GRANT - TO PROVIDE INCOME AND ADVISORY EDUCATIONAL ASSISTANCE TO LOW INCOME FAMILIES.

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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 $21,581,486

Program Service Revenue $9,183

Investment Income $9,194

Other Revenue $2,234,354

TOTAL REVENUE $23,834,217

Expense Breakdown

Grants Paid $5,175,452

Salaries & Benefits $14,035,865

Fundraising Expenses $0

Program Expenses $23,338,278

Other Expenses $5,354,040

TOTAL EXPENSES $24,565,357

Year-over-Year Comparison

	2024	2023	Change
Revenue	$23,834,217	$28,260,212	-0.2%
Expenses	$24,565,357	$26,545,583	-0.1%
Net Income	$-731,140	$1,714,629	-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

635

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

$202,396

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MEGAN BARNARD	EXEC DIRECTO	40.00	Officer	$110,786	$0	$110,786
DAVID SIGLER	FISCAL OFFIC	40.00	Officer	$91,610	$0	$91,610
CLAY BLAZER	DIRECTOR	1.00	Director	$0	$0	$0
ROXANNE BOWEN	SECRETARY	1.00	Director	$0	$0	$0
KIM BRISCOE	DIRECTOR	1.00	Director	$0	$0	$0
LAUREN CARROLL	DIRECTOR	1.00	Director	$0	$0	$0
BETTYE CARVER	DIRECTOR	1.00	Director	$0	$0	$0
JIM CLAWSON	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL COLLINS	VICE CHAIRPE	1.00	Director	$0	$0	$0
MISTY CAMERON	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS CUTSHAW	FINANCE	1.00	Director	$0	$0	$0
SHARON DAVIS	DIRECTOR	1.00	Director	$0	$0	$0
NANCY FARRIS	CHILD DEVELO	1.00	Director	$0	$0	$0
WAYNE HELTON	DIRECTOR	1.00	Director	$0	$0	$0
MICHELLE HITE	DIRECTOR	1.00	Director	$0	$0	$0
KATHY HOLT	DIRECTOR	1.00	Director	$0	$0	$0
TRACY JETT	DIRECTOR	1.00	Director	$0	$0	$0
MICHELE LOVE	DIRECTOR	1.00	Director	$0	$0	$0
MAGGIE MCNALLY	DIRECTOR	1.00	Director	$0	$0	$0
LEE ANNE STRICKLAND	DIRECTOR	1.00	Director	$0	$0	$0
DONNA SHELTON	DIRECTOR	1.00	Director	$0	$0	$0
JOAN STOKELY	DIRECTOR	1.00	Director	$0	$0	$0
RENE TABOR	CHAIRPERSON	1.00	Director	$0	$0	$0
GLORIA WALKER	DIRECTOR	1.00	Director	$0	$0	$0
JESSICA WALKER	DIRECTOR	1.00	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
2025	$23,834,217	$24,565,357	$18,762,902	$-731,140
2024	$28,260,212	$26,545,583	$19,418,699	$1,714,629
2023	$30,366,317	$30,592,995	$17,392,244	$-226,678
2022	$28,197,437	$27,475,562	$21,080,694	$721,875
2021	$27,779,644	$27,203,657	$16,928,422	$575,987
2020	$24,662,210	$23,627,046	$16,863,846	$1,035,164
2019	$24,184,522	$22,744,189	$15,901,561	$1,440,333
2018	$22,245,053	$21,252,520	$14,542,832	$992,533

DOUGLAS CHEROKEE ECONOMIC AUTHORITY INC